[bowen199] Economic Manifesto – Sight Beyond Sight
bowen199
Welcome to my Economic Manifesto the second in a series of three manifestos in the run up to the February 2011 Country President Elections. Though I have not gone unchallenged, I am convinced that no other contender can do a better job. I intend to prove who will serve the eUK best through having better ideas, less humdrum and more importantly better manifestos.
Ministry of Finance
Many speculate that our economy is unavoidably doomed due to misguided attempts to stimulate the global economy by the makers of the game. Suggestions have ranged from squandering 100s worth of gold, blocking foreign imports, to sitting back and watching the collapse from the side-lines. As Country President, I could never let this happen and will think out of the box and ensure all avenues are explored. While I believe the interests of national General Managers are very important, excessive import taxes will lead to increased costs for consumers due to the reduction of competition. The cost of products will not be the only effect as we are also blocking the flow of GBP out of the eUK. As such I have devised several strategies to minimise the effects of the extra GBP circulating in the economy eventually leading to inflated product prices. These measures will be implemented over due course to prevent our economy from collapsing any further. In the first instance Income tax would be reduced slightly, VAT increased in some areas more than others and an all-round reduction on import tax. Essentially this means we would pay less income tax and the price of commodities would be more, but due to lowered import tax competition would force market prices down to lower than they are now. The main reasons behind this it to have more GBP collected through tax as well as to dispense more currency out of immediate circulation into the global economy.
As workers and GMs generally have more GBP now than ever before they will be given the opportunity to save with the Bank of England and earn an interest.
G Scheme was not originally my idea (bonds) but by changing the parameters and keeping the same concept, this model is an ideal solution for the current economic climate. With so many offers on the monetary market often trying to make a profit they often do as they would on the regular market place and undercut their competitors. This further devalues the currency and makes it more difficult to keep a stable benchmark. After having a long period of no direct wars (apart from the training war) which provides a bonus boost to the economy, the MM is fairly sluggish. To counter this, the G Scheme gives those same workers and GMs who speculate on the MM an option to still make a profit on their capital while helping the eUK.
Most notably, you can see that we will accept two types of “bonds” - firstly, GBP bonds which pay GBP interest. Not only does this allow people to make an effective guaranteed investment, it also ensures that in the future we can release these bonds to the market (should GBP need devaluing or vastly improve in demand), whilst preventing the amount of offers congesting the MM, and also encouraging people to spend their bonds and interest on buying higher Q food or weapons
The GOLD bonds are not only an attractive investment for the citizen, but also one for the government. By ensuring a steady balance of gold should we fall into any difficulty. With the interest again being paid in GBP, we can use our hefty currency income via tax to pay our citizens for the privilege of ensuring our state is secure from annihilation.
I believe in having a stable money market! The most successfully way of achieving this is by predetermining benchmarks. This is not to be confused with constant regulation from the Bank of England, but rather timed adjustments to our benchmarks. Without carefully stabilizing the MM we are less capable to generating the gold we need to protect our country’s interests.
Ministry of Trade
Considering changes to the game often unexpected sometimes solves problems, but they also at times make things worse as in this case. However with a proficient MoT, we can make the right choices quickly without the un-necessary chaos. Despite the best efforts of the MoT, the economy will predictably remain unpredictable and as such has traditionally meant the role has been predominately reactive. Unfortunately, other CP candidates due to limited imagination will also keep the MoT’s role reactive and far less beneficial compared with taking a proactive approach. I on the other hand will not leave the market solely on the whims of GMs’ trial and errors. Running a company requires investing time and effort. Depending on the industry you invest in, it may be more profitable at times than others. Factors such as how many other companies also trading (in industry the same industry) and demand greatly affect profit margins. By providing GMs and potential GMs statistical information (including profit margins) on current trends in weekly articles, they can then make informed choices on where and when to invest.
After reading my ideas on how the government should run the economy it should be clear that my government will run the economy the way it should be done. In addition, my government will also ensure that citizens will pay reasonable prices and GMs given the information they need to trade profitably. In turn, this puts us in a better position to defend ourselves from economic sabotage as well as a larger gold reserve. I will explain why this is necessary in my military/foreign manifesto, which is the next article in the series leading up to the February 2011 Country President Elections. Thanks for reading my economic manifesto make sure you read all the articles in the series. Also I need economic ministers so if interested check here.
bowen199
UK Presidential Candidate
Comments
First
Bowen for CP \o/
I'm voting Bowen!
voted!
