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Bill: Private Security Act
Details
Submitted by[?]: Vast Right Wing Conspiracy 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: January 2080
Description[?]:
| Allow citizens to invest some of their retirement funds into private accounts. |
Proposals
Article 1
Proposal[?] to change The government's policy concerning the pension system.
Old value:: The state operates a compulsory, public pension system.
Current: The state operates a compulsory public system combined with an optional private pension.
Proposed: The state operates a compulsory public system combined with an optional private pension.
Debate
These messages have been posted to debate on this bill:
| Date | 18:12:38, July 11, 2005 CET | From |  Free Reform Coalition (FRP) | To | Debating the Private Security Act |
| Message | it seems strange that we have to spell out what people do already. but in any case we support. |
| Date | 20:07:39, July 11, 2005 CET | From | Vast Right Wing Conspiracy Party | To | Debating the Private Security Act |
| Message | How so? It was our understanding that the last act took everyone's retirement and placed it into a state run system. There is no option to take some of that money and invest in private accounts. We are merely providing that option. If this is incorrect, please advise. |
| Date | 20:32:40, July 11, 2005 CET | From | Free Reform Coalition (FRP) | To | Debating the Private Security Act |
| Message | we have no problem with that. we assumed the recent law actually just made everyone start paying into a retirement account, rather than confiscating their money, which would be completely wrong and i don't think many of the parties would have voted yes on it otherwise. but if this law is supposed to correct that, we support it even further. in any case, paying some money into a government run retirement account every tax time is fine, and shouldn't prevent people from creating separate retirement plans such as IRAs or trust funds or business run accounts. |
| Date | 21:51:41, July 11, 2005 CET | From | Social Republican Party | To | Debating the Private Security Act |
| Message | Support. |
| Date | 23:03:09, July 11, 2005 CET | From | Protectorate Party | To | Debating the Private Security Act |
| Message | our interpetation is this now permits tax free savings into a retirement (OOC: a 401k or IRA in the US). Previously an individual could save money of course but not receive a tax break on it. We in any case support such a move. |
| Date | 00:13:32, July 12, 2005 CET | From | Radical Centrists | To | Debating the Private Security Act |
| Message | We support. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 68 | ||||||
| no |
Total Seats: 19 | ||||||
| abstain |
Total Seats: 13 |
| Random fact: Discuss flag designs at the Flag Designs thread: http://forum.particracy.net/viewtopic.php?f=5&t=37 |
| Random quote: "While the State exists, there can be no freedom. When there is freedom there will be no State." - Vladimir Lenin |