Pre-bill: 'National Gold Reserve'

[Shiber]

As soon as the small wonder Wall Street is built, we'd need a treasury of 1,000 gold or more to make maximum use of it. I suggest that we define the last 1,000 gold in the treasury as a national gold reserve, and order the government by law to keep at least 1,000 gold in the reserve at all times, with the exclusion of emergencies, defined by the president, where some of the national gold reserve needs to be spent.

[Panzer32]

Why would you make it legal? If the government knows what is good for our civilization (as they are supposed to), would they not keep this 1000 gold reserve because they want to? Then there would not be legal battles and stuff if they deem it to be an 'emergency'.

[Kuciwalker]

I think this is a good idea.

Isn't the maximum gold you can get from Wall Street 50 gpt?

[Thud]

Because the Senate has the power to deal with budget issues and we're power hungry. Also, the cabinet is spend-happy. It seems to be the law.

EDIT: Yes, skywalkerm, I was under the impression that we would have to maintain it at 500 gp. I may be wrong.

[Kuciwalker]

It's 5%, not 10%. So to get the 50 gpt, we would have to have 1000. I was just wondering what the max was.

[Panzer32]

max is 50 gpt; at 1000 gold.

[Kloreep]

I guess this means no city rushes for a while. But it'll be worth it.

[Shiber]

Confirmed.

[Shiber]

Kloreep, we intend to move the slider to 0% next turn, before ToE is completed, in order not to waste beakers on a tech that we'd get anyway.

[Kuciwalker]

That's happy.

[ManicStarSeed]

Re: Pre-bill: 'National Gold Reserve'

Originally posted by Shiber
As soon as the small wonder Wall Street is built, we'd need a treasury of 1,000 gold or more to make maximum use of it. I suggest that we define the last 1,000 gold in the treasury as a national gold reserve, and order the government by law to keep at least 1,000 gold in the reserve at all times, with the exclusion of emergencies, defined by the president, where some of the national gold reserve needs to be spent.

I think this would make a wonderful bill.

I do have a few mods I would make for final bill form.....

defined by the president, where some of the national gold reserve needs to be spent.

I would put it.... " as defined by the president, who may spend from the national gold reserve as the situation dictates"

Either way it rocks and I would support it
(BTW.... Post soon as the new FAM, you will not be able to submit the bill.)

Mss

[Kuciwalker]

Unfortunately, any Senate Bill can override this bill by allocating funds to something.

[E_T]

Question, at what point in the build Wall Street build will this bill take effect. the monies only need to be available when WS is built, but can be built up while it's being built. Unless a GL is used for the build.

E_T

[roadcage]

Another bad unnecessarily restrictive bill. You better plan on over 2/3rds vote for it is hard to imagine an executive that would not VETO this.

[Shiber]

Restrictive? Why?
In terms of law, it changes nothing. The president is already in charge of allocating funds. If he wishes, he can allocate funds from the reserve, only now he has to declare an emergency when he does that, which would take half a minute of his time.
A good president would not reduce our treasury below 1,000 gold after we have built Wall Street unless he has good reasons, and for those reasons he can declare an emergency.

To sum up, the only difference is that the president will have to provide a reason for any spendings that will take us below 1,000 gold. He doesn't need to be right, or convincing, he just has to have a reason.