Sunday, June 24, 2007

Proposal: The problem with debt

6-2. Reached Quorum.—Chronos

Adminned at 26 Jun 2007 09:36:08 UTC

Add this text to the end of the Rule entitled “Money”:

Immediately after anyone, including but not limited to the Government, Advances Time, any Corporation with a negative amount of Cash has eir Cash multiplied by 1.1 and rounded to the nearest $1M.

Comments

ChronosPhaenon:

25-06-2007 02:24:04 UTC

for

Clucky: he/him

25-06-2007 03:03:35 UTC

against

If people in debt must pay interest, people with monies should gain interest.

Kevan: he/him

25-06-2007 11:52:47 UTC

for

Rodney:

25-06-2007 13:44:02 UTC

against How is anyone ever going to get a subsidiary?

Kevan: he/him

25-06-2007 14:12:29 UTC

Doesn’t this make it easier to buy out subsidiaries? It’s multiplying negative cash…

Brendan: he/him

25-06-2007 16:46:42 UTC

for

Chivalrybean:

25-06-2007 19:55:12 UTC

for

BobTHJ:

26-06-2007 06:07:34 UTC

for

Josh: Observer he/they

26-06-2007 12:38:13 UTC

for Clucky: positive interest can easily be proposed.

Rodney:

26-06-2007 14:46:14 UTC

But the more negative cash a corporation has, the more cash it takes some other corporation to buy it out. And, if some corporation has a huge credit limit, then summons a daemon and fails to pay it, it might never be bought out.