Scrapper Posted March 23, 2025 Report Posted March 23, 2025 It would be great if banks in the city offered interest on savings right now money just sits in your account doing nothing but with an interest system players could earn passive income by saving their money instead of keeping it taxes could balance the economy you deposit money into a savings account then every week or month the bank pays you a small percentage based on your balance the more you save the more you earn but there could be a cap to keep things balanced if you withdraw early there might be a small penalty to encourage long term saving your opinions? Quote
Quietthecutie Posted March 23, 2025 Report Posted March 23, 2025 (edited) My opinions: -If implemented without restrictions, it would vastly unbalance the economy. Many people with powerful positions and a lot of time on this server have banked up 10s of millions of dollars. allowing them to throw all that in a savings account and make dividends in a month or so would just be so much extra money splooged on the server. -If implemented with the restrictions you propose, to the level of stopping this being a problem, it wouldnt be worth the time or effort to code and develop, for the difference it would make. the dev team for the server is tiny and needs to focus on what makes the biggest impact. Finally, a little history lesson. 3 hours ago, Scrapper said: players could earn passive income You had to say it . Over the past few years Devs have been on a warpath specifically to remove passive income on all but a very minor scale. cooking in properties, cooking in RVs, nerfs to casino, changes to numerous other jobs and activities to encourage people to ACTIVELY make money. The reason they do this is because it makes the server feel more alive. you want cash? get out there and earn it. no free rides. Edited March 23, 2025 by Quietthecutie Quote
Ritchie Stones Posted March 24, 2025 Report Posted March 24, 2025 - 1 it would be better if people invested money into things, that would have economically better results for everyone, and let that be more rewarding, if people would just have their money sit in the bank making more money, rich people would be richer, and would spend less, and things would get stuck very quickly. Quote
AtlasOLimbo Posted March 24, 2025 Report Posted March 24, 2025 (edited) -1 The rich on the server do not need another way to make money by quite literally doing nothing. Edited March 24, 2025 by AtlasOLimbo Quote
Ritchie Stones Posted March 27, 2025 Report Posted March 27, 2025 On 3/24/2025 at 12:25 PM, AtlasOLimbo said: -1 The rich on the server do not need another way to make money by quite literally doing nothing. your comment sounds oddly specific to a certain group, there is nothing wrong being rich, those people made certain risks being constant with it and making money, they deserve it, however I don't think interest in the bank is a useful rp thing, but your comment make it look like you hate people who did turn out maybe better than you Quote
Quietthecutie Posted March 27, 2025 Report Posted March 27, 2025 1 hour ago, Ritchie Stones said: your comment sounds oddly specific to a certain group, there is nothing wrong being rich, those people made certain risks being constant with it and making money, they deserve it, however I don't think interest in the bank is a useful rp thing, but your comment make it look like you hate people who did turn out maybe better than you There is nothing wrong with being rich, youre right. but its a fundamental point of server balance to try to keep the increase of wealth at a minimum, and to try to continue to encourage people to get out there making money, spending money, rinse, repeat. so atlas's point is still valid I feel particularly the "quite literally nothing" part, which I think we can all agree isnt the play here. Quote
Scrapper Posted March 27, 2025 Author Report Posted March 27, 2025 (edited) On 3/24/2025 at 1:04 PM, Ritchie Stones said: - 1 it would be better if people invested money into things, that would have economically better results for everyone, and let that be more rewarding, if people would just have their money sit in the bank making more money, rich people would be richer, and would spend less, and things would get stuck very quickly. i see your point and i agree that investing money into businesses and assets should be the most rewarding option my suggestion isn’t about making saving the best way to earn money, but rather adding another layer of financial RP a balanced system could be low interests rate if someone has 100k they’d earn 5k per week but someone with 40k wouldn’t earn anything this encourages players to actively manage their money rather than just hoarding it would this balance work better? Edited March 27, 2025 by Scrapper Quote
