Strong Economy

Fighting for a Sierran budget

Fulfilling legislative expenditures. Biggest historical tax rate reductions. A surplus of two billion dollars. What do these characteristics have in common? They can all be found in SB-06-45, or the 'State of Sierra Fiscal Year 2020 Budget' Act, a bill drafted by the Sierran Assembly's Committee of the Budget overseen by Speaker of the Assembly Brilliam J. Chaotic.

If elected Governor of Sierra, Speaker Chaotic fully intends to fight for the passage of this budget that works for all Sierrans until the moment it reaches his desk for signature. While deliberation and the eventual decision on the budget rests in the hands of the legislative branch of the Sierran state government, it is agreed upon by the bipartisan members of the Sierran Assembly that a budget for Fiscal Year 2020 is necessary, and as Speaker Brilliam J. Chaotic laid out on the Assembly floor during debate surrounding the proposed budget, there is no good reason to oppose it.

In the future, keeping track of legislative and executive expenditures for an updated budget for the Sierran state government will be a responsibility undertaken wholeheartedly by a Governor Chaotic administration, as his personal experience on the Committee of the Budget has taught him that recordkeeping is better for all parties involved, especially when it involves funding the entire state government.

Implementing a Negative Income Tax

The current welfare system isn't working. It is bloated, inefficient, and corrupt. Furthermore, it disincentivizes social mobility through the phenomenon known as a "welfare cliff". A welfare cliff occurs when benefits phase out rather abruptly or not gradually enough when a recipient records increases in their net income, leading to a loss of benefits that can be much greater than the increase in net income, disincentivizing work. A Negative Income Tax, however, under a Governor Brilliam J. Chaotic avoids this pitfall by ensuring that total benefits plus next income will never decrease. This encourages Sierran citizens to save and work their way up the social ladder while still providing them with a generous economic safety net.

Additionally, a Negative Income Tax removes the large and sluggish bureaucracy of welfare programs and replaces it with a sleek and simple management system. Instead of paying social workers to keep tabs on welfare recipients, secretaries to file stacks of paperwork, and plenty of bosses to keep them all in line, the Negative Income Tax requires only one thing: a couple of secretaries to mail out checks based upon the tax returns of Sierran citizens. Not only can this be done by the existing Sierran tax offices, it doesn't require hundreds of thousands of hours of labor. While conventional welfare programs continue to waste seventy percent of all spending on overhead, a Negative Income Tax program will deliver more money to more people at a lower cost.

Liberalizing licenses for employment

While the passage of the 'Barbering and Cosmetology Liberalization' Act, or SB-05-27 was a massive step forward for Sierran professionals, there is still work to be done, as represented in the 'Sierran Licensing Reform' Act, or SB-06-38.

Current Sierran law tightly regulates hundreds of professions, establishing seemingly nonsensical requirements on even the most innocuous professions, best portrayed in the example that some licensing requirements are nothing more than a fee to be paid by mailing a bureucratic agency payment before recieiving the needed license, a grift of Sierra's citizens if there ever was one.

As your Governor, Brilliam J. Chaotic will fight against overregulation and for small business owners and professionals everywhere. The best market is a free market, and cutting red tape to allow all business breathing room to grow and expand means more Sierrans employed, more money invested in the State of Sierra's economy, and an overall increased economic output to be proud of.

Creating incentives for market expansion

The current corporatist economy in Sierra isn't working efficiently. The regulatory hand of the government has jammed itself into every crevice and corner of the market and has used its power to pick winners and losers. Not only is this inefficient, but it also breeds corruption. Thankfully, we can fight back against it by fostering a more business-friendly environment.

Liberalizing zoning laws, cutting corporate taxes, and slashing unreasonable regulations are just a few things that can be done to alleviate the strain on Sierra's economy. Already, Speaker of the Assembly Brilliam J. Chaotic, together with his Lt. Governor Programmatically Sun VII, have been fighting against the abuse of local zoning laws that stifle growth. Land is an important part of the market, and it is important that development remains free and open to generate economic growth.

Additionally, Chaotic and Sun's bipartisan budget bill fosters a more pro-business environment by lowering the Land Value Tax by over sixty percent, and balancing revenue collection with economic growth and development. Indeed, it may be considered one of the most pro-growth budgets of the century. As your Governor, Speaker Chaotic will fight for the passage of the budget and for a free and open economy that works for Sierrans.

Establishing community investment opportunities

All Sierrans are intended to benefit under a Sierra with freer markets and more open avenues of social mobility. Ergo, Sierran state government policy ought to best reflect that, and with SR-06-68, or the 'Native American and Alaskan Native Community Enrichment' Act, as well as planned expansions, businesses are incentivized to invest their expanded profits into more hospitable areas that would present profitable economic expansion both for the investor but the investee as well.

Although the current proposed legislation only establishes a community enrichment zone in Native American and Alaskan Native communities recognized by either the state or Federal government, under a Governor Brilliam J. Chaotic this program could see equal expansion among all communities that reach a certain threshold.

This investment program through incentivization will lead to more small businesses, not to mention increased minority representation in the economic boom that would follow the policies of a Governor Chaotic administration of the State of Sierra.