Difference between revisions of "Economy of the Liamist States"
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Revision as of 00:50, 26 February 2005
The economic system in place for the LSE is essentially a free market capitalist one, with several safeguards built in to ensure the greed of corporations do not tread on consumers, workers, competition and the environment. These are protected so that the economy may serve the Liamists to raise their standard of living, not the other way around.
Contents
Currency
The currency of the LSE is the Ch-ching (CHC). While Liamopolis and Liamton have their own floated versions of the currency, the Liamist States' Ch-ching is the most widely used in all three nations and is considered universal legal tender.
Exchange rates:
- 1 Liamist States CHC = ~$1.70
- 1 Liamopolis CHC = ~$1.45
- 1 Liamton CHC = ~$1.20
Corporations
Anti Monopoly Commission
Liam & Co
State
Private
Economic Protectionist Laws
Environment Protection
Competition Protection
Consumer Protection
Worker Protection
Tax
The United Nations claim that the average income tax rate for the Liamist States and Liamopolis is 100% and for Liamton, 84%. These high tax rates are, of course, impossible and a result of the way the UN calculates tax (it includes money paid to state- or Liam-owned organisations, of which Liam & Co is one, and excise).
The LSE maintains a flat income tax of around 16% - 20%, depending on seasonal events and Treasurer. However, this tax applies to all income from any source. For every five Ch-chings any Liamist, or any profit made by a corporation based in the Liamist States, receives in a year, usually one has to be paid to the government. The only exceptions are those with no or very limited income who are reliant on fiscal security department vouchers. Due to an efficiency consultancy being called in every two years after an election, these low tax rates and high quality public service are made possible by a huge GDP, small personal budgets for politicians (from which their salary comes) and a clean, non-bureaucratic system of distributing funds.
The only other source of tax is from excise. While the government is not allowed to ban any products per se, one of the methods to make a product unpopular is to attach a huge excise on it. The government takes this excise money and usually distributse it into better education or social justice programs.
Currently excised products:
- Meat - 25% per kilogram.
- Alcoholic drinks - 150% per 10g of alcohol.
- Coal-based electrictiy - 200% per kWh.
- Fast foods - 200% per gram of fat over 12g per product (does not include condiments).
- Private vehicles - 200% per hundred kilograms of weight, 200% per litre of fuel used per kilometre.
- Oil-based fuels - 250% per litre.
- Tobacco - 250% per 5g.
- Cannabis (sativa only)* - 300% per 2g.
- (Meth)Amphetamines* - 400% per safe hit.
- Coca (and derivatives)* - 600% per safe hit.
- Poppy (and derivatives)* - 1000% per safe hit.
*The non-recreational uses of these products are not excised.
The Liamist States does not use any tariffs or other protectionist measures against foreign products to generate funds but merely taxes their profit made in the LSE.
