Messages posted by: Netvalar

Cool managed to buy up some iron now I won't need to fight level 1 aliens to gather enough iron to make the needed steel. More of the other materials are now on market too but need funds and or sales to be able to purchase.

well import/export is too expensive for basic materials but a country message sent out would be nice in regards to selling materials collected from battles

Currently the market is out of Iron and there is none to mine in London. Also running low on steel in the market. We have several products that require steel so we need more iron sold on the market. 2 things that could help with this is if someone has a trade company in Romania, Hungary where the price is below 1.4 GBP and can buy iron there to sell here, and a country wide message sent out explaining to our citizens how to sell the basic materials they collect fighting aliens.

spending x3 but we don't really need to balance out the budget to 0??? If that is the case then no reason to decrease the level advance bonus or work bonus. Though a small decrease could still be helpful. And if we aren't worried about balancing to 0 then we need to think about at what point additional money needs to be printed, I would think when GBP on hand gets down to 25k or 30k??

Someone was planning to start a transportation company but didn't do so. As such I have a transportation machine on market for 1200 GBP if someone else wanted to start one, otherwise once I get leather up and running I may do so myself

I wanted to start the discussion on Junes budget sooner this month giving us a full week before budget proposals start to be made. Last month we voted and I do believe passed the Sales Tax Separation Bill (http://forum.goldenbattles.com/forum/posts/list/140.page), so along those lines I will start this discussion.

This month when our countries resources were renewed I notice they are quite a bit low. To help stimulate the trading of basic materials I have a 3 fold thought.
1) Reduce sales tax of basic materials to 0.01 or 0.00 increase the advanced materials tax to 0.1 to help recoup this reduction.
2) Increase importation of basic materials by reducing import tax to 0.02
3)Send a country message listing the basic materials gained from fighting along with how to sell them on market.

Keeping in mind that the fight bonus is costing our treasury I suggest we increase the fighting tax (weapons/armor) to 1 GBP to help offset those costs (this will only slightly offset them but every bit counts)

I currently don't have much thoughts on the rest of the sales taxes but feel free to add them to the discussion with your own thoughts.

I wanted to start the discussion on Junes budget sooner this month giving us a full week before budget proposals start to be made. Last month we didn't get far on the May bonus proposal which focused on level advance bonus. Though we did stimulate the economy with the fight bonus increase to 2 GBP, I feel that the fight bonus should remain high enough to continue to stimulate the economy, however base it on the cost of LQ pistil currently running at 350GBP. This then brings the fight bonus down to 1.75 GBP.

While the level advance bonus closely relates to fighting (i.e. exp points) we should drop it, last month I suggested a 40% decrease for June I feel that a further drop should be thought of maybe 12GBP just slightly over 50%.

Lowering the level advance bonus won't cover the costs of continuing to have a high fight bonus we can help cover that by decreasing the work bonus by 40% down to 15GBP. Well now that I have my thoughts here what do you all think????

I vote yes

Suggested Amendment for this proposal [Amendment to] May Budget (http://forum.goldenbattles.com/forum/posts/list/143.page)I believe if this amendment is passed then the May budget should pass as well, since IMO it makes sense for the month of May and we can see where we stand for any other changes for the month of June.

It would appear that with my vote in favor of [House Proposal] Sales Tax Separations (http://forum.goldenbattles.com/forum/posts/list/140.page) it will pass. So I then suggest this amendment to [House Proposal] May Budget (http://forum.goldenbattles.com/forum/posts/list/136.page) For a better balanced sales tax.

Materials Tax - No change
Food/Drink Tax - From 0.05 to 0.10
House.Transportation Tax - From 0.05 to 1.00
Fighting tax (armor/weapons) - From 0.05 to 0.25
Machines tax - From 0.05 to 1.00
Clothing/Equipment tax - From 0.05 to 0.25

I believe if this amendment is passed then the May budget should pass as well, since IMO it makes sense for the month of May and we can see where we stand for any other changes for the month of June.

May I suggest we separate out the non material companies from the list? Rather then a new thread just put a space between the material companies and the non material companies

Well not being able to do anything with the gold which was part of my math when thinking of burning the 10% GBP though we can still discuss the burning and pass or fail that part of the proposal

Karlonia wrote:

Finally, what exactly happens if the budgets are never balanced and the treasury runs out of GBP, or even runs out of money altogether? Do things like fight bonuses and work bonuses stop being paid until there is money in the treasury again? Does the game have any specific rules or provisions for bankruptcy of a country/government? Is it possible to have deficit spending by issuing bonds, creating new currency, or other "quantitative easing" measures like governments are prone to do in real life?

I have always been curious about many of these finance-related issues but I have not yet seen any tutorial or guide that really addresses any of this stuff, nor have I seen any discussion about it from Admin. I suppose this is another one of those things that will be improved upon and explained in greater detail as we progress through later versions of the game.

I believe if we run out of GBP in the countries coffers then we have to produce more GBP which would of the net result of lowering the value of our money. This would make our products more expensive compared to other countries and our income/bonus less compared to other countries. So we need to have a balanced budget then work towards a positive budget so that we can increase bonus and lower citizen taxes thus drawing more players to our country. Very complicated and working on the budget from month to month very slow but any quicker then that and we have a greater chance of making big mistakes.

Just completed make 3 new proposals

[House Proposal] UK Bank
[House Proposal] Sales Tax Separations
[House Proposal] May Bonus

Though they will affect the May Budget they really don't affect this specific proposal and thus aren't actually amendments. I'll wait to see if we get further discussion on this proposal today and then tomorrow if need be suggest a couple of amendments. We have only 1 week to get the budget finalized based on the timeline we agreed to last month.

As Karlonia mentioned in the May Budget proposal we are currently sitting on over 1,000 gold, also we had agreed to burn currency for April but due to circumstances couldn't do so for the amount we had suggested. So my UK Banking Proposal for May is 2 fold, and should result in a stronger GBP.

Exchange 1,000 gold to GBP
Burn 10% (rounded down to the nearest 1,000th) GBP

HOC Participation:

Andover: Discuss and vote x2
Lancelor: Discuss and vote x1
Karlonia: Discuss and vote x1
Morgan: Discuss only
Netvalar: Discuss and vote x1
TheOnlyKazm: Discuss and vote x1

Total Voting power: 6
Needed for passage: 4