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Bill: Economic Reform Act
Details
Submitted by[?]: Keymon Ruling Party
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: September 2222
Description[?]:
| It has come to our attention that we have been neglecting the most important aspect of life in Keymon, and indeed its founding principle. That being the maintainence of a truly free market, allowing open competition to all and boosting the economic growth of our fine little country. So, for the first time in decades, the KRP is proposing legislation to remedy this situation, rather than taking the back seat that we have in Keymonan politics for getting on a century or more... |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 15
Proposed: 10
Article 2
Proposal[?] to change The government's policy towards fireworks.
Old value:: Professionals may run licensed fireworks shows, small fireworks are legal to the general public.
Current: Local governments determine fireworks laws.
Proposed: The sale of fireworks is unregulated, anyone may buy them.
Article 3
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Current: Employers cannot fire workers who have gone on strike.
Proposed: Employers are free to fire workers who go on strike.
Article 4
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors may freely invest in national companies.
Article 5
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government subsidizes private enterprises that face bankruptcy.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Debate
These messages have been posted to debate on this bill:
| Date | 17:07:18, May 03, 2006 CET | From | Christian Democrats | To | Debating the Economic Reform Act |
| Message | "Article III and Article V are already bills. We're opposed to Article IV and we're opposed to Article I, but this poorly-designed bill forces our hand. The short debate period also forces our hand. We'll support it and then repeal the parts we dislike. To explain our opposition, 10% of the corporate income in our nation is . . . barely anything. Our corporations make very small profits. Secondly, we oppose foreign investors taking over Keymon industries." -- Corrine Rimaldo, Foreign Minister |
| Date | 17:14:06, May 03, 2006 CET | From | Duchy's People's Party | To | Debating the Economic Reform Act |
| Message | "Articles 4 & 5 give us cause for concern but like the CD we will support this for the moment." Bill Gates, DPP Shadow Minister for Trade and Industry |
| Date | 17:26:40, May 03, 2006 CET | From | Red Star Movement | To | Debating the Economic Reform Act |
| Message | DPP - you support 3? This disgusts us! You think you are for the people but you would be ahppy to let them exploit the workers?! Get a grip comrades! However, article 1 and 4 we could agree with, that is all. |
| Date | 17:38:21, May 03, 2006 CET | From | Duchy's People's Party | To | Debating the Economic Reform Act |
| Message | "We must rethink our decision on this matter, we have misread and misinterperetted Artlice 3 of this bill, a momentary lapse of concentration upon my part, and must mention that we are set against this. Also, we would like to thank the RSM for bringing such an error to our attention." Bill Gates, DPP Shadow Minister for Trade and Industry |
| Date | 22:48:37, May 03, 2006 CET | From | Fig Party | To | Debating the Economic Reform Act |
| Message | I still have yet to figure out why fireworks are so important to legislators here |
| Date | 23:47:52, May 03, 2006 CET | From | Christian Democrats | To | Debating the Economic Reform Act |
| Message | "I'm also at a loss regarding the firework thing, but at least two of our coalition partners made fireworks reform the centerpiece of their legislative agendas. Odd. Easy to compromise on, but odd." -- Rufio Carmichael, Director General |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 58 | |||
| no | Total Seats: 53 | |||
| abstain | Total Seats: 9 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "The right to suffer is one of the joys of a free economy." - Howard Pyle (commenting on unemployment in Detroit) |