Gabriel's Economic Plan Part A

[Crow]

Originally Posted by excaliber7388

I don't think you can have too much money, but it is possible that the money isn't spread evenly enough.

You do know what inflation is though?

[excaliber7388]

Originally Posted by Crow

You do know what inflation is though?

Can't fight it online, other than having people lose money.
Taxes on the wealthier would be a good thing.

[xAzerothx]

Runescape's economy is terrible too.

[Unpredlctable]

As an expert in this field with a Master's Degree in Macro and Microeconomics, I hold that this plan is indubitably useless.

[Chris]

Originally Posted by xAzerothx

Era needs communism.

Tried and failed. Capitalist pigs defeated the commies at the battle of In Front of the Hospital.

[LoneAngelIbesu]

Originally Posted by DustyPorViva

Tax in real life has a purpose -- to give money to the government. In Era, where there is no government, and the taxed money just disappears... well, why not just lower income? The outcome would be the same.

Good point. I know that in Valikorlia taxes would actually go somewhere, as there are multiple player-run governments. But, on any other server? Yeah, you might as well just lower incomes or raise prices.

[excaliber7388]

Simple: make more things to buy at the higher levels. Make them expensive, and put them at a set price, so people will have to lose money if they want to resell anything. Also, put them in high quantity, so no one can buy the entire stock.

[xXziroXx]

Originally Posted by DustyPorViva

well, why not just lower income? The outcome would be the same.

No, it wouldn't. Sure, it'd "remove" money at the same pace as taxes from wealthy players, but it'd stop newbies from earning anything.

[DustyPorViva]

Originally Posted by xXziroXx

No, it wouldn't. Sure, it'd "remove" money at the same pace as taxes from wealthy players, but it'd stop newbies from earning anything.

No, I was talking about taxing payments(AKA real life).
No matter how rich you are, you're still getting the same income as everyone else for jobs.

[Kappa00p2p]

Just cap the maximum amount of money that can be put into a bank account. Players will just have to carry any additional money on them.

[Demisis_P2P]

Originally Posted by excaliber7388

Simple: make more things to buy at the higher levels. Make them expensive, and put them at a set price, so people will have to lose money if they want to resell anything. Also, put them in high quantity, so no one can buy the entire stock.

Creating a lot of expensive items doesn't fix the main problem, which is:
unlimited "supply" (since most expensive items never break and can be traded around forever) and limited demand.

The obvious solution: make items break.
But it needs to done carefully, in a way that isn't too intrusive or annoying.
eg. making guns stop working completely when they're "broken" is too intrusive.

Originally Posted by Kappa00p2p

Just cap the maximum amount of money that can be put into a bank account. Players will just have to carry any additional money on them.

With a hard limit per account players with multiple accounts would have a massive advantage over other players.
One idea that I have thrown around is limiting bank accounts initially and then charging players to upgrade their bank account to let them store more money.

i.e. You can only store $5,000, until you pay $500 to increase your bank limit to $10,000.
Then another $1,000 to increase it to $15,000.
$1,500 to increase it to $20,000.
$2,000 to $25,000.
Etc.

Microeconomically it'd make sense to stop expanding at $55,000; when you'd be paying $5,500 to increase your bank limit by $5,000. But macroeconomically you'd basically be driven to expand it as long as you can make more money to store (forever).

[Sinkler]

I like all of your ideas, but here's the thing, because of the mining prices going down, people don't want to mine as much. So mining is left for business. My other idea would to add an oil business. Because oil is used to make most products and it would add to realism. 2 Competing Oil Companies

[Demisis_P2P]

Originally Posted by Sinkler

I like all of your ideas, but here's the thing, because of the mining prices going down, people don't want to mine as much. So mining is left for business. My other idea would to add an oil business. Because oil is used to make most products and it would add to realism. 2 Competing Oil Companies

Oil isn't used to make any products. Grabs are used to make products, and grabs are free.

[excaliber7388]

Okay, I see a few problems:
-Money doesn't have much value
-It takes too long to make money from the jobs, so people sell guns for too high of prices, making the problem worse. Make the jobs better. This will also equal out the value of money between noobs and the richer crowd.

So, here's what you do:
-Make the jobs provide more money (and things like mining levels take less time)
-Tax money in the bank (%3 per day?)
-Increase drop rate on money, so people need to use the bank
-Make banking free otherwise, so everyone uses it

[cbk1994]

Originally Posted by excaliber7388

Okay, I see a few problems:
-Money doesn't have much value
-It takes too long to make money from the jobs, so people sell guns for too high of prices, making the problem worse. Make the jobs better. This will also equal out the value of money between noobs and the richer crowd.

So, here's what you do:
-Make the jobs provide more money (and things like mining levels take less time)
-Tax money in the bank (PERCENT3 per day?)
-Increase drop rate on money, so people need to use the bank
-Make banking free otherwise, so everyone uses it

What kind of bank taxes you? Normally you get interest, not taxed.