HB 29-02: Comptroller Reform Act (Passed)

[Dr. MB]

                                          A BILL
                   to start a debate on reforming the office of the comptroller and the game economy.
II. Title
The Title of the Bill shall be known as Comptroller Reform Act.
III. Text
The Atlasian congress and president shall create a multi-partisan commission consisting of 3-5 members who shall work on creating a new system for the game economy by increasing the number of variables involved that result in tax revenue or total GDP. After the commission work is done the final bill will be put to congress.
IV. Creation system
Said system will have to likely be created within excel but it may also be coded within a programming language which will be determined by the commision.
V. Funding
1,500,000 shall be granted for this commission to start work.

Designation: HB 21-02
Sponsor: Lfromnj

[S019]

As a citizen, I am very curious as to what exactly “variables” means? Second, how would you get a CG who agrees to use these variables, when simulating the current system is hard enough? Also since this commission is of players, why does this cost anything?

[Harvey Updyke Jr🌹]

This is an odd bill.

[KaiserDave]

Hmmm. Not convinced.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

As a citizen, I am very curious as to what exactly “variables” means? Second, how would you get a CG who agrees to use these variables, when simulating the current system is hard enough? Also since this commission is of players, why does this cost anything?

[lfromnj]

As a citizen, I am very curious as to what exactly “variables” means? Second, how would you get a CG who agrees to use these variables, when simulating the current system is hard enough? Also since this commission is of players, why does this cost anything?

I have started work on a basic proposal of Comptroller reform.





Basically the first picture shows a 40% Federal rate and 60% state rate with no deductions assumed.
The formula works by adding the two rates together and squaring them. After that divide them by a chosen number and I chose 200.   However this is arbitrary and the exact number can be changed. The square can also be changed although I believe the type of curve it creates is interesting as the tax penalty really starts to happen at super high levels.  

   With this tax rate the state would collect only 30% of the income in that bracket and not 60%. The federal government would only get 20%. However if the state reduces the rate to 35% or where the Laffer curve peak lies for total tax rate, the total revenue collected would increase from 50 to 53% despite a tax rate decrease. However the states own revenues would decrease from 30% to 25% or a 15% decrease. The Federal government would have an 8% increase.


If anyone else is interested in working on a model that works on a similar idea, please voice your support !

This basic variable is very crude and just a small proposal to explain my idea.  If anyone wants the simple excel file feel free to pm on discord lfromnj#7220.

Other factors could include increased GDP/income growth within a bracket based on a tax cut or a spending multiplier based on government spending . This will be complex and take many hours for a small group to craft but it will be worth it. A solid 8-10 variables would make the budget so much more interesting !.
So Yes I brought up the "infamous " Laffer curve ,but the fact is that the Laffer Curve exists somewhere we just don't know exactly where. For this example it would be 75%

This is what variables meant for a good example. Other variables would include GDP multiplier, wealth tax reductions after each year it is in effect, etc. Again I want a multipartisan commision that is interested in this to work on it over a month or so and present it to congress later for full approval.
This wouldn't really be extra work for comptroller general as its just plugging in some stuff into an excel sheet.
Anyway I just figured most of this stuff has "research"cost added on and wanted to make it realistic lol.
I'll be a bit busy till Friday evening, I can explain a bit more then.

[Dr. MB]

I'm open to this idea but I think the bill needs a little more substance. It's kind of vague as it stands.

[Joseph Cao]

Also open to this idea, though I would have to know a bit more about how previous Comptrollers General have approached the problem of simulating the economy. If it helps the CG create more "realistic" economic results that give us a better handle on how to react to the economy, I'd be all for it.

[Harvey Updyke Jr🌹]

This sounds like a friggin headache and I pity the fool who takes on this job.

[Harvey Updyke Jr🌹]

Lmfao the Laffer curve.

Give me a damn break.

[Southern Senator North Carolina Yankee]

I like the general concept of a more in depth economic model to enrich the game. The details of which will need to be debated obviously.

[Sirius_]

Lmfao the Laffer curve.

Give me a damn break.

Actually, maybe you can't tax 100% and expect it to work. Doesn't seem unreasonable to me.

[P. Clodius Pulcher did nothing wrong]

This seems like extra work for a group of people who will simply abandon it after a month of frustrations.

[Saint Milei]

I don't see the point of creating a new commission, unless this game doesn't have an econ/finance department in the executive branch. I also have issues with this because the variables haven't been decided yet.

[Southern Senator North Carolina Yankee]

I don't see the point of creating a new commission, unless this game doesn't have an econ/finance department in the executive branch. I also have issues with this because the variables haven't been decided yet.

In my experience econ or finance department exists only on paper.

[Southern Senator North Carolina Yankee]

Generally for a commission to work it needs to be small and typically a sanctioning of a pre-existing dynamic. Basically someone is already doing it.

[Left Wing]

I don’t see why this would need funding?

[Harvey Updyke Jr🌹]

I motion to table.

[Dr. MB]

A vote has began on whether to table this bill. 72 hours to vote aye, nay, or abstain.

[Dr. MB]

Aye. Don't really see how this is workable.

[Joseph Cao]

Nay. The sponsor has indicated his inclination to explain further, and I think this has the potential to help the Comptroller's office do its job and smoothen the transitions between CGs.

[Sirius_]

Nay

[KaiserDave]

Nay

[Continential]

Nay

[lfromnj]

First of all, I want to see if anyone else in general is interested in working this with me over the next few months as part of a multipartisan commission. I would definitely include other factors, it was just the laffer curve is the easiest to explain and show as it is one of the more infamous/famous economic concepts.

Nay.

This could be anyone in either house of congress or even citizens.