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«12. . .47,37047,37147,37247,37347,37447,37547,376. . .51,80651,807»

Tangostan-pentra

SouthDog wrote:Pls buy page=deck/card=180436/season=2

No I am poor

🦉 Office of WA Legislation Notification (OWL)

A new proposal has reached the voting floor in the General Assembly. OWL has written up a recommendation and posted it to our Dashboard.

GA: Minimum Payment Act
OWL Recommendation: For


Minimum Payment Act

Author:

Imperium Anglorum

Discussion Links:

Forum thread
LinkTSP Discord


Recommendation

OWL recommends voting FOR the at-vote resolution, "Minimum Payment Act". The Delegate has been asked to cast their vote accordingly.

Please find below the Office's Analysis for an examination of the resolution and the reasons for the final recommendation.


The Office's Analysis

More or less directly understandable to non-economists, the "Minimum Payment Act" ultimately codifies what most would consider common sense. It orders that for business such as private loans, the loan-giver may not set the minimum payment to be below the sum of money that would be owed additionally due to incurred interest; furthermore, as a disincentive for loan-givers who consider ignoring this threshold, any set payment below this bar is to be considered to have met it, effectively netting delinquent loan-givers the loss of the incurred interest.
While this all may sound intimidating at first, the Office finds the author's simplified example calculation extremely helpful. In case the interest incurred is not wholly covered by a payment, the effective sum owed to the loan-giver increases ‒ which, in turn, increases the sum of the interest on the loan and, if repeated for a few periods of the loan repayment, sends the borrower down a spiral of ever-increasing debt.
The proposal tackles this unacceptable practice very effectively. Particularly, the treatment of any non-compliant payment as a compliant payment is a quite strong argument for loan-givers to adhere to the resolution's terms ‒ after all, the non-paid interest would be forfeit, and what stronger incentive to comply is there for a professional loan-giver, other than the very fate of their profits?

Thus, OWL recommends to vote FOR the at-vote resolution, "Minimum Payment Act".

Read dispatch


---------------------------------------------------

Want to take part in OWL discussions and decide on how TSP's WA Delegate casts their weighted vote? Come join OWL on TSP's Discord server!

Mainpolis

Kira yukako wrote:no, look what i did

wait

am I the BOUNTY?!?!

Anime image

Post by The free moderators suppressed by a moderator.

Antony land

The free moderators wrote:Hi

Hello

The free moderators

NBBC News:

A New Prime Minister

Rep. Elizabeth Mary of the Social Democratic Party becomes the first prime minister of the country.

And the third prime minister in the nation's history.

The free moderators

Post self-deleted by The free moderators.

Post self-deleted by The free moderators.

Post by The free moderators suppressed by a moderator.

Post by The free moderators suppressed by a moderator.

oh great, you're here too?

Altnavia and Anastasia-bolivar

The free mods? And banned right away? I wonder what they were up to.

Communist Beijing Must be China wrote:oh great, you're here too?

Who?

Altnavia wrote:The free mods? And banned right away? I wonder what they were up to.

Who?

JOHN CENAAAAA

Ave nation

I have returned...

Altnavia wrote:The free mods? And banned right away? I wonder what they were up to.

Who?

Oh, they were trying to spread the news that the mods are horrible.

They arguments are literal dogwater tbh

Communist Beijing Must be China wrote:Oh, they were trying to spread the news that the mods are horrible.

They arguments are literal dogwater tbh

And then they try for ban appeal. Tsk, tsk, tsk.

Ave nation

Anyone saw this nation (Ave nation) return?

Ave nation wrote:Anyone saw this nation (Ave nation) return?

Who are you?

Ave nation

Communist Beijing Must be China wrote:Who are you?

Sighs

Yoohoosia, Tipitb, Erataionai, Ibxyna, Natecayo,
Basketcasel0l,
Country12345. (Not the ancient.)

*evil laugh intensifies*
Mwuahahahahahaha!

Takeraki Tomodoka 2 wrote:*evil laugh intensifies*
Mwuahahahahahaha!

So someone is active

Trivalve wrote:So someone is active

very

Good morning gentleman

Superlols wrote:Good morning gentleman

No, its too good of a morning.

I want it to be an evil morning

«12. . .47,37047,37147,37247,37347,37447,37547,376. . .51,80651,807»

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