[JW4CP] Financial Policies
Day 2,476, 10:09
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Published in Australia 
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by
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by Jny123
G'Day mates, as promised i'm going to go into more detail on each of the sections on my policy list. In this article I shall cover Finance.
Business as Usual
In many ways the Ministry of Finance will operate how it is already operating, keeping records of our income and costs and ensuring the appropriate funding is sent out to the right people. In this sense it will be business as usual. The only thing I will be advising the minister not to do ,initially atleast, is MM fishing due to the current collapse of gold prices.
The Help to Buy Scheme
The help to buy scheme was mentioned in my initial article but was not explained in full detail. The premise behind it is that not all players, young one especially, can afford to set up companies to make some extra money. So this scheme helps them along with it. This is how it works:
1. Multiple players sign up and put some of their money into the "pot", which then hopefully accumulates to reach the price of 10 gold.
2. The 10 gold is then sent to one of the contributors and used to buy an aluminium mine thus generating them at least 3.75cc a day.
3. The player who receives the gold pays back the money(or a % of it) loaned to them over an agreed term. this money is then put back into the scheme to help the next player buy one.
4. repeat the cycle for as long as you want. Each time a mine is bought should mean the next 10gold is reached quicker because the players have more money to give.
This can help players get their income up and in a social way. This scheme can be evolved and improved as it goes along to get the best result for the players involved.
That pretty much sums up the finance side of things, I won't be doing anything to revolutionary on this front. Just try to keep the amount of money growing and keeping a good record of it all basically.
If you would like to be the Minister of Finance or a different minister then apply here: tinyurl.com/CabinetAppsSept2014
Thanks for reading, please vote/subscribe/shout and drop any questions or comments below.
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Comments
I don't see the point in the 'The Help to Buy Scheme'. 10g is nothing, if you keep resetting at this point, it is hardly worthwhile. It's better to invest at, say 100g, but then investors have to wait longer. You then get the old communist dilemma of: when different people contribute different amounts, everyone receives the same. What's to stop me investing 0.01g, and by laws of probability, getting 10g, proceeding to nether invest again.
I currently have 90 aluminium mines, and profit is minimal. For it to be effective, one has to have bonuses. On the current market, it would take one mine about 600 days to produce another. You need about 100 mines to make the scheme effective, producing a new mine every 5 days. That's 1000g, reasonable if the government wants to make a long term investment, but unfeasible on public donations.
This would be more of a social scheme, rather than governmental. It doesn't profit the treasury.
I agree with what you say here, all your points are valid. I will admit it is more social than financial and it will be hit and miss whether it will work but im willing to give it a go. It wont actually be costing the treasury anything
v4
Voted...wheres my free gold? \o/
Very nice, Jon!
It sounds novel, but I agree with what Sherlock said and I have my own thought to do with regulation.
How do you police the scheme? Looking around the room, so to speak, Government is short-staffed. It's a fair cop that people have made offers and have been rejected. If you want to add on some programs, great, but this could be something you might want to give some thought to if you are planning to add to the public service list of responsibilities.
Good luck to you mate.