Esim - Hungarian product market is open-import tax lowered!
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Hungarian product market is open-import tax lowered! (Trade)
Posted 5 years ago by
Le bun with cheese    
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Cash is at the bank-what that means for players


As you may see in last month or a bit more, exchange rate of HUF was 0.05. patrik04 had idea to attract people to buy state owned products and spend money on them in order to bank as more HUF possible.

State will now open bit by bit in order to attract players and producers.

HOW TO FURTHER ATTRACT SELLERS?


State should be bottom seller. Let producers work and have some profit. Do not let producers have too much profit. Regular workers will pay for that. And players will not be happy to do that.

Major market is black market. For now. If taxes go down Hungary has great chance of taking great piece of trade volume from black market. Open 24/7, has plenty sellers present, price range is low, and that are great things to have in order to attract workers and companies in there.

Table below is just plain model how things should be handled by state. State should not compete with regular players. It should help players not being robbed by high prices. Big state stock will keep regular players happy.

Product price in Gold
price in HUF
recommended price for ORG in HUF
Iron 0.008 0.08 0.09
Diamond 0.007 0.07 0.08
Q1 WEP 0.03 0.3 0.33
Q5 WEP 0.16 1.6 1.71
Q5 food 0.08 0.8 0.87
Q5 Gift 0.16 1.6 1.71
Idea is that state set maximum product price little above black market price and sellers go below that and make some profit



Taxes are officially lowered and why not even more

I liked idea of concentrating HUF in ORG. I hated maximized taxes. Told multiple times, I hate high taxes. Even tried to lower them myself while in Office as congressman. instead of complaining and spending energy there I simply backed him up.

Even helped by working in state owned companies to make as much weapon as possible.


VAT is 5% and import tax 5%

Taxes are mechanical barrier and take profit directly from producers and put it in state bank, taking 10% of profit from outside producers and 5% profit from Hungarians messes directly with their profit margin. 2% VAT and 3% import tax is proper. Since this is game, and many players want to have as much fun as possible.

Better to take less from producers and have more products on market. That are my 2 cents on this issue. Also state should be black market price +5% so regular producers can fit there with their prices.


Exchange rate rises up from 0.05 –> 0.1 or 100%


Had idea that might happen. As shop was closing and people were taking my HUF I started thinking rate might jump once there is no more HUF on open market. If state is the only owner of currency it can do whatever state wants. GOOD political move for sure.

Also prices were adjusted with new exchange rate in less than 9HRS after rate, which is wonderful. Gold offer is yet to go to 10:1 ratio but I believe president will set that up, too.

As I write this paper over 4500 Gold is defending Hungarian monetary system at rate 15:1 to 20:1 which is proof that players believe in Monetary system set by president.


WHERE IS PRESIDENTAL REPORT???


President, any report for your deeds? You must be aware as much I like economic policy that major report must be written and published by you. You did set standard for economic part of country. Now report on what good things you did in past month.


kenyermagus WHERE IS REVOKE??


No revoke yet? What have i done to you


Previous article:
TUTORIAL: WHEN to spend local currency and WHY (5 years ago)

Next article:
We can Improve Hungarian market TOGETHER like TEAM (5 years ago)

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