DCity Agenda: Day 4 - The Deep State of DCity: INCOME TAX

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Today my fellow citizens, today is a great day to talk about the forces behind the scenes. The ones who move the levers even I, your President, cannot control. The hidden hands that move the cleverly implemented INCOME tax each day.

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Now the very first tax, is the one that no president can set. This tax is set by the 'market'. How it works is that the market price of SIM tokens is taken each day, and the last three days moving average is calculated. The lower the price of SIM is relative to its peg of 0.005 or 200 SIM per Hive.

Most recently, the INCOME tax has stayed stable at 9%, and the price of SIM has hovered around a 10% discount rate to its peg.

Not only will less SIM be printed as the price drops (due to this tax), but players will be incentivized to buy up this cheap SIM and trade it in for cards, at 800 SIM per card.

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This clever system is self correcting. The Deep State in DCity, in terms of taxes at least, is an algorithm. How can we control the algorithm? By controlling the price which we sell SIM tokens.

If those who were selling SIM tokens as takers, taking whatever price that is listed and forcing the SIM price down, would instead list their sells at a higher price, the INCOME tax would be lower. This is a relative statement no matter the current SIM price.

This feedback mechanism protects the game in times of boom and times of bust.

There is one other interesting use for the SIM price, the cheaper it is, the easier it is to SAVE your SIM. We are seeing a growing pool of SIM sitting off-market as the Presidential Elections heat up.

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The only thing that SIM VOTING POWER is useful for right now is voting for president, but since you can buy any open edition cards or sell them on the market at any time, holding SIM is a very liquid option.

I forsee more usecases for the SIM voting power. Perhaps we will be able to vote for which type of minerals we will go to war over. (STAKE WEIGHTED POLLING). I hear lithium is very popular for making batteries for all those wind turbines and solar panels.

FREEDOM AND FRIENDSHIP DCITIZEN



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4 comments
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Thanks for breaking down taxes for me 😅😆🤣 i actually needed that breakdown.

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Sooooooooooo I am the Mom of The President? Do I get a cool name like ......IDK? can not think of a cool name right now LOLL

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