Sales and Property Tax

I dunno, I use 'buy' L$.

There, if I put in a buy for L$1000, it tells me the rate is $4.02

I'm assuming the difference has something to do with fees

$3.72? Heck, I'll give you $3.90!*



-Ghoti

* This is in no way actual offer to buy your L$. Youur milage may vary, void where prohibited.

*Yawn* I suggested this months ago.

Amen Brother. Me either.

Probably would have been a good idea not to mention it those many months ago then.

Oh, I didn't support it.... I just suggested it.

Something has to be done about this rampant inflation.

What rampant inflation would that be?

And how would shuffling money from one group to another fix it if there was?

The cranium of Second Life's Top Economic Mind?

LL must add some money to the economy anyway as more join. There is a calculation used to figure the exact amount needed as the economy expands.

Actually, the value of $L has more to do with the faith people put in it, more so that the amount of $L on the market.

Let me explain.... If one has faith in the $L holding value or increasing, it is wise to hold the money in $L rather than change it to $USD.

If more people hold their $L, there will be less on the open market. With less on the market, and sellers not feeling rushed to sell, prices for $L increase.

The main reason I believe the market went from $L253 to $L268 was because the hub change caused some big money players to cash out. But even with that, the $L has maintained a reasonable level of stability. The current value seems to be stable and most likely will regain strength as the hub issue subsides.

As for sales taxes... The buyer must pay the tax, because business always passes the cost increases on to the buyer. The poor newbie with $L50 a week will love paying a tax when buying a shirt, to help cover the cost of some project the new user will not even see. It sounds a lot like how things are in the RW, paying taxes for things we don't support. Rage on war, we are paying.

Taxes would require representation. That would require elections for the people who hold power. LL will never suggest we have a representative type government in SL. LL does as it pleases, and we can either like it or not.

Yah I'm dubious about the 'me either' reply in relation to 'working my ass off to line others pockets' too

Let's say there are two groups:

1) Shopaholics who use up their weekly stipend to immediately buy as much clothes and toys they can.
2) Others who rarely buy new things, have a premium account to own land and end up selling most of their lindens for USD.

It seems that a sales tax that would be refunnelled into increased stipends would benefit the second group and hurt the first. My guess is that it would inhibit the growth of the sales transactions rather than increase them, creating a drag on the economy.

IMHO Linden Labs should run a Vegas sim, with casinos and hookers, to pay for stipend

Let's keep Death & Taxes in the real world, yo.

As a Vegas resident (and not sure if there isn't ALREADY a vegas sim) I'll have to insist that an adjoining sim called 'Pahrump' be maintained for the brothels... There is an ordinance that prostitutes can't 'ply the wares' inside city limits.

Strippers, lapdancing, gambling, booze on the streets, and the keeping of exotic animals is AOK.

ah yes, it's the fees. The fee per purchase is a fixed 30 cents US$, so the less lindens you buy the more expensive your average exchange rate is. You see 4.02 for 1000 linden, and if you type in 10,000 you'll see a lower figure

the sellers also see the 3.5% fee taken out of all their sales

but before fees, the exchange rate right now is 3.73

I don't want to hijack the thread, so I started a new one, I think there is a better way...

/130/ff/81116/1.html

okay the thing that seems clear to me with those of you who want to remove stipends and supplements, seem to not understand that currently SL is not a closed economy, its a global economy that relies on other 'worlds (RL)'s excess resources to survive, and that land, in the privately owned sims, is not limited, like it is in the real world. Tomorrow 100 new sims could pop up on SL with out effecting the rest of the world's available land.

land supplements like that of the DI work similar to the current system of farm Sup's, where the 'government' gives the farms x amount of money for being a farm and producing a product, to help cover costs when times get rough. the idea behind this is that during the good times the farm isn’t going to use the sup and hold on to it, but redistribute it through out the community similar to the way that a tax break to the middle class would work to stimulate an economy.
I’m a huge patron of the FN worlds and love them to death (Sel please don’t sic Nexxus on me I’m just making an observation) the problem with the way they are running right now though is they rely on the sups just to function, in good times and in bad.

