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GE Tax on high value trades.

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H 1 L D A
Apr Member 2020

H 1 L D A

Posts: 1,666 Mithril Posts by user Forum Profile RuneMetrics Profile
Man, Dilbert, I don't even have enough money to dream about a phat, I'm not the largest fan of merchers, and I also really like that the G.E. tax is in place to alleviate death costs being so high because I'm bad at PvM,... but I have to say extremely high value items should have a tax limit, as a matter of principal.

It's better to encourage the G.E. to be used as a medium. Reduces the chance of scamming while encouraging players to actually make a purchase for such an item if that is their prerogative.

In order to be pro-free-market, you do need to encourage people to buy.
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13-Jun-2023 02:17:30

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
BrunoNutto said :
Dilbert2001 said :
BrunoNutto said :
Dilbert2001 said :
TzKok-Fat said :
A tax of over 1 billion per trade is too much as it strongly discourages people from trading high value items on the GE. If the tax is capped at say 100M (still 2x as much as the previous maximum tax paid), people will trade valuable items on the GE more frequently. This would benefit everyone as it would increase the trading volume and the total amount of tax paid (but paid in many smaller chunks instead of a few big ones).

I don't think many will trade phats on the GE anyway. When they aren't going to pay GE tax, it won't matter how high it is.

For the usual necessities we normally will trade like FSOA, 2% of 3 bil is merely 60 mil gp. It is almost nothing to those who get them often as this is just the cost of couple of housrs of upkeeps for their pvm gear, and I am not even talking about death cost.

People should actually be encouraged to trade Party Hats on the GE rather than direct trading between players. That way a lot of scamming and manipulation would be removed from the game.

Supposedly Jagex wants that but it seems a strange way of going about it. You have to wonder why they would encourage the GE not to be used for the most expensive items after making so much fuss about removing the (now old) max cash limit.

Nope. RS3 doesn't run a Jenga economy. In a laissez faire economy, the "government" should not encourage or discourage trading of a specific type of goods. Just let all the players drive the prices of items all on their own.

Best way of "all the players drive the prices of items all on their own" is through the GE. So encouraging its' use is a good thing, not discouraging it by imposing a tax that can be avoided elsewhere.

The best way is always leave the choice to the players, but not force it.

13-Jun-2023 03:35:05

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
H 1 L D A said :
Man, Dilbert, I don't even have enough money to dream about a phat, I'm not the largest fan of merchers, and I also really like that the G.E. tax is in place to alleviate death costs being so high because I'm bad at PvM,... but I have to say extremely high value items should have a tax limit, as a matter of principal.

It's better to encourage the G.E. to be used as a medium. Reduces the chance of scamming while encouraging players to actually make a purchase for such an item if that is their prerogative.

In order to be pro-free-market, you do need to encourage people to buy.

They can buy everything outside the GE too. Encourage people to buy can be done with or without GE.

13-Jun-2023 03:37:34

JethroDahmer
Jul Member 2011

JethroDahmer

Posts: 1,383 Mithril Posts by user Forum Profile RuneMetrics Profile
Matuhar,

1> just continue to trade p2p.......

2> what's that saying?

"Art's imitating life-imitating art" or vice versa, it comes to mind while lul'n @ the crying, sounded just like a corporate CEO on the news explaining why it's actually unfair he/she's paying any tax at all.

last of all 3>

Matuhar, when ur as loaded n drippin in the gp's as u R

What's a bill here or a bill there?

Honestly, for the convenience of not having to deal with the no-lifing, cut throat rare traders in the corner of gold ol w2? im being dead serious

13-Jun-2023 14:02:55

JethroDahmer
Jul Member 2011

JethroDahmer

Posts: 1,383 Mithril Posts by user Forum Profile RuneMetrics Profile
H 1 L D A

and

Dilbert2001

Can you both please, go sit down together somewhere and chop it up 1on1?
Wow

H 1 L D A

yes we get it, you said you're not a fan of merchers......ur bad at pvm.........and you've let us kno many times what you think of pkers and how toxic we all are and shouldnt even be allowed to be in rs3 anymore.

but regardless H 1 L D A, aint mad at ya. but it's precious

"... but I have to say extremely high value items should have a tax limit, as a matter of principal." ~H 1 L D A 2023 tax plans, i luv it how quickly u want something changed to benefit yourself

Dilbert2001

The sheer fkn confidance, and arrogant sophistication into which u burst into sum1's thread and speak on something, once again, u couldnt kno less about.

well, sometimes, u take a break from being appalling/blaze' and actually make sum1 laugh.

yall be good or be good at it!

deuces

13-Jun-2023 14:14:37

TzKok-Fat

TzKok-Fat

Posts: 4 Bronze Posts by user Forum Profile RuneMetrics Profile
TzKok-Fat said :
A tax of over 1 billion per trade is too much as it strongly discourages people from trading high value items on the GE. If the tax is capped at say 100M (still 2x as much as the previous maximum tax paid), people will trade valuable items on the GE more frequently. This would benefit everyone as it would increase the trading volume and the total amount of tax paid (but paid in many smaller chunks instead of a few big ones).
H 1 L D A said :
Man, Dilbert, I don't even have enough money to dream about a phat, I'm not the largest fan of merchers, and I also really like that the G.E. tax is in place to alleviate death costs being so high because I'm bad at PvM,... but I have to say extremely high value items should have a tax limit, as a matter of principal.

It's better to encourage the G.E. to be used as a medium. Reduces the chance of scamming while encouraging players to actually make a purchase for such an item if that is their prerogative.

In order to be pro-free-market, you do need to encourage people to buy.
An important point is that trading through the GE prevents a lot of scamming. It also makes it easier for players to get a fair price for their items. I feel like the high tax defeats much of the point of doing the max cash update in the first place.

Also, given the choice I'd prefer merchers to pay more taxes rather than regular players. If the GE tax is capped, normal players who occasionally buy a high value item would pay a lower amount in tax. The merchers would pay more overall due to their higher trading volume. In return, they would get to do more trades per billion paid in tax money.

13-Jun-2023 14:52:53 - Last edited on 13-Jun-2023 14:54:57 by TzKok-Fat

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
H 1 L D A said :
What a lovely choice.

Throw 1B GP into the incinerator or risk getting scammed.

"Freedom."

Who can scam you now when you have the choice not to be "scammed". Even if you choose to trade in person, you can still look up GE price for reference.

13-Jun-2023 17:29:58

Matuhar
Feb Member 2011

Matuhar

Posts: 644 Steel Posts by user Forum Profile RuneMetrics Profile
JethroDahmer said :

Matuhar, when ur as loaded n drippin in the gp's as u R

What's a bill here or a bill there?



For me, a bill is around 10 hours of PvM in average, for others it might be more.

But the key points have been expressed already, and to summarize them in a simple manner:

1)
It would be good if GE presented a comfortable solution for all trades.
2)
GE tax is indeed needed to reduce inflation.
3)
Making players pay hunders of millions or even billions discourages them from trading on GE.
4)
Although they still have a choice of trading P2P, high tax defeats the purpose of point
1)
.
5)
Avoiding large trades makes less tax being payed anyway which defeats the purpose of point
2)
regarding this subject.

13-Jun-2023 17:57:41 - Last edited on 13-Jun-2023 18:01:01 by Matuhar

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