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.
I agree, the prices are certainly inflated in your world as compared to mine. I searched for some random items and I found it interesting that there are no 600GS muskets even available to buy, the most expensive ones on the market sell for 5k for GS 590 and on my server 5k gets GS 600.
I wouldn’t say the your economy is “destroyed” but it is interesting to note how different it is on different servers. While I wouldn’t want to pay 36.95 for Orichalcum ingots, I would love to make 36.95 making them…
I also found it interesting that on my server voidbent boots can not be bought and on yours they can, but for 16k.
Edit: I find this noteworthy too: Everfall income for the current and last period on your server:
446k and 202k
On my server: 1.4 million and 1.2 million
I am not sure what is causing the greater inflation on your server as compared to mine but I would be hard pressed to say it is the injection of gold from the tax situation given these numbers.
Wrong. ‘Giving money to the poor’ doesn’t ‘stimulate the economy’. All that it leads to is a temporary boost in spending, directly proportional to the amount given. What it does not do is lead to a sustained increase in spending, because the poor do not use that money to take a risk to start businesses or produce anything. In fact, it incentivizes them not to do such things; why take risks when you can receive money for doing nothing?
Every single chart like the one you produced relies on ignoring the flip side of such ‘stimulus’ - namely, that money had to come from somewhere. Either it’s being produced from thin air (printed), which leads to inflation; or it’s being borrowed, which must be repaid with interest, and likewise leads to inflation; or it’s being taken from someone else…who also could have spent that very same money; and the wealthier that person was, the more likely that what they would have been doing with that money is investing it or running businesses with it, which does lead to long term economic growth.
The way we know that those with money are the ones producing economic growth is obvious on its face: They are the ones investing that money. They are the ones with capital to risk starting a business (many of which fail, but some of which succeed). They are the ones creating goods and services that people want, and which represent value in the economy; they are the ones hiring people and paying wages. And it is indisputable that the more money they have, the more they do these things; and the less of their money that is taken the more money they have available. In the short term it’s not possible to see immediate effect because short term decision making is not the same thing as long term planning, but if a nation’s economic policy runs towards wealth confiscation and redistribution, the historical perspective has proven the outcome is always economic disruption and stagnation. The more confiscatory, the worse the outcome.
Clearly governments need money to function; and not being producers themselves, that means tax; and when taxes are paid, it is natural that even if you had a perfectly ‘flat’ tax, the rich would pay more in taxes. And that’s fine. But when you begin to target the rich under the belief that they ‘can afford it more’ (which is true), you are ignoring the fact that you are also targetting the very dollars that drive your economy in the first place, and transferring them to the people who are least likely to create a durable economic improvement. It may sound cruel, but the reality is that the best way to improve the condition of the poor is to improve the entire economy around them rather than by simply throwing money at them and acting like you’ve solved the problem.
Hey, I am just echoing what economists are saying, you are echoing FoxNews talking points. I can see there is nothing productive coming from this exchange. You seem to be very intelligent, it is unfortunate that you are buying what conservatives are selling.
You say this as if ‘economists’ are some kind of a hive-mind, having reached an unassailable consensus on what ‘they’ believe.
This is not the case. There are economists that span the range of thought on every issue; as well, as academics, they are subject to the same conditions and biases that tend to plague academics in general. Namely, that modern academics live in a world surrounded by largely liberal thinkers in largely liberal institutions; and it is inevitable that this will tend to drag their thinking to the side according to the politics rather than being purely based upon science.
It is true, reality has a liberal bias.
Hey, sorry, I was so busy typing that I missed you had already communicated a desire to end the back and forth. Excellent conversation, thanks!