Advise to my fellow Congress People on Taxation.

Day 1,216, 12:21 Published in USA USA by Animis

Of of many things I've learned during these last 4 months of turmoil, of which much has been economic due to Game Admin monkeyscrabing up the econ module; 1. The eUSA, just like IRL USA, figure it out pretty quick, we adapt, and innovate based on a new set of parameters and 2. Reacting ahead of the market, or to use taxes to impact other players behavior almost always results in unintended consequences and often does not solve anything because the market is a dynamic system and our tax changes just add a new factor to adapt to.

We are by our nature, at least economically, flexible, creative free market thinkers and we have people playing who are pretty smart to help. Speculators are equally smart, creative and flexible, so making a tax change to try to stop speculating is just crazy.

When our US$ hit the skids to the price of gold what did people do, they tried to time the bottom and slowly bought up cash at cheap prices, as the market climbed, they sold their cash and became overnight e-wealthy.

This is capitalism, welcome to it, it's the craziest game in the world.

Don't change taxes because you imagine it is going to stop speculators, or change people's behaviors. From my perspective we should change taxes, up or down only; 1. when the gov't needs revenue, or Oh MY GOD, say it isn't so; the gov't has more than enough - I can hardly say the word a surplus! or 2. circumstances indicate that we need to create incentives or disincentives for imports because our domestic supply and demand are not in balance.

Outside of that, don't play as if you are ADMIN, making stupid econ moves to try to change the behavior pattern of players.

sorry, no pretty pics today; too much stuff needs to get done today, check back soon, Thanks, Simina.... eerrr, I mean Animis