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inflation due to taxation

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Jil L
Aug Member 2005

Jil L

Posts: 971 Gold Posts by user Forum Profile RuneMetrics Profile
Original message details are unavailable.

How do you know there will be less coins in circulation?

From Jagex's calculations, there was 88,124,773,377 more GP at the end of each day, on average, than at the start, pre-update. The 2% tax is predicted to remove 86.14B, which is less than the old delta, but more importantly much less than the new delta when taking into account cheaper deaths.

This means there is more GP coming into the game than is being removed.


Let's assume all players would not do any combat for 1 day, the GE tax would still apply to all transactions. Your reasoning is based on assuming the income flow as constant but it is not. While GE taxes are as sure as death lol.

There's better way to compensate reduced death cost, that is reducing monsters drop.

11-Jan-2023 05:29:41 - Last edited on 11-Jan-2023 05:30:34 by Jil L

A  Cole
Nov Member 2003

A  Cole

Posts: 14,682 Opal Posts by user Forum Profile RuneMetrics Profile
Jil L said :
Let's assume all players would not do any combat for 1 day, the GE tax would still apply to all transactions. Your reasoning is based on assuming the income flow as constant but it is not. While GE taxes are as sure as death lol.

There's better way to compensate reduced death cost, that is reducing monsters drop. Reducing monster drops would certainly help, but it's not a solution.

According to the table, monster drops account for 24B GP per day. The death cost reduction is 55.87B GP per day.

Even if you remove every single GP drop from the drop table, we still need to find over 30B a day to remove.

As for the reasoning being based on constant flow, this is not exactly true. The reasoning is based on the dev blog information which uses average daily figures, presumably from across most of 2022. While some days will be much higher, others will be much lower. Averages let us deal with this information in a much simpler fashion.


It's obvious you're not a fan of the GE tax. Can you please explain to me how this negatively impacts you, more so than the natural fluctuations of prices?


~A~

11-Jan-2023 09:04:18

Miles Prower
Nov Member 2006

Miles Prower

Posts: 9,764 Rune Posts by user Forum Profile RuneMetrics Profile
A  Cole said :
Reducing monster drops would certainly help, but it's not a solution.

According to the table, monster drops account for 24B GP per day. The death cost reduction is 55.87B GP per day.

Even if you remove every single GP drop from the drop table, we still need to find over 30B a day to remove.

Just to chime in on this, the deficit introduced by reducing death costs is self-inflicted. Even if death costs needed to be reduced (they didn't, but that's subjective), an 80% reduction was highly excessive. If average monster drops were reduced, then death costs could be reduced by the same amount. It would be a fair trade-off and would rightly only target those engaging with combat. Low on bank space? Click here .

11-Jan-2023 10:00:02

Archaeox
Dec Member 2011

Archaeox

Posts: 53,399 Emerald Posts by user Forum Profile RuneMetrics Profile
john-punkguy said :
Unfortunately due to taxation, I'll have to pass on the extra expense to my customers.
I doubt your customers will even notice a 2% price increase... unless you're planning to use this as an excuse to gouge your prices more than that.
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11-Jan-2023 11:20:50

john-punkguy
Apr Member 2005

john-punkguy

Posts: 1,604 Mithril Posts by user Forum Profile RuneMetrics Profile
It's still early, but some select supplies are slowly edging upward as predicted. The GE prices are a lagging indicator as they take time to report in real terms.

If a supplier is taxed or charged more it's only natural to pass on the price increase to the end consumer.
This is The Modern Rome Burning. Stand up. Fight back.

12-Jan-2023 13:11:15

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,176 Sapphire Posts by user Forum Profile RuneMetrics Profile
Archaeox said :
john-punkguy said :
Unfortunately due to taxation, I'll have to pass on the extra expense to my customers.
I doubt your customers will even notice a 2% price increase... unless you're planning to use this as an excuse to gouge your prices more than that.

No. Typical consumers only look at and pay what the cash register shows them. Exceedingly few will look at how much tax they need to pay. Same story here and perhaps the 2% tax in a game is far far less noticeable than a 7% sales tax or a closer to 10% social security tax.

12-Jan-2023 19:26:32

john-punkguy
Apr Member 2005

john-punkguy

Posts: 1,604 Mithril Posts by user Forum Profile RuneMetrics Profile
Increases are now noticeable on items such as scrimshaws, vis wax, and potion flasks.....there are more examples.

There's no doubt that sellers are simply hitting the 5% button to make up for taxation on goods.

Not surprisingly, we will likely see the rich get richer and the poor get poorer, and those in command positions will demand ever-increasing tax rates with ever-increasing complicated plans to take money from those who have little and the wealthy will benefit disproportionately.

Interesting how Jagex has made the game mimic the societal flaws we're dealing with in most western countries.
This is The Modern Rome Burning. Stand up. Fight back.

15-Jan-2023 16:41:39

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,176 Sapphire Posts by user Forum Profile RuneMetrics Profile
john-punkguy said :
Increases are now noticeable on items such as scrimshaws, vis wax, and potion flasks.....there are more examples.

There's no doubt that sellers are simply hitting the 5% button to make up for taxation on goods.

Not surprisingly, we will likely see the rich get richer and the poor get poorer, and those in command positions will demand ever-increasing tax rates with ever-increasing complicated plans to take money from those who have little and the wealthy will benefit disproportionately.

Interesting how Jagex has made the game mimic the societal flaws we're dealing with in most western countries.

It is noticeable I am paying tax on scrimshaws and such as a skiller, and i am more than happy to notice and pay such a low 2% tax as it shows the relevancy of skillers in RS3's economy. We make more gp from making pvm items where skillers in other games that treat their skillers like garbage can't even dream about, so we pay more tax.

15-Jan-2023 17:29:49

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