Updates from a High Congressman
Charlie Silverhand
Nope, you don't have the wrong paper, this is the same guy, I justtried a bit of my very own special brownies and the whole worlds became a lot clearer... it also ended up being smoke filled but that's a story for another day isn't it?
TL
😉R at the end of the article
Here's the weekly update from your high congressman!
After the impeachment went through it's been a more fiscal based congress as our MPPs will only begin to come into their renewal cycle over the next weeks.
Admins introduced the housing industry and we acted quickly to capitalize on the bubble of demand for housing and made sure that our producers would get the benefit and introduced import tax on houses. It was a no brainer and I voted yes and it passed with a massive majority.
One such house.
There was a long discussion on reducing work tax so that the next CP would not have much to steal, this split the congress into two camps, one believing that we should reduce the tax before the CP theft is only a matter of time, and the other group holding the hope that it doesn't have to be such a foregone conclusion. I was in the latter group and opposed the change and voted No. The proposal failed with 19 No's and 7 yes's, don't agree with how I voted? Let me know in the comments!
On my way back from the House of Commons a tenner was nicked from me.
We also decided on making sure that we increased the import taxes for sand as well (Raw Material for Houses) so that our citizens benefit from the initial boom.
The proposal was another no brainer and I voted yes. The proposal passed comfortably.
Then we had the congress elections we did the ATO work during the PP election so it was a secure congress election, giving us a choice of 5 great parties to pick from.
Apparently shutting the door worked!
As a new term started we hoped we wouldn't be wasting proposals for the sake of proposing stuff. But well, a proposal went up to change the Work Tax (tax that is based on you working and gets cut from the citizen's income, consider it TDS of Income Tax) from 2% to a whopping 8%. It was shot down like a lazy goose during hunting season with a resounding 33 to 2. I feel bad for those 2.
Goose meets gun, turns into flies... yeah, that happened.
We also had another wasteful proposal from the same congressman who was obviously just out for fun (and that's fair) where no discussion took place and he proposed an import increase on food. Since it is an industry we want to maintain a balance on between homegrown and imported it was an easy decision to vote no. It seems I was right as the proposal failed as well.
Maybe he was afraid of Zombies.
That's pretty much it for this article so to recap.
Import Taxes - 3: Houses (Yes) Sand(Yes) Food (No)
Work Tax change - 2: 1%(No), 8%(No)
So till next week!
Charles Moncrieff,
Day 2,441.
House of Commons, Palace of Westminster.
Comments
Great! Congrats on getting into Congress again. 🙂
Thanks! Very excited because we hopefully end with a bigger treasury than when we started 😛
Congratulations on your election to congress. I look forward to working with you.
Same here, very happy to be part of this congress and Congrats to you as well!
Interesting, voted.
I have a question for congressman about this law of issuing money. How does it work? Is it a profitable thing to do?
Do you mean like why use the MM? not sure if you're trolling or not 😛
I already know why to use the MM. I want to learn about technicalities of this specific parliament law. How does this printing go? How much time it takes to print X amount of money. What does it cost? Which organization prints it? Which other org passes it around?
I asked the thread to make sure I got the facts right and Huey was kind enough to explain:
"Issue money allows congress members to propose a value of local currency that, if voted, will enter into the country accounts. Printing money has a Gold fee which is a fighting measure against puppet administrations who print huge amounts of money to destroy economies from the inside.
If a country wants to issue money it has to pay a tax in gold. The tax is calculated with the rate of 1 national currency = 0.005 Gold. For example: if the country wants to issue 10,000 currency the tax will be 50 GOLD.
If we go ahead with an 'Issue Money' law proposal I'd advise to keep this cc in the Country accounts and only transfer it into a Government Organisation which has been made safe and ideally when we've got a clear plan and justification on how we will use this cc in a Government Org. I don't believe the eUK Royal Mint org - http://www.erepublik.com/en/economy/citizen-accounts/3468805 is currently safe however I'll check with Moriarty."
I hope that helped 🙂
ooohhh so that's how it works.
I was wondering what that did.
Pictures are great so I missed entire text, sorry. :/
Vote!
There was a LOT of text so I don't blame you 😛
Luckily, text in pics saved the day. 😉
A fine Congressional update, Charles Moncrieff o/