Dear @thegoliath frankly speaking I was expecting from you something more than what you are doing right now with taxes in the game...
Anyway good from you helping people like this, but to give again to the game the pleasure as before you should reduce the taxes as it was before @dreamm, are you worry about it?
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There isn't much I can do. I left taxes off for a few days to keep it as low as I could, now just setting a couple different ones at times and waiting on income tax to be reduced as the SIM price goes up.
I was wondering what happened there. I had a lot more money than I expected; and the tax rate was "still" really high.
Meetup at The Jade on the 29th if you're free :)
Maybe your city grew and you were making more :P
But the income tax had dropped a few % so it could have been that.
Awesome, 6pm for the meetup? If I am up for it I will come. Got an alarm set just in case!
Yes, 6pm. Should be a decent turnout this time.
Sweet! Hopefully I get there, been a little too long since I came to a meetup. :)
Were you wanting to enter the giveaway, by the way? Just checking your whether or not your comment was to be included or not 😂
Thanks, mate. I'll leave it for the noobs.
Dear @thegoliath, so game is definetly broken, who will come to invest in a game where minimal taxes are 67%?
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Not broken at all. And doing your research and asking around the discord, it's easy for those that pay attention and have been around a while to tell people, it's super cheap to make a city right now for a lot less than most of us did!
@loro68 I think you don't fully understand how the tax system works. The income tax which is currently 67% is not something that the president has control over.
It clearly states:
Income tax - based on SIM price
This one is based on the average SIM token price over the last 3 days, when the price goes down, this tax should go up and decrease inflation and vice versa when the token price going up.
So even if the president add 0% tax, the minimal tax we have to pay is 67% at the moment.
So everything has been broken by @dreamm which started to play with crazy taxes and all people run away and sim loosed over 300%, now it is too late...
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SIM didn't loose over 300%. SIM is actually up since @dreamm's very first term (from under $0.0006 to around $0.001).
What is down is HIVE/SIM, which is logical, since $HIVE went up.
I like to poke fun at Dreamm and the taxes were insane, but the president in this case has limited influence on the income tax.
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The high taxes came before he was president because people had a lot of SIM and wanted to sell off to invest in other things as well. Had been no announcements for 3rd edition and people were waiting.
Now that 3rd edition is within 2 weeks away now, we are closing in on people buying up a lot more SIM so they are ready for release. Hoping to see a much higher price again and the income tax will start coming down again and we all get more daily SIM.