We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Economic Reform Act
Details
Submitted by[?]: National Movement
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: July 4865
Description[?]:
| We need to reform our economy in order to save our economy from the bankers and the speculators and give it back to the people. |
Proposals
Article 1
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is an entirely independent agency of the government.
Current: The central bank is an entirely independent agency of the government.
Proposed: The central bank is underneath the direct oversight of the head of state.
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, and the government does not intervene at all.
Proposed: The exchange rate of the national currency is kept within a defined band of fluctuation.
Article 3
Proposal[?] to change The government's policy towards foreign workers.
Old value:: Foreign nationals are treated the same as native citizens when searching for employment.
Current: Foreign nationals are treated the same as native citizens when searching for employment.
Proposed: Foreign nationals may only be employed in circumstances where the government has determined there is a labour shortage.
Article 4
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: Stock exchanges are allowed and are unregulated.
Proposed: Stock exchanges are allowed but are regulated.
Article 5
Proposal[?] to change Policy on employee representation on corporate boards
Old value:: No employee representation is required on corporate boards
Current: No employee representation is required on corporate boards
Proposed: One third of corporate boards must consist of employees
Debate
These messages have been posted to debate on this bill:
| Date | 14:54:30, December 20, 2020 CET | From | National Movement | To | Debating the Economic Reform Act |
| Message | Mr. Speaker, The Luthorian people have had enough of bad economic management. Now, with the new left-wing cabinet, it's becoming worse! The National Movement wants to regulate the economy and make it for the people, by the people, not for the wealthy. To achieve that, we want to regulate stock exchanges, keep the Luthorian pound within a defined band of fluctuation, put the national bank under the supervision of the head of state. Also, we should mandate one third of employees in corporate boards. They produce and are a part of our economy, therefore, they should be represented. Foreign workers should not steal the jobs of natives. They should only be employed when there is a labour shortage. Mary of Hurrington, MP. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||||
| yes |
Total Seats: 14 | |||||
| no |
Total Seats: 112 | |||||
| abstain | Total Seats: 24 |
| Random fact: Whilst the use of non-English languages can be appropriate for nation names, party names, constitutional titles and other variables, English is the official language of communication in the game. All descriptive texts and public communications should be in English or at least appear alongside a full English translation. |
| Random quote: "You don't have to explain something you never said." - Calvin Coolidge |