The Raise in Import Taxes, and Potential Effects
Day 2,656, 21:07
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Published in Canada 
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by
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by Mann551
Some may be wondering about the incoming rise in Import taxes on both food and weapons. I'm here to maybe help clear the air on some misconceptions which may have been raised, and to assure you that there be no need to fear them.
First and foremost, if you are an eCanadian citizen, there is no need to worry about import taxes rising, since they only affect those who sell into the Canadian market from foreign markets. Essentially, this means that there will be less competition for prices, meaning you might get more business. Nationally, it also means more of our money stays within eCanada, and doesn't leave the country.
Next up, for the consumer:
Import taxes on weapons won't have much of an effect on prices, since by checking the top 10 sellers of Q7 weapons, 8 of them have citizenship within eCanada, so the prices will pretty much stay as they are, although a very slight increase may occur. As for the food. I don't know what will happen with the food, but prices are so low anyhow, it might be a good thing to try and get foreign sellers out of the Canadian market so that more business goes to those eCanadians who are in need of the cash, and so are selling food to create that cash, or if the storehouses are too full, and there is no more room for weapons.
Overall, there is nothing to be worried about with the increase of import taxes, even if they were increased to something such as 100%. As business owners, higher import taxes means more business for you. As consumers, there is nothing to worry about as supply will not take a serious hit, especially if we are in a time of peace and rebuilding.
So keep calm. Don't go blowing a gasket. The small rise in the work tax will effect you more than the import taxes will
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Now you can all quit your bitching or else i'll raise them more.
Raise them to the fucking maximum. Let's kill this baby once and for all.
import taxes are used for protecting "home" industries from lower priced competitors who may have lower production costs/item due to increased country bonus's.
The foreign competition up to a point, keeps greedy home producers under control by making them keep prices low to compete,, however by effectively removing these people from the marketplace, Canada leaves itself open to price hikes due to greed from home grown producers who have the market to themselves - (once import tax passes 5% it effectively eliminates foreign participation in the marketplace)
If greed wins then country revenue will fall, as people will simply move and buy off its cheaper neighbours next door and the net result is Canada loses and USA wins - its a delicate balance between income & greed.
would it not happen then that if the cycle was to be left after people started leaving to cheaper places to buy, that the prices would come back down, because demand will have dropped off, and nothing would be selling. This would then lower prices. So the way I see it, I think the basic principle of supply and demand, as well as people as a whole just wanting their wares to sell quickly would keep prices at a decent level, rather than increasing too prices that are too high
the question is after having to go elsewhere because of greed, would they return, or would they stay where and buy elsewhere.
as i say there's a delicate balance between greed for cash and a fair market price, which needs to be based on wrm costs/wages/fair mark-up & taxes
I will admit that I buy Canadian only up to a point, then I go bargain hunting.
@Nogin: as long as people have a Canadian citizenship, IIRC, the Canadian marketplace the default marketplace-- the first place they'll look, so the Canadian market should be the benchmark against other countries.
I agree people will always look at the "home" marketplace first - they have no other option due to game mechanics, but as Thedillpickl says they will buy up to a point then look elsewhere, Import tax is fine if everyone plays fair and do not hike up prices (i'm all for it to protect home industry), its when the advantage the home producers are given turns into a reason to hike prices that it fails - and every sale lost is revenue lost irrespective if its a Canadian seller or a foreign one.
There is a reason we've raised taxes.
Only reason you increase import tax is to protect home based industry.
^This.
As Nogin said above, Import Taxes above 5% pretty much guarantees that nobody will be able to make any money if they sell their goods in Canada.
While I'm not sure we were making much from the 2% Import Tax, a 30% Import Tax guarantees that we'll make collect no tax revenue.
I lean towards free trade ideologically but at this point in the game's evolution, I guess it doesn't really matter. Theoretically, a higher import tax would allow Canadian producers to sell for higher. Higher prices mean that players who need to buy their (or extra) food and weapons either buy less - hurting our war output - or have less leftover delaying their growth (either economic, for self-sufficiency, or when upgrading their training grounds).
But prices are set globally now, since we all share the same currency and the cost to move to a country with cheaper goods is negligible for either consumers or anyone willing to play around with arbitrage (buying cheap elsewhere, selling higher here while still making money). Besides, most players should be getting all their food and weapons for free.
I proposed a higher import tax a long time ago. I don't agree with the 30%, but what an about face on the policy I tried to put through months ago.
You can get what you want done a lot faster now without 40 chimps. I seriously never paid attention to taxaction before now. Just wanted to protect Canadian businessmen and to make sure our people are making some coin.
in that case how about a small increase to housing. Those who invested in building houses in canada took a kick in the balls when the industry redeployment happened.