Post by Josephus I on May 17, 2010 13:35:13 GMT
A New Economic Future For Nova England
Actually one thing I was thinking of doing was sorting out a decent economy. Because we have had several attempts at doing it and somewhat failed. So heres my current proposition on how we can at lest make a semi-functional economy.
Wages
Well first would be the introduction of Government wages. These would be paid from my own money account and would consist of something along the lines of:
Chief of the Witan – ND£400
Ministers – ND£300
Senior Clergy – ND£300
Then this would be paid into their forum accounts on a set date every month. Then following this there would be a small income tax and if they own a company then there would a form of Corporation Tax.
Buying and Selling
The next part of improving the economy consists of actually getting consumers into spending their money within the national economy! This is so that we start to get a decent flow around the economy. So we need to come up with a number of ideas on different things that we could spend our hard earned ND£ on.....
One example would be INVESTMENT. In that once you have saved up a certain amount of money you can establish a firm after contact with the MoIA then invest your money in equipment and advertising. By doing this and forming a developed company you can get the benefits of gaining up to an extra ND£100-1000 a month depending on how well developed the firm is.
Another example could be in FUNDING your own gladiator. Which would consist of a small fee to the National Police Force or directly to a Private Military Contractor to buy your 'Gladiator'. Then simply spend your cash on training, weapons and fees for any Rec-War style gladiatorial battles
Then there is the more obvious example of simple CONSUMER SPENDING. This would consist of simply spending money on a number of different schemes or general products. For example buying lottery tickets, betting on Wing Chun matches, purchasing your own personalised G36 Rifle...
The Business Cycle
So in order to have a decent functional economy, we have to be able to establish a business cycle that has a minimum amount of leakages but a decent level of sustainability. So we have to be able to create an economy that in effect uses the same amount of money at nearly all stages. By this I mean that the government may only use funds gained in Taxes and State Firms. Whilst a business can only use the money that it is able to earn as well as any private investment. Hence as we eventually gather a few more citizens we should be able to move people away government wages and give them wages based on the company's earnings. In the meantime though the government will have to borrow money from the National Central Bank. Whilst future citizens that are not in government jobs will be able to claim a form of benefit in order to get them spending and consuming in the economy itself.
The main problem if any at the moment would be a bias on government wages and the fact that only I would be able to transfer money between citizens accounts...But this is something that can be easily sorted out with an external bank account system.
Government Budget
Now as I said before the government budget relies on taxes and income from its state firms. So the initial budget is based mainly against a loan from the Nova English Central Bank. However overtime and as business start to develop the government will be able to lower its budget deficit and the economy should be able to run somewhat more smoothly. So here is an example of what the government budget for this year would be.
Government Income:
Income Tax – ND£1200.00
Corporation Tax – ND£00.00
Leakages:
Government wages – ND£12,000
Government Budget [2010]
ND£25,000
48% - Government Wages
10% - Citizenship Packages
12% - Welfare
10% - Ministry of Interior Affairs
20% - Ministry of Defence
ND£25,000
48% - Government Wages
10% - Citizenship Packages
12% - Welfare
10% - Ministry of Interior Affairs
20% - Ministry of Defence
So yeah as you can see we would currently have a deficit of around …. ND£23,800 which is pretty shitty however this is over the course of the whole year. So we should be able to reduce this as we develop the economy further so that at the end of the year we can pay back as much as possible to the NECB!
Any Questions or Suggestions?