It has always “worked” in the sense that the true purpose has always been to help the rich get richer, this it does well.
As far as helping everyone, it has literally never worked according to economists that are not paid shills.
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Baseless accusations instead of providing any facts or evidence, this is not at all surprising.
Did you miss the posts where I said the whole system is broken and needs to end completely?
I am not defending this system, I am not RWT, and I am not at all wealthy in game.
I am calling out your poor assertions because you are wrong. It is possible for you to be incorrect AND the system to be broken at the same time, the two are not mutually exclusive.
Yeah its pretty bad. Pure solvent is selling st about 1g a piece. Fibers are about the same price you stated .10-.14g iron ore sells at about .85g
What server is this? I would be curious to see the prices of all of the components required to make an orichalcum ingot for example to see if they are relative to the price of iron ore or if they are further inflated.
Trapalanda US east
Thanks. Wife and I are headed to the gym but I will take a look and follow up here when we get back.
each player from big companies already have full 600 gear +500k gold per/person.
200 all professions.
Poor new players coming after th party and hard xp their professions when it was easy to get 200 in 24 hours before…
That is sad
Yes, it literally has worked; and calling anyone who doesn’t agree with a position ‘shills’ is just a logical fallacy. Beyond which, you tried to post an article talking about ‘tax cuts’, which is only a very small part of an overall economy and is complicated by so many other factors that it can’t be used as a true representation of the theory of ‘trickle down economics’.
Facts matter. Fact: In 1970, the average wage was $6186.24. In 2020 - 50 years later - that average wage was $53,383,18. Due to inflation, every dollar earned in 1970 had the spending power of $6.97 today. That means that the average wages in 1970 would be worth $43,118.09 today.
The difference between $53,383.18 and $43,118.09 is $10,265.09. In other words, the average person in 2020 had 23.8% more spending power than they did in 1970.
That is precisely because we are all getting richer. Not just ‘the rich’. And that is happening because the entire economy is growing…which is happening due to economic activity…which is overwhelmingly driven by the wealthy.
Please list the other ways the theory of “trickle down economics” are being applied in the US economy.
It is a straight up exploit, the companies who own ww and ef control the market and literally pay coin to other factions to “regulate” settlement balance… it’s absolutely stealing and ags needs to take that printed money back, or else inflation will be the actual destruction of this game.
You mean besides the fact that everyone alive today has more spending power than they did in 1970? How about the fact that in addition to ‘money’, everyone’s quality of life has similarly dramatically improved? Innovation has led to an explosion of new products and services, and competition has generally led to those products and services becoming increasingly more efficient and less expensive. And again…innovation and the introduction of new products and services, and their subsequent distribution, is overwhelmingly driven by investment from the rich.
Please list the other ways the theory of “trickle down economics” are being applied in the US economy.
Gold is worthless in this game anyways. I see no problem.
Oh good grief. Now you’re just trolling.
I’ll answer your repetitive request with a request of my own: Please identify any society on earth where the long term widespread redistribution of wealth to the poor has produced growth similar to that found in the United States over the same time span (1970-2020).
As far as I can tell the only people saying this are either so well off that gold is in fact meaningless to them and those few who play a subsistence style of gameplay. For everyone else? Gold is not remotely worthless.
Since you won’t answer, I will answer for you. You can’t name any other ways that trickle down economics are being applied to the US economy outside of tax cuts for the wealthy because there are none. This is not my opinion, this is fact.
This is literally the definition of trickle down economiucs:
Trickle-down economics, or “trickle-down theory,” states that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else
It is also not my opinion that trickle down does not work, it is the overwhelming consensus of economists who have studied it.
You have been duped by a HUGE marketing campaign funded by the wealthy to make people think that it works because for them it does.
But I am sure they really appreciate you carrying water for them.
Your opinion is just that: an opinion. A consensus is just that: a consensus. Neither of those lead inevitably to ‘fact’. The ‘consensus’ was once that the earth was flat. The ‘consensus’ was once that it was at the center of the universe. The ‘consensus’ was once that it was acceptable to own other human beings as slaves.
Facts, though, are persistent little buggers; and they hang around no matter how often you try to explain them away, no matter how loudly you yell or how many people do the yelling. The facts are as I presented - everyone is getting wealthier right along with the rich, because the rich are the largest single factor in economic growth. And so the richer the rich get, the richer all the rest of us get. Perhaps not in the same proportions, but that’s hardly relevant as long as the trend for everyone is ‘up’. Except, of course, for the envious; for whom no amount of progress is acceptable as long as someone else is progressing more.
The people who try to ‘debunk’ trickle-down theory always try to limit the discussion to the examples where a single specified tax break didn’t produce immediately verifiable results consistent with the theory. The problem, however, is that as I said before the economy is far to complex to be able to pick it out with that specificity. It is the general trend that you have to watch - and that trend has indisputably and undeniably been, ‘as go the rich, so goes the country’.
Then how do you know it was trickle down economics that produced the results you are pointing to? There are a large number of factors that are producing the economic growth you are pointing out and it is entirely possible that the growth you are citing is in spite of tax cuts for the wealthy and that we would be in even better shape without them.
I mean, this is what people who actually study economics for a living are telling us, but I am sure you know better.
Here is a pesky fact for you. Giving money to the poor stimulates the economy FAR more than tax cuts do:
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Tell me then, what can you buy with it? A BIS LEGO weapon for 140k? No thanks!!
I login every day I do my chest runs I run expeditions I power level professions and at no point have I come even remotely close to running out of gold.