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GE tax & Rares

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Andromeda
Jul Member 2008

Andromeda

Posts: 9,296 Rune Posts by user Forum Profile RuneMetrics Profile
Rares aren't traded through GE which means they're not taxed.

Also, this "delta" Jagex mentioned is still positive (more GP entering the game than leaving) and they're okay with that.

What impact would this have on OG rares do you guys think?
Messier31

08-Jan-2023 23:48:56

Yo Blue
Sep Member 2007

Yo Blue

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What impact would this have on OG rares do you guys think?


My prediction you will now lose 2% when selling rares in ge so you will have to charge more overall for rares making them go up.
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09-Jan-2023 03:20:13 - Last edited on 09-Jan-2023 04:45:46 by Yo Blue

Sea King
Oct Member 2019

Sea King

Posts: 7,492 Rune Posts by user Forum Profile RuneMetrics Profile
Andromeda said :
Rares aren't traded through GE which means they're not taxed.

Also, this "delta" Jagex mentioned is still positive (more GP entering the game than leaving) and they're okay with that.

What impact would this have on OG rares do you guys think?

Answer to your question is easy: OG rares will continue to go up in the long run because they remain a valuable hedge against inflation (as it should, because deflation never a good thing for any economy because it hurts consumer spending). The historical hyperinflation was never a good thing. It's about time Jagex set an inflation target and managed the economy. And, even if rares do get traded on GE, I doubt many people will trade big items on there because street trading is 0% tax. If you are willing to chuck your most precious possessions like phats because someone said words like crashing/dying/quitting and then find yourself unable to rebuy for what you sold for, then you don't deserve to own a phat.

09-Jan-2023 04:50:43

200m Defence

200m Defence

Posts: 249 Silver Posts by user Forum Profile RuneMetrics Profile
Rares will be traded through the ge and be taxed.

The majority of the people will sell them when that update hits and take the 2% loss to be able to liquidate to gp right away since rares use of being a wealth holder will be completely useless now with the future Money Pouch that will be able to handle gold amounts into the quintillions

and they'll just take the 2% hit instead of having to trade x item for a, b, c, d, e + f items (downgrade) just to have to spend more time to try and sell those. and by time they end up selling (a-f items) the price of what they were when they traded (x) item was those would've dropped in price even more by then.

and then after the big crash the only people who will be buying back in would be the ones who will hold into the investments of hoping they'll be the ones to sell to the extremely rare people whose goal is to own "x" rare and will pay a stupid amount.

or to profit off by selling to another investor.






and the delta will only be ~1,984,773,377gp (approx 2b), which will be atleast a dramatic decrease. Don't trust any pc's listed, any advice or talks between posts on ID forums anymore , the Manips are let loose, especially the main one with 15+ accounts posting acting as different people.. do your own research

09-Jan-2023 13:08:02 - Last edited on 09-Jan-2023 13:38:12 by 200m Defence

Destruction

Destruction

Posts: 63,021 Emerald Posts by user Forum Profile RuneMetrics Profile
200m Defence said :
Rares will be traded through the ge and be taxed.

The majority of the people will sell them when that update hits and take the 2% loss to be able to liquidate to gp right away since rares use of being a wealth holder will be completely useless now with the future Money Pouch that will be able to handle gold amounts into the quintillions

and they'll just take the 2% hit instead of having to trade x item for a, b, c, d, e + f items (downgrade) just to have to spend more time to try and sell those. and by time they end up selling (a-f items) the price of what they were when they traded (x) item was those would've dropped in price even more by then.

and then after the big crash the only people who will be buying back in would be the ones who will hold into the investments of hoping they'll be the ones to sell to the extremely rare people whose goal is to own "x" rare and will pay a stupid amount.

or to profit off by selling to another investor.






and the delta will only be ~1,984,773,377gp (approx 2b), which will be atleast a dramatic decrease.

Good and detailed post, thanks for this.
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09-Jan-2023 14:36:23

311
Apr Member 2021

311

Posts: 9,384 Rune Posts by user Forum Profile RuneMetrics Profile
It would decrease their price due to the deflationary impact of the GE tax. The tax is enough of a sink to cover all death costs and *maybe?* alching.

In any case, the fact that there is a tax won't make people raise their selling price because people would probably just continue to trade their rares outside of GE to mitigate the cost in my opinion. If santa hats are selling for 4b on the street (idk the actual price), the ge sellers might sell for 4080m, but the buyers aren't going to pay that if they can buy for 4b on street. eventually the sellers would probably pull it out and just sell it for 4b on street since they are much more likely to land a trade that way. It short it would balance itself out. Only the deflation caused by the GE tax update is going to affect rares.

This is for the nearish future. As sea king said, Rares itself are deflationary, so as supply dwindles more gp competes for them. Even if deflation tackles down the price for awhile, the reality is that they are just as valuable. If a yellow phat became 10b again, the reality will be that 10b will be as difficult to make as the 50b it is for it today. Eventually though through the continuing dwindling of supply over the years, the yellow would make it back to 50b even in the deflationary environment. Something to keep in mind.

09-Jan-2023 14:43:02 - Last edited on 09-Jan-2023 14:47:28 by 311

Alsinda
Apr Member 2019

Alsinda

Posts: 1,179 Mithril Posts by user Forum Profile RuneMetrics Profile
It's funny to me that people have accepted yellow phat going 10x over price a year as normal inflation. The game was broken from dupes. The entire reason of this change.

09-Jan-2023 15:05:19 - Last edited on 09-Jan-2023 15:09:01 by Alsinda

Raphtalia6
Oct Member 2017

Raphtalia6

Posts: 1,136 Mithril Posts by user Forum Profile RuneMetrics Profile
rares over max cash arent affected by the tax till they will add over max cash on the ge which is around june july. if they dont move it to 2025.

but the tax on its own does affect items over max cash if the tax can revert the inflation of gp. but i only see that happen if they make it 4% tax/ when the ge max cash limit gets removed.

the tax preview that they shown is based on the 2147m limit so when they remove that limit the tax will have more impact on the game. thats why they moved it to june to oversee the first 6 months of this project. trusting certain pc lists or prices of items or websites that dont belong to jagex will get you into trouble notice: external websites and trades are your responsibility, dont get fooled!.

09-Jan-2023 16:52:28 - Last edited on 09-Jan-2023 16:53:29 by Raphtalia6

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