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Bill: Economy Policy Bill
Details
Submitted by[?]: Liberal Intellectual Party
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 2273
Description[?]:
| We propose the following changes to the economy |
Proposals
Article 1
Proposal[?] to change The government's policy on advertising
Old value:: All advertising is permitted.
Current: All advertising is permitted.
Proposed: Only advertising that meets certain set standards is permitted.
Article 2
Proposal[?] to change The government's policy concerning child labour.
Old value:: Child labour is allowed, but with additional regulations to those of adult labourers.
Current: Child labour is forbidden.
Proposed: Child labour is forbidden.
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 15
Proposed: 15
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: Certain industries are owned by the state, all others are under private ownership.
Article 5
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There is no provision for a minimum wage.
Current: There is no provision for a minimum wage.
Proposed: There shall be a minimum wage at a level that a single full time worker on it can adequately subsist.
Debate
These messages have been posted to debate on this bill:
| Date | 01:14:15, August 20, 2006 CET | From | Liberal Intellectual Party | To | Debating the Economy Policy Bill |
| Message | We propose the following changes because Article 1: It is in the interests of the public that advertising is regulated, to prevent companies from lying to the people. Article 2: We are not entirely comfortable with any of the options here, but find all the others to open to abuse. Article 3: Corporations make a great deal of money, this profit should be taxed. Article 4: We do not believe in complete state ownership of business, but think that some industries should be state run, some industries are critical to the country and therefore should be controlled with people who are acting in the best interests of the nation and not themselves. Article 5: A minimum wage guarantees the worker money they deserve. |
| Date | 02:30:05, August 20, 2006 CET | From |  Likaton Coalition of the Willing | To | Debating the Economy Policy Bill |
| Message | We oppose. Advertising is always subjective. something that would have not met standrads 5 years ago, would be tame today, thus trying to regulate advertising, aside from being futile, would be incredibly expensive. Child labour should not be encouraged in all cases, but a well regulated saturday job, for example, can be extremely beneficial in ways that conventional education cannot. You clearly want to drive all investment overseas. A smal tax, say 2 or 3 % may be tolerated, but a 15% hike will destroy our economy, bacause 15% of nothing is still nothing... The fourth article is not so bad. We could conceivably support a Bill with this article in, if it was tempered by other, sensible legislation. We would support the fifth aticle. |
| Date | 11:47:47, August 20, 2006 CET | From | Liberal Intellectual Party | To | Debating the Economy Policy Bill |
| Message | Yes advertising is always subjective, but there are limits. For example if a new medicine is advertised that can help people who suffer a terrible disease it should be forced to live up to its promises, allowing it to blatantly falsily advertise is wrong. I do agree that a saturday job for a child would be a good idea, but the current position is too vague. I could perhaps negogiate on the 15%, how about 7%? I also doubt that this would drive away foreign investment. Corporations use this country, they should have to pay for it. |
| Date | 16:20:43, August 21, 2006 CET | From | AM Radical Libertarian Party | To | Debating the Economy Policy Bill |
| Message | False advertising is currently punishable under fraud statutes. If I say that my medicine will cure cancer and it does not, that's already illegal. If I say that a healthy diet may reduce the risk of cancer and that my dietary supplement can be a part of a healthy diet, any conclusions drawn from that are up to the listener. If you look back at the original debate as to child labor, there were specific restrictions proposed in the law passed. Those could be revisited if need be, periodic review is always a good idea. I do not think that banning all child labor is the answer. Corporate profits are distributed to the shareholders as dividends. These are taxed as income. Therefore, taxing them at the corporate level amounts to double taxation of the same income. State run industries have always been run at a lower level of efficiency that competitive private ones. There is no incentive to excell when you have no risk of a competitor. Minimum wages are a distortion of the marketplace, and lead to unemployment and inflation; both of which hit the poor worse than any other group. As you may guess, AM RLP will not be voting for this bill. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 217 | |||
| no | Total Seats: 284 | |||
| abstain | Total Seats: 0 |
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