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[House Proposal] Government Fiscal Balancing
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Andoversr

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Joined: 08/03/2013 03:06:43
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I wanted to get the House rolling on a proposal for the new government in April, I myself do plan on running and will propose the finished result of this as a member of government.

Note: If you wish to make amendments please indicate so we can have a seperate thread for recording Amendment votes since this WILL be a large proposal.


Fiscal Budget for April 2013

Sales Tax ALL GOODS 0.01 to 0.05
Currency exchange Tax 1.00 to 2.00
Wage Tax 25.00% to 30.00%
Level Advance Bonus 50.00 to 25.00
Work Bonus 50.00 to 25.00
Fight Bonus 1.00 to 0.50
Import tax 0.01 to 0.1
Country Currency Amount 100,000 to 50,000


Reasoning:

Currently the budget is losing more than its gaining, although the exchange value hasnt gotten worse this hopefully will balance the budget.

One note I want to make about the work bonus and Level advance and fight bonus Once the amount of GBP drops from 100,000 to 50,000 the exchange rate will drop to round 50, keeping the relative value of these bonuses the same

Thoughts?


House of Commons members allowed to participate:

Andover: May discuss and vote x 1
Lancelor: May discuss and vote x 1
Karlonia: May discuss and vote x 1
Morgan: May discuss only
Netvalar: May discuss and vote x 1

Total Voting Power: 4
Votes needed for Passage: 3

This message was edited 3 times. Last update was at 27/03/2013 20:15:43

Netvalar

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Joined: 27/03/2013 07:09:43
Messages: 61
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amendment proposed http://forum.goldenbattles.com/forum/posts/list/99.page

Oh and discuss I feel the level bonus should remain the same it will continue to help the new citizens and as they raise in level the cost to our budget diminishes as it takes longer to raise levels. In fact I think we should watch over this for 1 month and see if we can't raise it to 60 at later time. New players are already having problems with funds and decreasing this effects them more then the rest of us. Similar to real life where the poor are more effected by a tax then the rich.

This message was edited 1 time. Last update was at 27/03/2013 20:23:35

Andoversr

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Joined: 08/03/2013 03:06:43
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Duly noted, as with the main proposal the amendment needs 3 votes to pass.


hmm, true, but keep in mind that the level bonus will then be equal to about 1 gold, and if we get a large inflow of players like Romania we could end up losing not only our GBP but having our gold levels decrease as well.

This message was edited 1 time. Last update was at 27/03/2013 20:27:16

Netvalar

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Joined: 27/03/2013 07:09:43
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To insure a better understanding of how the decreased GBP from 100,000 to 50,000 would effect the overall economy I want to add this information as Andoversr explained to me via messaging and now makes sense to me.


Right now we have over 1000 gold and 100,000 GBP meaning our exchange rate is just under 100 GBP to a gold, if the GBP in circulation drops then the exchange rate drops to about 50 GBP to a gold, effectively making the level and work bonus equal to 1 gold.
Andoversr

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Joined: 08/03/2013 03:06:43
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What lower GBP -> Gold Means

*Workspaces will be more expensive for companies since 0.01 euro will be worth more GBP
*Conversion rates will drop to 50 GBP to 1 gold, meaning obtaining gold will be easier relatively speaking
*Other currencies will be worth less when exchanging to GBP and GBP will be worth more when exchanging to other currency


While business owners might not like the higher cost it will stimulate trade and exchanges which will overall strengthen our economy and if our people are making gold and euro's easily so will the business owners when their goods sell and will make it easier for company owners to turn their profits into gold and then euro.
Andoversr

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Joined: 08/03/2013 03:06:43
Messages: 139
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bump so Karlonia and Lancelor come and comment / vote

This message was edited 1 time. Last update was at 28/03/2013 06:11:53

Lancelor

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Joined: 19/02/2013 13:01:06
Messages: 7
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Hello to everyone just my 2 cents here. First of all the changes look ok to me. Like anything if the country is losing money it needs to be balanced. As for new players agreed its tough at first but the reality is the solution is them investing just a bit of money into the game to cover initial costs. Even someone who hasnt played a game like this before (myself included) and would be nervous about investing, has no reason not to put even 10 euros of real money so they afford to get going in the game assuming they are serious about playing. So assuming the above changes cover the UK's costs overall they have my vote.

Regards Lance
Andoversr

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Joined: 08/03/2013 03:06:43
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I vote in favor, I believe this passes then.

 
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