What is happening to North Korea?
Day 979, 23:40
•
Published in North Korea 
•
by
•
by Michael Francis
I was going about my normal business day, browsing and playing this game, when I noticed a peculiar little yellow box pop up on my front page.
'Ah,' I said to myself, 'Congress is already hard at work to jump start North Korea's economy. Awesome!' So i clicked on the link to see what was up.
What I saw I couldn't believe my eyes. Congress was voting to change taxes to outlandish percentages.
A couple hours later, a few more proposals popped up here, here,
here, and here.
Let's break it down:
1) Iron tax: THE POINT IS TO MAKE MONEY! WHY ARE YOU LOWERING THE IMPORT TAX? Almost no money would go into the government, which actually needs it at this point in time!
2) Titanium tax : see Iron tax
3) House tax: The only one I actually AGREE with. If the North Koreans need houses now, I see no reason why they shouldn't go out and by them on the (relatively) cheap, and with no import tax to boot. Income tax, however, should've been upped, but otherwise, I want this proposal passed.
4) Food tax: This proposal could and should be null and void if we could just get more food companies within the borders. Need more time to see if this is actually worth it.
5) Grain tax: While I agree the tax should've been raised a little, it should never have jumped from 10% to 50%.
You're tearing me apart, North Korea.
My God, the North Koreans are trying to kill their economy from the inside!
Get your act together and HELP your country, Congress!
Facebook
Twitter
Discord
Comments
You're tearing me apart, North Korea!
We're lowering the import tax to actually bring in those products. NK has no native titanium, oil, and stone at all and only medium grain and iron (medium regions are half as productive as high regions). So if you want companies to export their products here you have to make the market profitable for them, i.e. low taxes
but, if we lower the import tax, we will not get enough company to provide the job opportunity. I think wo should support NK local companies.
Australia and South Africa are PTO ( liberated ) better lock out your self
regards from Serbia
Erm, We want to lower Import taxes on RMs so we can actually get them into our Country. No person would export their RMs to us, if we have a 50% import taxes. Which is why if we only put 1% import tax, we might have a chance of actually getting people to export RMs to us. As for the other taxes they are all ok. Not brilliant, and no one with real economic knowledge is even in the congress. What do you expect them to do
We dont have high Q regions so we cant produce enough materials to our industry.
Last month we had 10% import taxes in RM, and we didnt have any jobs or products, at this time we must focus on manufacturing industry until we have a high region, then we can raise iTaxes in that material to protect that sector.
North Korea is a Russian subsidiary anyways. 😛
Coldriver: This is basic economics. If you don't have something, lower the import tariffs on it. Tell your chinese to stop making import tax proposals.
This all comes down to supply and demand. The coreans don't have a supply of almost anything, but they have a demand for it. So, unless you want prices to skyrocket to match the s/d equilibrium, you have to let there be a cheap supply from foreign nations, ergo, low import tax.