Interesting ideas! With the gold bonds - the 3 month scheme for example - do we babysit the deposit and return it at the end? Or give a GBP equivalent and keep the gold?
Saving with BoE sounds very interesting - how would the returns work? Guaranteed against the value of GBP at the time of investment, at the time of withdrawal, or the higher value?
do you exactly know why we raised the import taxes or not? It seems to me that you don't...
Margaret H Thatcher & Jhorlin: All returns will be in GBP calculated at the rate on the time of release.
Apotygma: I'm just offering a different way of collecting tax. Also keep an eye on product prices!
Supported by an Irish Man 😛
Great Policies.
>"excessive import taxes will lead to increased costs for consumers due to the reduction of competition."
Company owners were made aware of the need to keep their offers within a tight margin of the market floor and they have done so as they recognised the overiding need was to stabilise the GBP not gouge the consumer.
>"will not be the only effect as we are also blocking the flow of GBP out of the eUK."
That was the problem the GBP faced!
Foreigners dumped their goods for Plato to buy and then either undercut the previous 0.025 rate or forced gold of the market. Re-opening the import channels (when native supply is meeting demand) means that the currency will fall down to 0.013 meaning more losses for GBers and a longer recovery.
A faster way of wrecking the MM would be to donate GBP to another nation straight from the country accounts.
>"lowered import tax competition would force market prices down"
The price floor is currently determined by admin. I could offer up all my goods at 50% of current price but they would end up getting burnt by Plato and not consumed by citizens/companies.
You should check out the last forum thread about the monetary market - I did notice you didn't participate!?
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Alfagrem: I was busy writing manifestos. In regards to the points you mentioned, they solely benefit GMs. My MoF proposals are geared more towards workers while my MoT policy focuses more on GMs. I suggest you read the other CP candidates manifestos!
Alfagrem: Just to add I did read the thread you are referring to.
The amount of org voting here is ridiculous.
^that
more votes = worse candidate
also how can you be sue this will work, the monetary market prices has collapsed a few times already, although i support this idea this will only work short term a few days and will not benefit citizens, infact i know the monetary market quite well.
I wonder who daniecox will vote for
I would of thought that actually making goods available for citizens, paying a decent wage whilst allowing transfer to gold and ensuring the government can still run its social programs benifits us all not a particular group?
If we had followed your path of keeping the markets fully open then the exchange rate would be down to 0.013, gold would trade for lower, prices would be uneffected and wages would've remained lower then they are right now with decreased GBP and gold flowing into the national coffers.
It's quite simply more effective for CEO's to work alone in their companies and export abroad or on the black market, only a pre-determination to keep the economy ticking over (till Plato kills himself) has prevented mass unemployment and goods shortages.
Alfagrem: The import tax changes are still recent, but what I'm saying is our currency will be no better off yet prices will still rise. Since the tax changes that is exactly what has been happening now.
Voted 😃
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Pre-tax rise - The currency was falling as it's value was being cut by foreign orgs, companies and citizens dumping GBP (which they got from feeding Plato) under the market value that had previously been established.
The rate eventually dropped down to 0.02 before the BoE had to head of the danger of us becoming an Australia or Norway and spent alot of gold in defending the pound till congress could reform the tax code and place the level and security of the GBP rate back in the hands of those who had an intrest in it's maintenance (UKers).
The absolute pressure we were under from traded goods of 30G daily has been removed and current trading on the MM from non-ukers currently sits;
0.019 > 81G of GBP
0.020 > 63G of GBP
0.021 > 30G of GBP
Which is a 10% reduction over 4 days of trading which trends against most of the global market!
Prices have in fact not risen during this time and in RM's, Food and low Q weapons we have even seen decreases and rare offers that go below the market floors.
The UK was one of 7 nations to actually retain the value of its currency during the crisis and apart from a few wasted days at the start of the chaos (before Plato meddling was confirmed) there's really not much more the economists and bankers could of done that would of resulted in better conditions then we currently enjoy.
Alfagrem: Pre-tax rise, the value of GBP dropped rapidly, which we both know. What you seem to try and overlook is now the effects of the tax rise is causing GBP to be devalued at a faster rate. Prices are on the rise whether you realise it or not, it is inevitable.
Have you read any other economic manifesto yet? Are you planning on writing one? Or do want me to SAY I agree with you when I obviously don't?
People of the eUK. I'm a victim of facsism. The British goverment has denied my citizenship request and i can't leave this country because i do not have a moving ticket and i can't buy one. And i can't buy any food. Someone please support me, or atleast give me a ticket. If i will not hear anything or get any support then your country is controled by facsism!