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What would G.E tax do to rares

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Carp Fishin
Apr Member 2020

Carp Fishin

Posts: 250 Silver Posts by user Forum Profile RuneMetrics Profile
With Old School Runescape now looking to introduce a 2% tax on the g.e. Aswell as item sinks, money sinks etc. What are your guys opinion on high value items and rares being effected by this possibly being introduced to RS3 one day.

Also with the staking limit at 50m in the futre, what effect do you think this will also have.

Please discuss below. Thanks

06-Nov-2021 14:23:03

LovveL
Mar Member 2013

LovveL

Posts: 5,894 Rune Posts by user Forum Profile RuneMetrics Profile
I don't like the idea of tax system in GE and the reason for that is another game I've played for multiple years (not anymore) is Fifa Ultimate Team where there is a 5% tax to any trade done and in my experience that has made it way easier for people like me to flip but made it harder for the regular guy to be profitable on the market and not just buying/selling and trying what they want because of that. But there are many layers to this and adding a tax to the GE could also be a good thing for other reasons.

About the staking limit I have no and to be honest no one does. But - I feel like nothing could happen and I also feel like rares could half in price. We'll see. Rank #56 Overall. 8000/1****? Hard caskets stacked. 7000/8****? Elite caskets stacked.
31/37 boss logs completed - Ultimate Slayer achieved
Would you trust a Price-checking service that has bots running in W2 advertising themselves constantly? I wouldn't!

06-Nov-2021 16:27:11

ELITE STACK
Mar Member 2014

ELITE STACK

Posts: 8,082 Rune Posts by user Forum Profile RuneMetrics Profile
I like the idea of a ge tax but this only works if max cash if raised. It could provide a gold sink making our gp more valuable. Will it affect rares? Seeing how richie pet crashed the price of rares I would say yes. I need my blue charms back.

06-Nov-2021 16:38:00

Starfoxnez

Starfoxnez

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I think every mmo I play had a market tax so i am use to it. I dont know if it will do much of a dent since there is still free trade. With pvm they drop so much loot that you can make the tax up super fast. Maybe make the drop rates worse and noted materials to be stop.

06-Nov-2021 16:53:37

Carp Fishin
Apr Member 2020

Carp Fishin

Posts: 250 Silver Posts by user Forum Profile RuneMetrics Profile
Economically you would think that being taxed, items leaving the game and gp sinks would mean that a fair bit of gp and items would be leaving the game.

Less gp means less money to spend therefore making prices of items drop because people can't afford those items now. Also items leaving the game means those certain items should rise in price as demand is the same but supply is lower.

I think the 50m limit on stakes could be very interesting. It could be very hard for the average person to ever get a party hat becuase actually making that money through skilling or pvm would take years. I'd say a fair amount of people who have the cash to get those 50b+ items have gambled and won at the duel arena on big bets.

06-Nov-2021 19:08:39

Profz

Profz

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The da limit will hopefully make the phats more stable and not as volatile, we don't know whether the ge tax would remove gp or items, but I'm guessing if it came to rs3 they would not buy back items.
This would slow down the inflation but it is incredibly hard to control imo.

Carp Fishin said :
I think the 50m limit on stakes could be very interesting. It could be very hard for the average person to ever get a party hat becuase actually making that money through skilling or pvm would take years. I'd say a fair amount of people who have the cash to get those 50b+ items have gambled and won at the duel arena on big bets.
You'd be suprised at the amount of people that own a single phat and made that money from 100s of hours of pvm or alt farms. Most people I know that keep their hat has made it through either of those, stakers always get cleaned and have to buy back the gp.

06-Nov-2021 21:09:40 - Last edited on 06-Nov-2021 21:10:01 by Profz

Miffdor
Jun Member 2005

Miffdor

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If it was set high enough, a GE tax could eventually lead to a reduction in rare prices. I would prefer to see a separate system brought in to allow more transparent trading and taxing of >2b items…

For example, an auction house where you can sell expensive individual items (e.g. a phat) or a large number of a single item (e.g. collections). All bids and recent sales would be visible to everyone (but with usernames hidden). Then a 1% tax could be applied, rounded down to the nearest 1m token. So if your item sold for 90m, you would pay no tax, but if it sold for 110m you’d pay 1m tax and therefore receive 109m from the sale.

This would tax the people who are better able to afford it.

07-Nov-2021 13:26:12

Raphtalia6
Oct Member 2017

Raphtalia6

Posts: 1,134 Mithril Posts by user Forum Profile RuneMetrics Profile
rares arent traded in the ge so its rather simple. nothing changes. the 2% is only for ge trades and rares arent traded in the ge anymore. 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!.

07-Nov-2021 15:00:18

Trip180

Trip180

Posts: 16,702 Opal Posts by user Forum Profile RuneMetrics Profile
Raphtalia6 said :
rares arent traded in the ge so its rather simple. nothing changes. the 2% is only for ge trades and rares arent traded in the ge anymore. Hellooooo fish masks are traded in the GE!!

- making Raphtalia look bad, 24/7 I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity. :(

07-Nov-2021 18:30:42

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