Panic of 1013: Difference between revisions

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[[Bartholomeu II]] called an emergency meeting of the Picketralian Senate later that day to discuss what they should do. After a 3 day summit, they came up with the Picketralian Economy Revitalization Act of 1013, and it was unanimously passed on January 21, 1013.

It was four fold: first, temporarily nationalize several industries such as agriculture, mining, and fishing until June 5, 1013, at which point it could be discussed again. Second, create two new government services: a public postal service, the Picketralian Postal Service, branded as PikPost, and an unemployment agency to assist low-income and homeless people find work. Third, create a 5% flat tax rate for low income, a 6.5% tax rate on the middle class, and a 7.25% tax rate on the wealthy. And finally, create a temporary government oversight agency to ensure fiscal responsibility and reinvestment protocols. All of this was to be reconsidered on June 5, 1013.

It was four fold: first, temporarily nationalize several industries such as agriculture, mining, and fishing until June 5, 1013, at which point it could be discussed again. Second, create two new government services: a public postal service, the [[PikPost|Picketralian Postal Service]], branded as PikPost, and an unemployment agency to assist low-income and homeless people find work. Third, create a 5% flat tax rate for low income, a 6.5% tax rate on the middle class, and a 7.25% tax rate on the wealthy. And finally, create a temporary government oversight agency to ensure fiscal responsibility and reinvestment protocols. All of this was to be reconsidered on June 5, 1013.

=== Initial failure and eventual revitalization ===