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Bill: Freed Money Act
Details
Submitted by[?]: Conservative Renew
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: October 4526
Description[?]:
| As a former Minister of Finance one of my responsibilities was to serve as head of the National Bank. I seen the bloated and ineffective institution firsthand. It is time we do away with this outdated institution once and for all. The bill proposed will also free the monetary market and allow currency to freely float as well and enact a common sense reduction in the minimum wage. These financial Reforms will free money and improve our economy and will be the legacy for this government's first term. In order to not cause economic shock this bill will be eased into effect with the fulfillment by the last day in December of 4531. Rafael Costatos Prime Minister of Gaduridos |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
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 3
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 considered a "living wage," well above the poverty line for a full time worker.
Proposed: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Debate
These messages have been posted to debate on this bill:
| Date | 21:58:29, February 04, 2019 CET | From | Technocratic Assembly | To | Debating the Freed Money Act |
| Message | We support article 3, and are neutral on 1 and 2; thus we will abstain. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 115 | |||
| no |
Total Seats: 119 | |||
| abstain | Total Seats: 16 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "A racially integrated community is a chronological term timed from the entrance of the first black family to the exit of the last white family." - Saul Alinsky |