Petition to Balance the Linden Federal Deficit

LL's spending habits are still outrageously out of hand.

There is currently L$681 million in the total SL money supply. Month-to-date, L$61,596,556 has been "created" and injected into the money supply. In the same time frame, only L$19,974,323 has been taken out of circulation, resulting in a money supply increase of L$41,622,233 on a month-to-date basis (not including today's stipend payments). Factoring in these payments, its possible that L$50,000,000 of new money will have been injected into the economy this month alone - thats a 7.8% increase in the money supply in ONE MONTH.

Annualized, thats a 93.6% increase. By this year's end, LL is running a budget deficit of roughly L$600,000,000! By year's end there will be over ONE BILLION L$s in circulation.

Enough is enough. We need to get LL to stop their slash-and-spend ways. Balance the budget! We cannot endure this runaway inflation and devaluation of the L$.

While it would be nice to have social programs such as dwell and free money stipends, the nation just cannot afford it. Please, lets stop mortgaging our futures.

Please, show your support here.

do you spend this much energy on the us federal deficit?

I make sure not to own any US treasury bonds or rely on Social Security.

I still think you need to add ending corruption by casino owners who rig thier games, gaming places that rig thier tringo and slingo, and shop owners who resell free content to unsuspecting ppl.

Perhaps after we balance the budget there will be time for that. Until then, we need to focus on items affecting the entire business community as a whole.

Wait, I thought it was a Linden federal surplus???

Nope.

Any L$ creation that exceeds sinks is a L$ deficit (or net L$ creation).

Um... okay... >.< You just hurt my head. I think I'll just take your word for it.

These threads are getting boring. Lindens Labs will do what is in their best intrests and not yours.

their best interest is profits. You do not add to their profits aside from your $10 a day plus the %3.5 fee of the small ammount you pay through Lindex buy. Sadly, LL will make their choices based on what is in the best interest of the land barons, SL business owners, and the people with the large mounts of L$ (none of whom are stupid enough not to remember that yes, they DO need customers).

A stable economy is in their best interests.

Instability = Fewer Business Owners = Less Content = Less Interesting SL = Fewer Players.

Jamie, use something other then the word 'deficit'. It's not a deficit, for the eleventy billionth time!

Well let's see.....talking them into killing 80% of the customers in SL didn't do a lot of good for in world biz now did. And as far as your thing about les content, well there wouldn't be les if content creators had incentive to build same...basics with no money equals less in sales and less incentive and this in turn equals less content in SL. Wonder what other excuses you might find to NOT adress the real problem.

"I still think you need to add ending corruption by casino owners who rig thier games, gaming places that rig thier tringo and slingo, and shop owners who resell free content to unsuspecting ppl."

Person A: "We have a problem with X! What shall we do about it?"
Person B: "What about Y and Z? We have problems with them too!"
Person A: "Umm...but we're talking about X right now. Can't we talk about X?"

"talking them into killing 80% of the customers in SL"

Are you seriously suggesting that 80% of SL residents never spend more than L$50 a week?

Musuko.

by that logic... you shouldn't own any l$ or rely on the value of the l$.

I Support you....

Yes it is. Outflows are greater than inflows, thus a DEFICIT.

So, Jamie, have you used your Burning Iris yet?

I didn't think so.

Until you do, your opinions have all the merit of a bird's statue decoration...

I don't need your input. I will not use my Burning Iris because I sell all my L$ on LindeX.

What kind of fool "burns" money?

I laugh at all you fake Capitalists, while I count my stacks.

I paid for my stipend, you need to only count basic account stipends as free.

Second, go fix the US deficit first.

Hey, you're the one bitching about an oversupply of L$.

Only one word can desribe you:

Hypocrite.

No, I'm not a hypocrite. Why should I have to donate my stipend while others cash out?

Instead, LL should fix the problem. Not rely on me to voluntarily give up money.

sheesh

Jamie, you do realize that there was already a 681,937,443L$ 'deficit.' If LL used your logic in creating the economy of SL there would be 0L$ currently in circulation. What kind of economy has no currency?

i think taking away stripends is the worse thing in the history of the SL ecconamy...

i think lindon labs may want to slowly remove themselfs from the Sl ecconamy... Yeah thats a good idea but they can't.. not competely... since SL ecconamy isn't a real one... since:
you DON'T food
you DON'T wear out cloths
you DON'T require clothing... i.e you can't get cold and die
you DON'T Die
you DON'T sleep
you DON'T have electricisty, gass, water bills

theres hundreds of things which are diffrent... again no ecconamy is perfect but i think secondlife is doing preaty dam good now... if you fiddle with books too much you'll go from allmost perfect to wacked out and undo too much hard work.. they should have waited a few months to see the impact and the status first.

also i don't think the ecconamny is too messed up yeah it isn't 1:1 ratio but i think it would scare people if it was... who would pay £100 for a virtual shirt lol... unless L$ can do in decimals they shouldn't make the price increase or people won't buy stuff since you can't half a L$ any more up. after all if most thing on sl were L$ 1 which was equlialent to say $1 none would buy and small items.. none could make stuff cheeper.


i understood the dew thing but this will mess up the game... after all it is a game. people won't play if they can't have fun. theres too many catch 22 things on the whole removal idear.. although i'm a paying member i would consider going to free if they do conferm a date out of fears of prices going stupidly down on land.

here's a few examples of how removing them will mess up the ecconamy:

Land owners and mall owners will have another harsh blow...after all thats where the real money is paid to SL through land tarifs. since there won't be anyone able to rent from them due to the whole you catch 22...
you can't sell unless you have land to sell on
you can't rent land/mall space if you don't have cash.

newbies won't know to save up for rent space, they will likly blow there cash on looking good and besideds designers mature like wine.. most arn't good when they start they pick up things... so they proberly won't make any money at first to pay for mall space.
if people without land don't rent, then the mall/land owners will downsize... land prices will drop stupidly.. ecconamy will crash and all SL will die... anyway why would they pay real cash if they have none to rent to? they don't get dwell any more so theres no use of large land with out them.

with out some starting/weekly cash newbies can't upload.
another catch 22...
can't upload
can't sell
can't make money to upload

next
increase of prostitution in SL...
this will be most DEFENTLY happen... newbies get costed in with the promis of cash and fun and some nice clothing to wear... and end up as slave like prositutes... since they can't do anything else on sl with out it like shop, play games etc.

casions and other events at malls and such will close
another catch 22
with out people renting they have no need to make events for people to vist.
which makes people get boarded and leave.

But outflows (sinks) are not greater than inflows (created lindens)

Wouldn't calling it a SURPLUS of Lindens in circulation actually be more accurate?