Financial strategy for the State

Day 1,647, 07:41 • Published in Belgium Belgium • by Nohjis

Good evening,

It has been some time since I wrote an article so it seemed a good point in time to bring you a different view on things I’ve been busy with for the past months. As background information, I have served two terms as CP stimulating congress to come up with social programs for citizens followed by what is now my third term as Minister of Finance in eBelgium.

Where to start...
eBelgium is one of the small nations in eRepublik until the latest economical changes it was even challenging to manage to get 10.000 CC a day in tax income. The reason I stimulated congress in thinking up social programs is that we suddenly had a rise in income to the at the time practical maximum of 3.000.000 CC a month. With further economical developments (plummeting value of raw materials and goods) tax income dropped somewhat again and new strategies were necessary to keep income in balance with the vast expenses.



The solution for many would be simple: Just raise the taxrate on something. That brings me directly to a rather emotional problem in eBelgium: the wish to keep taxrates as low as possible. While for most informed people knowing the market BOT pays the vast majority of taxes in small countries, it’s a reality we need to work with. This reaction ofcourse doesn’t make sense. Protecting the young and economically weak from the effects of high taxes is easier done through fair redistribution (for eBelgium: The Belgian Training Academy Military Unit and forum citizen programs).

If you wish to read about eBelgium’s tax strategy, I point you towards the latest article published in the government newspaper.

So what else can a state do to raise income you ask ? The answer is rather simple, make sure there are sufficient offers on the market, especially in the segments of Q5 and Q6 weapons. While it’s tricky in these times of devaluation, it is quite easy for states with small markets to make a net profit in taxes from the import of goods out of cheap markets (goods selling under botprice). In order to do this, a pilot program is underway in eBelgium with currently 9 participants who buy weapons abroad and put them up for sale on our own market. This is just a first idea to secure income but perhaps alliances should start looking into the economical support of their smaller partners.

The enemy of state income is the black market. When citizens trade on the black market they should be informed that their craving for more then what the market bot offers causes a country to loose money, utlimately causing weaker citizens to be hit by their greed. You may disagree ofcourse but I’m looking at it from the position of a state that should have the responsibility to care and nurture all its citizens to its best ability. eLiberalism and eLibertarianism do not apply in this economic reality therefor one can only orient himself towards eSocialism to improve the gaming experience for all citizens of the new World.

All the best to my readers,
Nohjis