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Bill: Economic Freedom Bill
Details
Submitted by[?]: Jameiat Alfwdwyyn Alsuwq
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: September 4488
Description[?]:
| The purpose of this bill is to deregulate the market, create more job oppurtunities, and pave the way to a free society |
Proposals
Article 1
Proposal[?] to change Regulation of advertising of substances classified as addictive and harmful (if general advertising by companies is permitted and sale of the addictive/harmful products is allowed).
Old value:: Advertising is restricted.
Current: Advertising is restricted and has to carry strong warning messages.
Proposed: Advertising is legal and unregulated.
Article 2
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: All banks are privately owned.
Article 3
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
Current: The government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.
Proposed: The central bank is an entirely independent agency of the government.
Article 4
Proposal[?] to change The government's policy concerning child labour.
Old value:: Child labour is forbidden.
Current: Child labour is forbidden.
Proposed: Child labour is allowed and unregulated; adult labour laws do not apply.
Article 5
Proposal[?] to change Closed shops are places of employment where only members of a specific union are allowed to work; union shops can hire non-members, but these have to become members after a certain time; agency shops can hire non-members, who have to pay a fee to cover the unions costs. All three are erected by union agreements. (Only valid if unions are legal)
Old value:: Closed shops, union shops and agency shops are legal.
Current: Only open shops are legal.
Proposed: This issue is decided by local governments.
Article 6
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 25
Proposed: 0
Article 7
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Current: Cryptocurrency is illegal.
Proposed: The government has no policy on cryptocurrency
Article 8
Proposal[?] to change The government's policy towards daily working hours.
Old value:: Local governments regulates the daily working hours.
Current: The government obligates trade unions and employers to negotiate the daily number of working hours.
Proposed: The government has no policy concerning daily working hours.
Article 9
Proposal[?] to change The nation's defence industry.
Old value:: The state owns all defence industries.
Current: The state owns national defence industries but these exist alongside privately owned defence industries.
Proposed: Defence industries are privately owned and not subsidised.
Article 10
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is fixed by the government.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Article 11
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers cannot fire workers who have gone on strike.
Current: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Proposed: Employers are free to fire workers who go on strike.
Article 12
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may freely invest in national companies.
Article 13
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level considered a "living wage," well above the poverty line for a full time worker.
Current: There shall be a minimum wage at a level that a single full time worker on it can adequately subsist.
Proposed: There is no provision for a minimum wage.
Article 14
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: Monopolies are only forbidden in specific sectors of the economy.
Current: Monopolies are only forbidden in specific sectors of the economy.
Proposed: Monopolies are forbidden, and are actively broken up.
Article 15
Proposal[?] to change Positive discrimination.
Old value:: The government sets compulsory quotas for hiring women, minorities and marginalized groups.
Current: The government does not regulate hiring policies.
Proposed: The government does not regulate hiring policies.
Article 16
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are banned.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 0 | |
| no |
Total Seats: 100 | |
| abstain | Total Seats: 0 |
| Random fact: The voters enjoy active parties who take upon themselves the initiative to create laws. |
| Random quote: "When anger rises, think of the consequences." - Confucius |