Time to increase the import tax for WRM!
•
by egad
Hi eCanadians 🙂
At the time I’m writing this article the import tax for WRM is just 1%. So low import tax have only countries with population below 100 citizens or countries with no weapon resources. eCanada has around 550 active citizens and 2 weapon resources.
For an unknown reason the admins almost stopped “someone” that used to buy a lot of our production. (“someone” still buys weapons and foods but much less quantities on much lower price than before) This is the second day and who knows how more this situation will last. As a result there are a lot of unsold products in our storages (weapon and food). The managers reduced their productivity and the prices of raw materials dropped too. This is not only in eCanada, this is the situation in the whole eWorld. As the number of people that own raw materials factories is much bigger than the number of people having food and weapon factories, almost unlimited quantity of raw materials waits on markets. And as it overfills our storages the prices go lower and lower. Many people try to sell their production on other countries’ market so they look for countries with low import tax and several hundred population to buy their products –> Canada.
I understand it is good for all q5 weapon factory owners to have low WRM prices but dear congressmen think about all of us that have only WRM companies. Safe our market from foreign citizens who attack our market with thousands WRM on low prices.
Example: Core Orders, a South Korean citizen, dropped the WRM prices with 4 cents offering over 20k.
Make WRM import tax at least 40%. You can make it back 1% when the situation gets normal.
Facebook
Twitter
Discord
Comments
I know what you mean. This price drop is hitting the food industry as well, Q1 food for example was 70 cents not a week ago. And now this week its 50 cents. For those of us who make only a small amount of product to sell, the drop in profit is quite big.
We are one of only two countries to also have a 1% import tax on weapons as well and the domestic weapons market is a mess right now. I have never seen a sitting government care so little about the economy.
http://www.erepublik.com/en/article/economic-writing-contest-1901525/1/20
I for one welcome the price drop.
The economy is a double edge sword that requires balance and based on population and previous experience one will negate the other and prices will skyrocket hurting the population and players new to the game.
I suggest that prior to building in an over saturated market understand the competition or buy a license and sell to larger markets.
This isn't a taxation problem, this is a game environment problem. Admin has changed the game environment by reducing the "demand" of its purchase bots.
Now the economic system is searching for equilibrium. There is rampant overproduction across eRep and within eCanada. It is highly unlikely that increasing the import tax will restore eCanadian prices to where they were two days ago. Ironically, our low import taxes provide us with a FASTER response to the market so that we can change accordingly.
Expect wages to drop. Expect the drop to be consistent with the drop in commodity and product prices so that things maintain balance.
My personal theory on this is that admin does not like having gold priced beyond 1,000 of any currency as this creates "deal" conditions on the purchase of companies, particularly the Q4 raw companies (saltpeter and ??)
One way to eliminate the deal is to add a decimal place to the money markets, which would require coding changes, and change the price structure of companies. This would cost RL money in terms of programming and would piss customers (us) off.
Another way to eliminate the deal is to strengthen currencies and this is done by stopping the purchase bots and the "free currency" that they inject into the game. People are already habitually converting currency to gold to train or other gold sinks each day, and they will continue to do this after admin turns off the bots, which will eat up currency and lower the cost of gold to a point where they have eliminated the deal. Furthermore, this costs them much less RL money in terms of programming.
And now you know the rest of the story!
Nice Addy!
this is all great but we can still keep the savings and profits in house. no need to feed south koreans and iranians and who knows who else out there that is capitalizing on an overly low import tax.
I'm all for lower prices, but i see no reason to help out our enemies without taking some of it for ourselves. if they want to sell here lets tax them.
the government of canada has no problem raping and pillaging its own player base with high taxes. lets pass some of that love onto others!