HB 29-02: Comptroller Reform Act (Passed) (user search)
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  HB 29-02: Comptroller Reform Act (Passed) (search mode)
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Author Topic: HB 29-02: Comptroller Reform Act (Passed)  (Read 1663 times)
lfromnj
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« on: March 10, 2021, 12:10:03 AM »
« edited: March 10, 2021, 12:20:08 AM by You Code 16 bits- What do you get? »

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 Tongue. 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.
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lfromnj
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« Reply #1 on: March 18, 2021, 03:17:21 PM »
« Edited: March 18, 2021, 03:24:09 PM by You Code 16 bits- What do you get? »

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.
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lfromnj
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« Reply #2 on: March 24, 2021, 07:22:33 PM »
« Edited: March 24, 2021, 07:29:48 PM by You Code 16 bits- What do you get? »



If anyone wants to see a more built up version of what happens.

Spending multipliers is how much is gained or lost from the total GDP based on expenditures or taxes.

If anyone wants serious questions/debate feel free to ask.

dm me on discord if you want the file.

Wealth tax penalties mean the decrease/increase
 in the wealth tax for the next year if it is collected. It still works with a 0% wealth tax of course.



All formulas currently used.
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lfromnj
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« Reply #3 on: April 01, 2021, 11:43:21 AM »

Bump for debate. Anyway the real world economy doesn't work according to perfect numbers but it is better to have an idea of a virtual simulation.
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lfromnj
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« Reply #4 on: April 05, 2021, 08:11:48 PM »

Anyway my idea is to more see it as a resolution,, overall. If it passes I will work on creating a proper system as I only worked on a rough draft to see feedback.
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lfromnj
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« Reply #5 on: April 05, 2021, 08:13:07 PM »

Quote
                                          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 Congress of Atlasia and the president express a resolution to see an improved simulated system for the game economy by adding changing variables.
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.





Designation: HB 21-02
Sponsor: Lfromnj

Amendment.
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lfromnj
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« Reply #6 on: April 06, 2021, 09:17:22 AM »
« Edited: April 06, 2021, 12:35:32 PM by You Code 16 bits- What do you get? »

Honestly the real solution would be for Sestak to name lfromnj CG (or any other person who'd be part of said comission) and the Senate to confirm him. His model definitely looks like an interesting idea.

Comitees in Atlasia pretty much never work though
Yeah I agreed on the last part I realize this will have to be a mostly one man job. I just want a resolution first before I start any full work on this.
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lfromnj
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« Reply #7 on: April 11, 2021, 06:53:14 PM »

Abstain.
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