i would rather see FN and similar sims function more like a non-profit organization ran with a more business minded way of doing things rather than being ran like a farm that cant produce enough corn in the good years to pay the bills. of course in the real world with out the Sup's the farm would go under and a more profitable solution for the land it controls would be instated, but in SL it really doesn’t free up any land (as long as its not on the main island) so that notion of a free based economy doesn’t really help out LL.

what LL needs to do is take the DI and redistribute it to the 'middle' class of SL, those who will spend it in game, re-establishing the market based economy that it once was rather than sending it to those with the money chairs who are trying to turn a USD profit, which causes a drain on the value of the $L and hurts the in world economy.

perhaps things should be reconfigured so that community hosting sims can be classified as non-profit's and be there for the sole enjoyment of the users, and thus DI be awarded to those, that goes to pay for the system its self so no profit could be made off the sim. that way the sims that benefit the most users, get the most rewards?

of course then your 'for profit' groups like casino's, clubs, etc. would not benefit from the DI and whose only form of financial assistance would be the Dwell which could be enough to keep it running during a few tight months, but definitely nothing to survive on alone. adding to the sink or swim idea.

you'd almost need two different forms of benefits, one for those sims that are privately owned, and one for those based on the mainland. after all mainland land is a commodity that is in high demand, and based on a free market approach.

when faced with any type of economy based ideas you gotta pretend SL is its own country, and like any surviving country into days world, it has imports and exports.
the chief import of SL is USD, the chief export? enjoyment/entertainment. so if entertainment is what’s keeping SL alive, then why not reward those who entertain the most?

im not sure exactly what i have created, these are mostly thoughts/observations that i compiled while at work, mostly food for thought.

Define "small players" please.

Also how does every time LL creates stripend does it devalue the L$ ? I can understand when LL creats stripend for basic or free accounts but for premium accounts your buying that stripend every month when you pay your membership fee.

This is what taxes will do to me - mainly property tax:

I pay $75 + premium account per month.

Add taxes on the land I own =

No more land ownership & No more premium account.

Sales taxes i could possibly support - I’m "iffy" on that subject.

I see no reason why a small portion of my tier can not be used for wealth distribution. The ends results of property tax for me are listed above; and what about the 3.5% for selling on Lindex? I realize that money is needed to support the servers and staff of LL. However, I know those land owners i am closely associated with have the same opinion on this matter - we are not large businesses. If we make enough to cover a portion of our tier, great, if not, that’s ok. What are the end results of an economy where many are selling or dropping their property and few are buying?

- Panther

taxes r teh suck

Hi,



Won't it be better if LL just ponied up the USD and bought 100,000 lindens from their own Lindex?

The likelyhood of something happening in a corporate enviroment is inversely proportional to it's cost.

LMFAO. I presume your post is sarcasm/humor, yes? Tell me it is?

Otherwise go back to my original post and it's disclaimer and realise the irony of what you posted. I did not call you anything. If I did, AR me! Please!

If you recognise yourself as a freeloading scumbag, that's really not my fault. Personally I don't think you even comprehended my original post at all.

No I just get sick and tired of being told I have to give up my coffee, pepsi's, and going to movies so I can enjoy SL. Then we have all this talk about taking away the weekly stipends for preimum members.....that is part of what I rely on to stay in the program. I think it is wrong to address all the free account holder as freeloading scumbags....or making a general statement like that, it is like calling all blondes dumb....that is the reason why most stay as free account holders..........no AR I just consider the source of the remarks.....I will still have a good time in sl and hope you do too.....lol

which has what to do with my post?



Oh I SEE. You simply have a reading comprehension problem so you're blaming me. Find me anywhere I've ever said free account holders are freeloaders?

Try reading the posts to see what the content says rather than making up what you think it might say and responding to that instead?

Easy there lets keep this freindly and professional