The Domestic and Foreign Accounts of the Council State are special accounts that are specifically related to its other finances. Some of these finances pertain to the Socialist Nation’s overall Expenditures, its Sovereign Schuld and other sources of Arbeit and Geld. Some are related to how much the Council State contributes to the Life-Energy Reserve through International Trade under Real Trade Agreements. The rest of the Domestic and Foreign Accounts concern the development of Technology and, assuming the World State Organization (WSO) does not already exist, whatever Kapital that Socialist Nation happens to be gaining from trading with Liberal Capitalist regimes and any other countries that are not relying on the Work-Standard.
Domestic Account: National Costs
National Spending: The combined total of all spending in the Socialist Nation. It represents the sum of State Spending, Social Spending, People’s Spending, and Personal Spending.
National Expenses: The combined total of all expenses in the Socialist Nation. It represents the sum of State Expenses, Social Expenses, People’s Expenses, and Personal Expenses.
Sovereign Schuld: The amount of Schuld owed by the Council State. The Council State begins to accumulate Schuld whenever it finds itself in the midst of a budgetary deficit. Outside of that notable instance, it often occurs whenever the Council State fails to pay its own State Expenses or whenever the Actual RPF Value is not on par with the Final TPP Value.
People’s Schuld: The amount of Schuld owed by the Totality. The Totality begins to accumulate Schuld whenever the SSE, VCS Economy, Reciprocal-Reserve Banking System and National Intranet find themselves in the midst of a budgetary deficit. It can also whenever either or all of them fail to keep their own Expenses and Spending under control.
Personal Schuld: The amount of Schuld owed by the Self. The Totality begins to accumulate Schuld whenever someone fails to keep their own Expenses and Spending under control.
Domestic Account: National Development
National Licenses: The amount of Actual Geld from the purchases of production licenses by other nations, the issuance of technical patents, and the maintaining of Intellectual Property. Intellectual Property under the Work-Standard fulfills a niche role as far as its conception of Property Rights is concerned. Intellectual Properties become capable of contributing Arbeit and Geld whenever a Self allows the State and Totality to develop Technology based on them.
National Technology: The amount of Actual Arbeit and Actual Geld or Digital Arbeit and Digital Geld from research and development and implementation of Technology developed in the Socialist Nation. Scientists, engineers, technicians, and others are always designing new inventions and applications, their endeavors supported by funding from the Council State’s Ministry of Science and Technology. The fiscal implications of those projects can be found here.
National Culture: The amount of Actual Arbeit and Actual Geld from economic activities related to the Totality’s expression of their National Culture. Examples may include, but are not limited to annual festivities, religious processions, historical reenactments, musical concerts and operas.
National Tourism: The amount of Actual Arbeit and Actual Geld or Digital Arbeit and Digital Geld from economic activities associated with the Tourist Industry, which is attached to the Services Sector of the VCS Economy. Museums, art galleries, attractions and amusement parks, casino gambling, religious pilgrimages, and access to the National Intranet by Foreigners are all notable examples that can be found here.
National Media: The amount of Actual Arbeit and Actual Geld or Digital Arbeit and Digital Geld from economic activities associated with State Media, Social Media, and Student Media. Every conceivable medium of mass communications and mass media can be found here.
Domestic Account: National Spending
RTA Spending: The amount of Actual Geld that the Council State must pay as a result of importing anything that is not required for a particular production process or transactional sale. Luxury goods, consumer goods, vehicles, aircraft, weapons, and other products that could just as easily be made in the Socialist Nation by the VSC Economy are all examples.
RTA Expenses: The amount of Actual Geld that the Council State must pay as a result of importing anything required for a particular production process or transactional sale. Natural resources and Equipmentalities required by the Manufacturing Sector is one example.
Foreign Aid: The amount of Actual Geld that the Council State has set aside to promote development the other nations. In a world order where Neoliberalism rules over most countries, the Socialist Nation will quickly discover that it is in its best interest to help other countries develop themselves to such an extent that they will be able to adopt the Work-Standard themselves.
Technology Costs: The amount of Actual Geld that the Council State has set aside to pay for the costs of deploying Technology, such as the procurement of production licenses from other nations or the maintenance of automated technologies required by the Central Bank. Remember, the Central Bank relies on automated technologies to implement the Mechanization Rate.
R&D Costs: The amount of Actual Geld that the Council State has set aside to pay for the costs of developing Technology. The scientists, engineers, technicians and others are not operating on a limitless budget. The Council State will eventually be expecting results from their endeavors.
Foreign Account: Foreign Reserves
SFR Account: The Sociable Foreign Reserve (SFR) Account refers to the Sociable Currencies that the Central Bank keeps for the Council State to trade with other nations that have already adopted the Work-Standard. As the Socialist Nation continues to prosper and thrive, it will eventually convince its neighbors and other countries in different parts of the world to adopt the Work-Standard, and the Council State will begin accumulating foreign Sociable Currencies.
KDM Account: The Kapital of Dirty Money (KDM) Account refers to any currencies that the Central Bank keeps for the Council State to trade with non-Neoliberal nations that have not adopted the Work-Standard yet. This will change when those countries adopt the Work-Standard.
KBM Account: The Kapital of Blood Money (KBM) Account refers to any currencies that the Central Bank keeps for the Council State to trade with Neoliberal nations. Like the KDM Account, the KBM Account will disappear once the World State Organization is established.
Foreign Account: Foreign Development
Economic Foreignization: The value of Arbeit and Geld from products created by Foreign Enterprises and later sold to the Council State through transactional sales under the terms of a Real Trade Agreement. At least half of the Arbeit and Geld goes to the Foreign Enterprise, the other half going to the Socialist Nation’s Life-Energy Reserve.
Social Foreignization: The value of Arbeit and Geld from products created by State and Social Enterprises and later sold to Foreigners or Foreign Enterprises through transactional sales under the terms of a Real Trade Agreement. At least half of the Arbeit and Geld goes to the Foreign Enterprise, the other half going to the Socialist Nation’s Life-Energy Reserve.
Net Foreignization: The value of Arbeit and Geld contributed to the Life-Energy Reserve by Foreigners and Foreign Enterprises, regardless of their country of origin. Anyone who visits the Socialist Nation for work or study and any Foreign Enterprises that happen to be operating in the Socialist Nation will eventually be committing their Life-Energy toward the contribution of Arbeit and Geld to the Life-Energy Reserve. Exactly how much may be dependent on the terms of a Real Trade Agreement with their country of origin.
Foreign Account: Foreign Spending
RTA Revenue: The amount of Arbeit and Geld from all production processes and transactional sales conducted under the terms of a Real Trade Agreement. For every conceivable economic activity that the Socialist Nation does under an RTA, at least half of the Arbeit and Geld is contributed to the Life-Energy Reserve.
RTA Income: The amount of Sociable Currencies and non-Sociable Currencies that the Socialist Nation has gained from economic activities under the terms of a Real Trade Agreement. It represents the sum total of the SFR Account, KDM Account and KBM Account.
Development Aid: If the Socialist Nation, for whatever reason, happens to find itself requiring foreign aid from other countries, the value of that foreign aid can be found here. This also includes any weapons, vehicles, aircraft, warships, natural resources, tools, machinery, and so forth.
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