Lucrecia: Difference between revisions

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Lucrecia's currency, the [[denario]], is one of the few currencies in the world not to have been {{wp|decimal currency|decimalised}}, instead being divided under the ratio of 1:20:12, a rationalisation of ancient pre-decimal currencies. Notes are exclusively issued by the [[National Bank of the Republic]], the nation's {{wp|central bank}}, and coinage are exclusively minted by [[National Mint of the Republic]]. Because of Lucrecia's global connections and key position in global trade, the Denario is one of the strongest currencies in Vallos.

===~~Income, poverty and~~ wealth===

===Regional wealth disparity===

Although with one of the highest GDP per capita in the world, Lucrecia continues to have wealth disparity issues, which have been an issue plaguing the nation since its founding. Although wealth is not tightly concentrated in the hands of high income-earners, wealth has historically been concentrated in one of the two main regions of the nation. Before federalisation, wealth was mostly concentrated in the hands of the Emeritan elites and in the [[Emeritan Republic]]. However, with the advent of federalisation and globalisation, the economic centre of Lucrecia has shifted away from the stagnating and elitist Emeritan Republic and towards the [[Isurian Generality]] due to its more central location and potential for development. This disparity is only ~~going~~ to grow as the Isurian areas of the country continue to grow and develop economically.

Although with one of the highest GDP per capita in the world, Lucrecia continues to have wealth disparity issues, which have been an issue plaguing the nation since its founding. Although wealth is not tightly concentrated in the hands of high income-earners, wealth has historically been concentrated in one of the two main regions of the nation. Before federalisation, wealth was mostly concentrated in the hands of the Emeritan elites and in the [[Emeritan Republic]]. However, with the advent of federalisation and globalisation, the economic centre of Lucrecia has shifted away from the stagnating and elitist Emeritan Republic and towards the [[Isurian Generality]] due to its more central location and potential for development. This disparity is only predicted to grow as the Isurian areas of the country continue to grow and develop economically and remain the focal point of international trade.

To help combat this without changing its economic policies, the Lucrecian government has been giving the Emeritan Republic a monthly stipend since 2030 to aid in keeping the region's economy from further stagnating. These stipends, although met with support from most parties, has seen its greatest opposition from the [[United Isurian Caucus]], particularly from the [[Party for an Independent Generality|PXI]], seeing it as a considerable drain on the Generality's finances. Most [[Isurianism|Isurianists]] wish to either turn Lucrecia into a {{wp|confederation}} or, if that is not possible, {{wp|secede}} the Generality from Lucrecia; one of the most well-known Isurianist slogans is "Isurian money for Isurians; no more stipends!" in reference to their most brought-up talking point in elections.

====Housing====

~~With high amounts~~ of ~~investment into Lucrecian property~~, real estate values have risen sharply since ~~2000. Exacerbated by limits~~ of land ~~area and the limited number of public~~ housing units ~~available, the city-state today~~ has a ~~remarkably low rate of~~ home ownership~~. Over 67% of~~ the ~~nation’s housing stock comprises private permanent housing~~, with ~~only 10~~% ~~and 23% being subsidized or public housing, respectively~~. ~~As private housing is primarily purchased as an investment by higher income groups~~, ~~housing for~~ the ~~average Lucrecian accounts for over 41% of household expenditure. This~~ has ~~led rise~~ to ~~the term sandwich class, referring~~ to a middle-class income group ~~which does~~ not qualify for ~~public assistance~~, ~~yet is~~ not ~~able~~ to ~~afford private residences~~.

The wealth disparity between the regions can also be seen in real estate. In the wealthy Isurian Generality, the rate of home ownership has risen sharply since the late 1990s as wages in the region began to surpass that of their counterparts in the Emeritan Republic, with the most recent figures indicating a home ownership rate of 83% in the Generality. In the Emeritan Republic, although real estate values have risen sharply since the early 2000s, wages in the region have been stagnant since the 1980s and there exists a lack of open land to build additional housing units which has led to a decline in home ownership rates in the Emeritan Republic, with most recent figures estimating a home ownership rate of 57%. Since 2018, the term "high working class" has emerged to refer to a growing middle-class income group that are not impoverished enough to qualify for welfare, but are still not affluent enough to own their own homes.

According to the office of the ~~Auditor-General~~, this can be primarily traced back to the ~~government’s lack~~ of ~~recent interference in~~ the ~~economy. During~~ a ~~wave~~ of ~~immigration in~~ the ~~1960s and 70s,~~ the ~~nation constructed large amounts of public housing~~. ~~By 1989, over half~~ of the ~~housing stock was public or subsidized. However, in recent years, there has been a~~ lack of political will for the ~~construction~~ of new ~~developments, which may be due~~ to the ~~increasing influence~~ of ~~foreign and local elites within Lucrecian~~ politics.

According to the office of the [[Censor of Lucrecia|Censor]], this disparity in housing can be primarily traced back to the transfer of the nation's economic centre from the Emeritan Republic to the Isurian Generality and a lack of government intervention for fifty years until the introduction of the stipends. The lack of government intervention can be linked to the lack of political will for keeping the Emeritan economy from stagnating, especially with the rise of the first generation of Isurian elites in Lucrecian politics who sought to prevent any form of welfare for the Emeritans from being enacted. With the rise of the second generation of Isurian elites, this approach has been softened considerably as these new elites grew up with little to no memory of the years of Emeritan dominance in national politics.

