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Bill: SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia

Details

Submitted by[?]: Democratic Party of Likatonia

Status[?]: passed

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: April 4746

Description[?]:

.

Proposals

Debate

These messages have been posted to debate on this bill:

Date20:55:53, April 23, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageI think the system we have currently is fair

Date20:59:57, April 23, 2020 CET
FromThe Moderates
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageI prefer the current system

Date21:00:37, April 23, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
Message(shocked face) the moderates actually are moderate.

Date21:04:29, April 23, 2020 CET
FromLiberal Democrats
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageThe government wants to nationalize the banks now? The capital markets shall be controlled and manipulated by la crème de la crème: government bureaucrats? Holy shit!

Date21:07:18, April 23, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageYou do realize how many banks would shut down right?

Date21:13:11, April 23, 2020 CET
FromThe Moderates
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessagePrivate banks should make up the majority

Date21:15:18, April 23, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
Messagefor once, I agree with you

Date21:16:08, April 23, 2020 CET
FromThe Moderates
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageSome things should be nationalised and some shouldn't and banks are in the second category

Date22:36:33, April 23, 2020 CET
FromInstitutional Revolutionary Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageWhile there are parts of the bill I don't like, we will vote yes on the bill.

Date22:41:22, April 23, 2020 CET
FromLiberal Democrats
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageAre you confusing prosperity with poverty here?

Date22:50:30, April 23, 2020 CET
FromDemocratic Party of Likatonia
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageLD reply:
SD is open for criticism, but Liberal Democrats are critising like some extremist parties. Please be constructive in your critics for the good of Likatonian people. We are party of social democratic orientation, therefore we believe in controled capitalism in order to bring the best of 2 worlds: communism and capitalism. We are, nevertheless, strongly advocating democracy, so you shouldn't be consirned that SD will ruin it.

Date22:59:02, April 23, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageYou ruined the GDP

Date23:36:48, April 23, 2020 CET
FromDemocratic Party of Likatonia
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
Messageand while you were governing with NULP you did nothing about to raise our GDP. Marc Weiss II Cabinet not only did it raise our GDP from Weiss I Cabinet but he made it the highest GDP Likatonia has ever had. Isn't it better to try to raise you GDP than to do nothing about it?

Date23:59:24, April 23, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageYes, and I did but my budget and tax proposals wouldn't have gone through.

Date23:59:59, April 23, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageAnd highest in decades we have no clue what the GDP was 100 years ago

Date00:07:51, April 24, 2020 CET
FromDemocratic Party of Likatonia
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
Messageit seems like your manipulating with fact that we have now the highest GDP for at least last 50 years

Date00:09:06, April 24, 2020 CET
FromConservative Republican Party
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageNot manipulating, thats great, just pointing out that we have no clue what the GDP was for the past 1,000 years, so its unrealistic to claim its the highest ever.

Date00:39:24, April 24, 2020 CET
FromLikatonia First
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageGuessing Peoples Bank will be renationalised

Date01:21:49, April 24, 2020 CET
FromDemocratic Party of Likatonia
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
Messageright, biggest since CRP, SD and Lab exist

Date01:22:57, April 24, 2020 CET
FromDemocratic Party of Likatonia
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageLab:
I'm thinking more about there is national bank and there are several private banks inside Likatonia, but other foreign banks are banned

Date01:31:16, April 24, 2020 CET
FromLikatonia First
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageWell it will be nationalised as it says "The government operates large, national banks". The peoples bank is a large bank, so will be taken over by the government.

Date22:42:52, April 24, 2020 CET
FromLiberal Democrats
ToDebating the SD4:Reform of Likatonian Economy - Bringing prosperity to Likatonia
MessageSD reply:

LD iterates that nationalisation of banks is - to put it mildly - a very bad and immoderate idea.

Firstly, you cannot nationalise some banks and not others. Naturally smaller banks will have to pay higher interest rates to attract creditors and that will harm profits. What pray tell is to stop the government from nationalising other smaller banks in the future? Or playing a game of political interference? Short sellers will drive the share price to zero and consign the small banks to bankruptcy. It doesn't really matter how: the denuding of the private banking industry is a fait accompli.

Secondly, the government already exerts influence on private banks. The government uses its capital to buy shares. Where they need to apply more torque, the central bank can just regulate any problems out of existence. What pray tell is the benefit of nationalisation? How is the government better off assuming the risk for all of the bank's toxic assets? The government managers will face the uncertainty of valuing these assets. One thing is certain: taxpayers will be the scapegoat.

We remain firmly opposed to the nationalisation of banks.

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Voting

Vote Seats
yes
     

Total Seats: 83

no
   

Total Seats: 17

abstain
 

Total Seats: 0


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