by Kopania » Sun Jul 12, 2009 7:56 pm
by Cats Keep » Sun Jul 12, 2009 9:52 pm
10. All nations whether it be in the WA or not must follow these regulations if they plan to do business on the global economy.
by The Emmerian Unions » Sun Jul 12, 2009 10:53 pm
Cats Keep wrote:Fail.
The WA deals with international issues, not national ones
and this right here attempts to impose the WA on NON Member nations:10. All nations whether it be in the WA or not must follow these regulations if they plan to do business on the global economy.
Illegal
Ifreann wrote:"And in world news, the United States has recently elected Bill Gates as God Emperor For All Time. Foreign commentators believe that Gates' personal fortune may have played a role in his victory, but criticism from the United States of Gates(as it is now known) has been sparse and brief."
by Serbian_Soviet_Union » Mon Jul 13, 2009 12:55 am
by Bears Armed » Mon Jul 13, 2009 4:18 am
WRONG. The absence of prior WA legislation doesn't mean that there can't be/isn't already any national legislation...Business Regulation
A resolution to reduce income inequality and increase basic welfare.
Category: Social Justice
Strength: Strong
Proposed by: Kopania
Description:
APPALLED: At the fact that business throughout the world has no regulations to stop corruption, theft and shady business deals.
Even, apparently matters that have nothing to do with that company? SILLY!ESTABLISHES: The Security and Exchange Commission
Its goals are as follows:
a. to enforce the regulations of this resolution.
b. to keep business everywhere a clean and uncorrupted practice available to all.
These will be the following new business regulations:
1. The chairman or majority owner of a company's stock (51% or higher) shall have complete authority over the company and all other stock holders including governments must get the consent of the chairman or majority owner before proceeding on ANYTHING.
"$"?2. If there is no owner who holds 51% stock or more then on a specific issue the stock holders will take a vote with their stocks they hold. Whichever proposal with the most votes will be that company's decision.
3. In the case of companies corruption of the following kind will not be tolerated:
a. bribing, which includes but is not limited too accepting money or gifts of value over $20.01 unless from a family member for a specific occasion.
So actually doing business is illegal?!?b. having people do tasks for you so they can get in better standing with you.
4. Fraud is illegal. Fraud includes withdrawing the companies assets, selling its assets to another company,
Even if that would be the only way of preventing its collapse?or declaring bankruptcy when it is not needed.
5. Any stockholder or CEO may not sell stock or merge the company with/to another company in which they hold stock.
Somebody doesn't understand how stocks work...6. When selling a company's assets the assets being sold must be sold AT LEAST at its value and nothing less.
7. When a company is merging the company must compensate the stockholders for their stocks at the last recorded market price.
Where should it get the money for this? And why should they have priority over any creditors that it might have?8. If a company is closing due to bankruptcy it must compensate the stockholders at the market price of the stock BEFORE bankruptcy.
This would arguably be an ideological ban... except for the loophole that 'eminent domain' would let them acquire those stocks if necessary anyway.9. A nation MAY NOT nationalize its share of the company unless they own 100% of the stock in that company.
ILLEGAL10. All nations whether it be in the WA or not must follow these regulations if they plan to do business on the global economy.
The Security and Exchange Commission has the right to interpret whether this resolution is being obeyed or not and has the right to cancel all transactions it sees as breaking the laws of this resolution.
Approvals: 5 (Surote, Earth Worshippers, Pusik XII, Todd McCloud, United Ohio and NKY)
Status: Lacking Support (requires 45 more approvals)
Voting Ends: in 2 days, 17 hours
by Flibbleites » Mon Jul 13, 2009 8:09 am
Serbian_Soviet_Union wrote:Also Illegal, idelogical as it is an attempt to destroy capitalism and large corporations.
by Linux and the X » Mon Jul 13, 2009 9:18 am
by Kopania » Mon Jul 13, 2009 11:05 am
Serbian_Soviet_Union wrote:Also Illegal, idelogical as it is an attempt to destroy capitalism and large corporations.
by Kopania » Mon Jul 13, 2009 11:07 am
Even if that would be the only way of preventing its collapse?
by Kopania » Mon Jul 13, 2009 11:10 am
Linux and the X wrote:Since true capitalism only exists in the absense of governmental control, anything mandating government control of the economy destroys capitalism.
by Linux and the X » Mon Jul 13, 2009 12:12 pm
by Kopania » Mon Jul 13, 2009 12:13 pm
Linux and the X wrote:What is this "US" you speak of?
(OOC: The US isn't entirely capitalist)
by Charlotte Ryberg » Mon Jul 13, 2009 12:54 pm
by Dagguerro » Mon Jul 13, 2009 1:20 pm
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