Eliza Posted March 27, 2025 Report Posted March 27, 2025 This would inflate the economy worse than it already is. Quote
Salvador Rivera Posted March 27, 2025 Report Posted March 27, 2025 1 hour ago, Eliza said: This would inflate the economy worse than it already is. The economy is not hurting anything. What did you expect when you played on this server for 6 years and still had to be poor? Legal people just keep getting richer and criminals stay the same because they have to fight for every penny. There are very few things on the server where you can spend money at all, so everyone is saving it. For legal people, for example, they don't spend anything, they just save it from their paychecks. I don't see a huge difference in that. I voted for at least there would be some sense in all of this. The problem is that there are very few options to trade your money or grow it . Quote
Scrapper Posted March 27, 2025 Author Report Posted March 27, 2025 1 hour ago, Eliza said: This would inflate the economy worse than it already is. The idea isn’t to flood the economy with free money but to give players an incentive to manage their finances wisely lowering the interest rate to 2-3% maximum cap interests of earnings applies up to 500k and you must have 50k to start earning and should be adding taxes and withdrawls fees investments and businesses should still be the main way to make big money while saving would just be a small steady option Quote
Quietthecutie Posted March 27, 2025 Report Posted March 27, 2025 17 minutes ago, Scrapper said: The idea isn’t to flood the economy with free money but to give players an incentive to manage their finances wisely lowering the interest rate to 2-3% maximum cap interests of earnings applies up to 500k and you must have 50k to start earning and should be adding taxes and withdrawls fees investments and businesses should still be the main way to make big money while saving would just be a small steady option Maybe we could set up our characters 401ks too while we are being money savvy. The server isnt that deep. If you have enough money, great. If you dont have enough money, go earn it. Quote
Scrapper Posted March 27, 2025 Author Report Posted March 27, 2025 5 hours ago, Quietthecutie said: Maybe we could set up our characters 401ks too while we are being money savvy. The server isnt that deep. If you have enough money, great. If you dont have enough money, go earn it. the main issue isn’t just about havin money but about what to do with it right now if you’re legal you just stack paychecks with nowhere to spend if you’re illegal you have to grind nonstop while legal players keep getting richer passively I’m not saying we need a full financial system but adding a few more ways to invest could make the economy feel more dynamic Quote
alexalex303 Posted March 27, 2025 Report Posted March 27, 2025 6 hours ago, Salvador Rivera said: The economy is not hurting anything. What did you expect when you played on this server for 6 years and still had to be poor? Legal people just keep getting richer and criminals stay the same because they have to fight for every penny. There are very few things on the server where you can spend money at all, so everyone is saving it. For legal people, for example, they don't spend anything, they just save it from their paychecks. I don't see a huge difference in that. I voted for at least there would be some sense in all of this. The problem is that there are very few options to trade your money or grow it . Outside of a few people that owned dealerships for years, I reckon the average old time criminal has more assets than a legal character. Just some stashes I've personally seen are worth like 3 years of working a legal job. Yes, it's steady money and yes you don't have as many sinks but in most cases you're making 6k an hour. That's nothing, you make more doing bus route. Quote
Quietthecutie Posted March 27, 2025 Report Posted March 27, 2025 4 hours ago, Scrapper said: the main issue isn’t just about havin money but about what to do with it right now if you’re legal you just stack paychecks with nowhere to spend if you’re illegal you have to grind nonstop while legal players keep getting richer passively I’m not saying we need a full financial system but adding a few more ways to invest could make the economy feel more dynamic The soloution to that problem is not making even more cash for doing nothing and getting exactly no interactive activity out of it. Quote
Demonmit1 Posted March 27, 2025 Report Posted March 27, 2025 The current system works pretty well, the less wealth you have, the more basic income you get. There is already a system where if you have no money, you passively make more money just by being on the server, getting $1000 every hour online. making it so that people with more wealth will get more money passively from doing nothing seems like a bad idea to me 1 Quote
