Xsampa

[Elena1012]

PAX passes the TRA of 5680; Tax reforms to combat the deficit.

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November 8th, 5680
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One of the biggest issues facing Xsampa is the deficit. Let's face it. The Tsokling is expensive. It's generous but expensive. So, how do you fix such a deficit without hurting people who need it? The Taxation Reform Act of 5680 presents an answer for that, looking to draw new tax reforms, simplify the process, and minor Tsokling tweaks.

For starters, actual reforms to the tax system. For starters, the top 5% of earners in Xsampa will see a 3% tax increase. Alongside this, capital income will be taxed the same as wages. Alongside this, new practical taxes such as replacing the Environmental Taxation Act of 5497 with more modernized pollution taxes, speculation taxes, and the introduction of an idle land tax, which will encourage unused land to be put to use. Either it's taxed, which is a win for the treasury, or it's put to use, which is a win for everyone. Land based contribution essentially. Finally, the tax system will be simplified, via an online portal. This also comes with the benefit of simplifying the Tsokling. Furthermore, the creation of the Public Revenue Integrity Authority (PRIA), which will be beholden to the People's Committee of Financial Management and be responsible for tax collection and such.

Now, actual Tsokling reforms. The basics won't be touched. The main focus is on the most expensive aspect of Tsokling, the Minimum Basic Income. What's certain is this. Xsampans that are low or middle income with be affected at all. This reform is targeting high income Xsampans, who, while they already receive less in MBI due to their income, will instead pay a Solidarity Dividend. Their MBI will be redirected to the Tsokling itself, essentially allowing the system to pay for itself (at least with high earners) to support the universal benefits (such as childcare, healthcare, education, etc etc). High earners will still have access to other aspects of Tsokling as that's always a given, but reforming the MBI system will help in combating the deficit. 

Let's face it. No one wants austerity. We're not capitalists who foam at the mouth to give a handout to the bourgeoisie. We're socialists. The proletariat come first. So when it comes to reforming the Tsokling and Tax System, it's a careful balance between making a profit for the state and helping the people. Progressive Taxation can only take us so far. Ultimately however, high earners with miss the MBI. Everything else in the Tsokling remains universal, whilst the MBI will be able to help those who need it most compared to those who don't need it. And combatting the deficit is always a win.
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In Other News;

First Speaker of PAX, Kelden Hector confirms another session of PAX; Another round of bills to negotiate.

Looking back at the Pelkyi Report 20 years later; Have we achieved the ethical workshop of the progressive world?

S Aurousseau Administration sees rising approval; 73% approval.
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Today's Quote of The Day; "Every aspect of society must be intertwined for it to work. If the left hand fights the right hand, you get nothing. If the left hand works with the right hand, then all of society thrives."
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Glory to the Xsampan Revolution! Glory to the Xsampan Proletariat!

The People's Committee for Information is a worker owned, news source in Xsampa, dedicated to spreading the words of the revolution. Ensuring that Xsampans hear news, both foreign and domestic from a strongly socialist lens, the PCI ensures a strong, stable, socialist society for Xsampa.

གྲལ་རིམ་ལ་གཟི་བརྗིད་ཤོག

Gloire à la Révolution ! Gloire au prolétariat !