==Military==

@@ Line 232: / Line 232: @@
 Lucrecia's currency, the [[denario]], is one of the few currencies in the world not to have been {{wp|decimal currency|decimalised}}, instead being divided under the ratio of 1:20:12, a rationalisation of ancient pre-decimal currencies. Notes are exclusively issued by the [[National Bank of the Republic]], the nation's {{wp|central bank}}, and coinage are exclusively minted by [[National Mint of the Republic]]. Because of Lucrecia's global connections and key position in global trade, the Denario is one of the strongest currencies in Vallos.
-===Income, poverty and wealth===
+===Regional wealth disparity===
-Although with one of the highest GDP per capita in the world, Lucrecia continues to have wealth disparity issues, which have been an issue plaguing the nation since its founding. Although wealth is not tightly concentrated in the hands of high income-earners, wealth has historically been concentrated in one of the two main regions of the nation. Before federalisation, wealth was mostly concentrated in the hands of the Emeritan elites and in the [[Emeritan Republic]]. However, with the advent of federalisation and globalisation, the economic centre of Lucrecia has shifted away from the stagnating and elitist Emeritan Republic and towards the [[Isurian Generality]] due to its more central location and potential for development. This disparity is only going to grow as the Isurian areas of the country continue to grow and develop economically.
+Although with one of the highest GDP per capita in the world, Lucrecia continues to have wealth disparity issues, which have been an issue plaguing the nation since its founding. Although wealth is not tightly concentrated in the hands of high income-earners, wealth has historically been concentrated in one of the two main regions of the nation. Before federalisation, wealth was mostly concentrated in the hands of the Emeritan elites and in the [[Emeritan Republic]]. However, with the advent of federalisation and globalisation, the economic centre of Lucrecia has shifted away from the stagnating and elitist Emeritan Republic and towards the [[Isurian Generality]] due to its more central location and potential for development. This disparity is only predicted to grow as the Isurian areas of the country continue to grow and develop economically and remain the focal point of international trade.
+To help combat this without changing its economic policies, the Lucrecian government has been giving the Emeritan Republic a monthly stipend since 2030 to aid in keeping the region's economy from further stagnating. These stipends, although met with support from most parties, has seen its greatest opposition from the [[United Isurian Caucus]], particularly from the [[Party for an Independent Generality|PXI]], seeing it as a considerable drain on the Generality's finances. Most [[Isurianism|Isurianists]] wish to either turn Lucrecia into a {{wp|confederation}} or, if that is not possible, {{wp|secede}} the Generality from Lucrecia; one of the most well-known Isurianist slogans is "Isurian money for Isurians; no more stipends!" in reference to their most brought-up talking point in elections.
 ====Housing====
-With high amounts of investment into Lucrecian property, real estate values have risen sharply since 2000. Exacerbated by limits of land area and the limited number of public housing units available, the city-state today has a remarkably low rate of home ownership. Over 67% of the nation’s housing stock comprises private permanent housing, with only 10% and 23% being subsidized or public housing, respectively. As private housing is primarily purchased as an investment by higher income groups, housing for the average Lucrecian accounts for over 41% of household expenditure. This has led rise to the term sandwich class, referring to a middle-class income group which does not qualify for public assistance, yet is not able to afford private residences.
+The wealth disparity between the regions can also be seen in real estate. In the wealthy Isurian Generality, the rate of home ownership has risen sharply since the late 1990s as wages in the region began to surpass that of their counterparts in the Emeritan Republic, with the most recent figures indicating a home ownership rate of 83% in the Generality. In the Emeritan Republic, although real estate values have risen sharply since the early 2000s, wages in the region have been stagnant since the 1980s and there exists a lack of open land to build additional housing units which has led to a decline in home ownership rates in the Emeritan Republic, with most recent figures estimating a home ownership rate of 57%. Since 2018, the term "high working class" has emerged to refer to a growing middle-class income group that are not impoverished enough to qualify for welfare, but are still not affluent enough to own their own homes.
-According to the office of the Auditor-General, this can be primarily traced back to the government’s lack of recent interference in the economy. During a wave of immigration in the 1960s and 70s, the nation constructed large amounts of public housing. By 1989, over half of the housing stock was public or subsidized. However, in recent years, there has been a lack of political will for the construction of new developments, which may be due to the increasing influence of foreign and local elites within Lucrecian politics.
+According to the office of the [[Censor of Lucrecia|Censor]], this disparity in housing can be primarily traced back to the transfer of the nation's economic centre from the Emeritan Republic to the Isurian Generality and a lack of government intervention for fifty years until the introduction of the stipends. The lack of government intervention can be linked to the lack of political will for keeping the Emeritan economy from stagnating, especially with the rise of the first generation of Isurian elites in Lucrecian politics who sought to prevent any form of welfare for the Emeritans from being enacted. With the rise of the second generation of Isurian elites, this approach has been softened considerably as these new elites grew up with little to no memory of the years of Emeritan dominance in national politics.
 ==Military==

Lucrecia: Difference between revisions

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