No pollresults? What is this madness?
The tax is fine how it is, you should just calculate the tax into the money you want. And if you can't because people are selling it much cheaper it's just bad luck. Of course this is only my opinion.
Business.
Capitalism
You sound like someone who never bothered to make profit. And gold sinks(because the "tax" money doesn't go anywhere, it disappears forever, therefore you cannot call it a "tax") are meant to ensure that the amount of money doesn't go out of control, not to discourage people from trading with gold entirely.
Capitalism is the theory of completely self-driven economy, where the drive to "make profit" fuels the profiteer's motivation. So capitalism has no place in this marketplace, because everyone dislikes losing a lot of money due to 5% tax, and this leads to a crippled supply of offers requesting only gold. Maybe I should start dealing purely in heirloom points with gold to sweeten the deals. :|
Who's the fool who paid 1.44 mil for +3 item?
Edit: Also Milanese Plate +3 for 1.25 mil :lol:
I have a question to ask.
If I buy large booth, does that mean I won't pay clan bank tax?
You should be permabanned.
Hint: Last person who harassed Kittiya was Panos :P
Nope, bank still has tax.
I was joking Bjordie boy :wink:
But still, making profits like that is kinda lame. It's worse than killing Kittiya in first 10 seconds of a match. I only do that on alts, on main I leave her to shoot arrows for a bit longer until next jerk spot her on the battlefield. Once I even tried to keep her alive for a full minute, didn't work :D
It wasn't my plan to scam anyone, but if they're silly and don't check the marketplace properly before buying something, I can't really be blamed.
Tell that to Meow.
Well, I had a situation. Let's just say that Meow could possibly intervene even if there's no valid reason for it.
Split the tax between both parties, 2.5% for both
You sound like someone who never bothered to make profit. And gold sinks(because the "tax" money doesn't go anywhere, it disappears forever, therefore you cannot call it a "tax") are meant to ensure that the amount of money doesn't go out of control, not to discourage people from trading with gold entirely.
Capitalism is the theory of completely self-driven economy, where the drive to "make profit" fuels the profiteer's motivation. So capitalism has no place in this marketplace, because everyone dislikes losing a lot of money due to 5% tax, and this leads to a crippled supply of offers requesting only gold. Maybe I should start dealing purely in heirloom points with gold to sweeten the deals. :|
A deflationary spiral is a situation where decreases in price lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in price.
What if they keep falling, so much so that people lose the motivation to retire and get loom points?
This guy just sold a +3 for the value of way OVER 3 loompoints and he is crying about how unfair the tax is? unbelievable
And yes, I have nearly 20 mil gold in the bank.
And yes, I'm waiting for lower prices to happen to buy plenty of loomed items.
Will that happen? Maybe.
Can you blame for trying to earn more than I deserve? No you can't, because I made a strategy investing in gold, based on my predictions. Same as rich people do irl. And just like IRL this is a long term strategy. It involved months and months of planning and executing the whole thing.
It's your own problem you didn't do anything similar.
Cheaper value of just about everything makes...just about everything but gold more readily available. So wouldn't noobs have less of a hard time gathering the cash to buy them? At least, I find it is easier to save up 300k than it is to save up 700k. As loom point quantities drop due to the low price, the remaining few will raise there price and probably fluctuate between 350-450. People will continue to retire because for many, it funds their cav-only gens or they simply want more loompoints for the sake of versatility, who knows. Just because famous player X or famous player Y states they wont retire anymore because boohoo life sucks, doesn't mean the people who you never hear from will stop retiring.
Using 20k equipment as my base I was able to make almost 100,000 just by leveling from 1 to 25ish.
Either that, or split the tax between both parties. 2.5% fee for both.
You really did not think that through, did you ?
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The repartition of the nominal tax between the buyer and the seller has no effect on the effective burden of the tax. The most inelastic (aka not sensitive to price changes) party will pay the bigger share of the tax, no matter from who the money happens to be physically taken from.
As an example, our current system takes the tax from the seller's pocket (at least when someone makes a "sell" offer). That means that the seller is getting less than what he asks. But he still wants to get as much money as possible. So the tax makes his price go higher, in order to get at least part of the difference between the price he had before and what he would get without increasing the prices.
If the buyer was paying the tax, we wouldn't see a difference. Only the nominal prices of the items would be different. But what would the seller get would be the same.
I get what you're saying, you're saying that it doesn't make a difference. Yet it does. You think it's as easily solved as selling for 105% of the planned offer. But in reality, people become less reluctant to buy something if I did this.. When I set my prices, I have two things in mind: profit and attractivity of price. I want to indulge the potential buyer's consideration, as well as my own profit. It's very tricky to find even ground when I lose a lot of money in those pure gols trades. Anyway, I'm getting a large booth now regardless so I coule care less about the tax.
Still, the point of the goldsink is to remove a portion of the money in circulation to balance the money that is generated every minute(including repairs). In this sense, it doesn't matter for two shits if both parties pay the tax or only one. It is just a simple alteration, and that is why I proposed it. I actually prefer the 2% tax proposition, but somehow I feel that is going beyond for what devs might consider. Now, all they have to do is split the tax between seller and buyer.
I see statements like these all the time and they are pretty obvious exaggerations (when talking about battle and siege). Obvious because the math is easy to check and doesn't support the claim:
...
just add all the taxes paid to the lottery to avoid a gold sink and have a formula so those who pay alot of tax in a week get free lotto tickets.
example: 50000 gold in tax = 50 tickets
That would kinda defeat the purpose of the tax.
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I never read such a sad, self-aggrandizing post in my life. You know what the sad thing about your entire post is? You actually think you've accomplished something. Allow me to give you some clarity - it means fuck all that you have anything in a video game. You are not like rich people IRL, they actually did something meaningful whereas what you did was essentially try really, really hard in a video game. Invested, as you say, months of planning just to succeed in a video game as opposed to months of planning to succeed in something important like, oh I don't know - real life? Touting it around and being proud of it? Jesus fucking Christ man, get some perspective.
Your accomplishment is a collection of pixels. Congratulations.
1. How? you provided no points or basis for your thesis
2. the purpose of the tax is to reduce market profits and the increasing price of heirlooms(which it would still achieve)
3. Tax returns
It feels like the number of marketplace transactions are not as many as they used to be.
I assume that wasn't the intention when taxes got implemented.
been playnig on and off for 3 years and I am broke while other got millions? man i feel sucky. :(
\You are not like rich people IRL, they actually did something meaningful whereas what you did was essentially try really, really hard in a video game.\