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Grand Exchange Tax & Item Sink

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DerpLearning

DerpLearning

Posts: 1 Bronze Posts by user Forum Profile RuneMetrics Profile
I thought it would be worth pointing out that updates involving economics are some of those that players care about most , and that things like the removal of free trade back in 2008 are exactly what caused players to lose faith in RuneScape and in Jagex. By releasing these types of updates, without player input, under the guise "integrity updates", whether well intended or not, you, Jagex, are repeating the exact same mistake you made 13 years ago. I implore you not to go down this path, lest us, the players, leave.

Also, for visibility:

Kila Range said :
Turnover taxes on a market exchange will inevitably be paid by buyer and make the buy/sell spread wider (inefficient). Why are you going to use money to buy expensive items propping up demand when supply is high? This is exactly opposite to what you should do if you don't want inflation...

This tax was a stupid idea. If you really wanted a nice gold sink make it on late game products on people who don't care about 1%. Instead you made it truncate at 500m..

The mind boggles the effective tax rate on a tbow is less than a rune scim. If you need any free tax/economics advice feel free to reach out.

19-Dec-2021 09:29:05

Furball Zen
Feb Member 2019

Furball Zen

Posts: 316 Silver Posts by user Forum Profile RuneMetrics Profile
Scaped1 said :
At this point osrs is turning into rs3 with 07 graphics. Big decisions like the GE tax should be polled. Such a turn off. Been playing since 06, this really makes me rethink continuing my membership.
I agree, i never wanted the GE in OSRS, thats one reason i quit RS3 after EOC. I have barely 13m and work hard as a casual player to even have that with some decent normal equipment (whip, dragon stuff, chain no plate etc) and dont want my minimal money being taxed like IRL. I dont understand the "sink" bit though, isnt that what the Con skill is?

Ive been playing since 2004 and quit for a few years till 2019 and this plain sucks. I have one skill cape that i worked hard on and im coming closer to a 2nd one, but might as well quit if the game is just gonna turn into a real life example, that i have to pay for. Srsly, who thought TAXING a part of a game you PAY REAL MONEY for???

25-Dec-2021 04:05:37

Furball Zen
Feb Member 2019

Furball Zen

Posts: 316 Silver Posts by user Forum Profile RuneMetrics Profile
DerpLearning said :
I thought it would be worth pointing out that updates involving economics are some of those that players care about most , and that things like the removal of free trade back in 2008 are exactly what caused players to lose faith in RuneScape and in Jagex. By releasing these types of updates, without player input, under the guise "integrity updates", whether well intended or not, you, Jagex, are repeating the exact same mistake you made 13 years ago. I implore you not to go down this path, lest us, the players, leave.

Also, for visibility:

Kila Range said :
Turnover taxes on a market exchange will inevitably be paid by buyer and make the buy/sell spread wider (inefficient). Why are you going to use money to buy expensive items propping up demand when supply is high? This is exactly opposite to what you should do if you don't want inflation...

This tax was a stupid idea. If you really wanted a nice gold sink make it on late game products on people who don't care about 1%. Instead you made it truncate at 500m..

The mind boggles the effective tax rate on a tbow is less than a rune scim. If you need any free tax/economics advice feel free to reach out.

Exactly.

25-Dec-2021 04:07:33

Deathkill007

Deathkill007

Posts: 7,881 Rune Posts by user Forum Profile RuneMetrics Profile
Don't like the tax , it has messed up flipping items . Also why take GE tax to buy up rich players items and kill free trade . You think the rich players need to be richer I guess, billions is not enough for them. I guess jagex will be the main buyer because at these insane prices I won't be buying crap! If this goes on I won't be a member or player to much longer damn game is still full of bots too like it was when I quit 10yrs ago, we use to call it botscape back then. If you really had to have the GE tax you should have donated funds to charity or use it to better the game by maybe making skills worth something. Instead you are going to make the rich even richer, does jagex even want new players or is the bots and super rich enough for them, just wandering I shall use up my members and see where this goes but I don't like it at all! LOL, damn bandos is what close to 15yrs old and worth more now than ever it's insane. I could understand torva going to be high but old crap should be cheap especially when there's probably millions of sets in game now. That's my 2 cents on it, I know nothing is going to happen they will keep going down same path like before and always.

29-Dec-2021 01:47:49

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08-Jan-2022 03:01:56

Bent Truth

Bent Truth

Posts: 13,992 Opal Posts by user Forum Profile RuneMetrics Profile
GE Tax Thusfar

The tax is removing 30B a day, with the vast majority of this sum not going toward sinking items, rather the coins are simply removed from the game. Once it was shown that not every item would be sunk, I suspected you would collect more revenue than you'd know what to do with. With a massive gold sink comes deflation, with no item sink comes even more deflation.

I think it would be wise to go ahead and start adding items to the item sink with each weekly update, being a bit more aggressive with that. I think it's actually more cautionary to begin adding items, as with a tax alone it's a bit lopsided and coins are much harder to come by compared to items. The longer you wait to implement more item sinks, the more extreme this situation will become.

If you're not comfortable with more item sinks, it may be appropriate to change the tax to 0.5%.

19-Jan-2022 18:44:43

Zack ENT
May Member 2023

Zack ENT

Posts: 1 Bronze Posts by user Forum Profile RuneMetrics Profile
I just want to point out that I have not heard a single person complain about the Tax on the GE. Anyone I've talked to seems to understand why it's needed and why its being done. Money sink's keep the game's economy in correct standing. Game's where items are out of control and either cost nothing or way over priced for their roll in the game, I find to lose interest in. Being a Runescape Veteran (About 16 Years now), the measure's you are taking to control the game are great. Voting for updates has been a huge success. Thanks Jagex team, and all player's & moderator's that play a roll in suggesting updates to improve game satisfaction.

-Zack_Ent (Entertainment)

04-Feb-2022 22:26:07

KernalSandrs
Jan Member 2023

KernalSandrs

Posts: 5 Bronze Posts by user Forum Profile RuneMetrics Profile
I've been playing OSRS for years and really enjoyed it. This GE Tax has completely ruined any buying or selling of any items. It either has to go or get re-worked so that the buy/sell price is more prominent. That would at least be a step in the right direction and a minor thing to fix. I get why the tax is implemented, but it needs serious work overall in order for it to be bearable.

In the meantime I have lost all interest in the game and have cancelled my membership until it gets polished or removed. OSRS let me down too many times recently and this was the final straw.

16-Feb-2022 04:36:59

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