Economic Stimulus Package
Currently, the world economy is experiencing a serious downturn. Lots of people have lost their jobs, their homes, and their life savings because this condition.
The Blogshares economy is no different. Every player has noted the extreme loss of value in the shares market, from the highs of last year to today's worthless scrap paper. In just six months, 73% of the market's value has been wiped out.
In order to help the struggling masses yearning to breathe free, the Board of Directors has directed the GIC to implement the following actions.
1) 25% of the total wealth held by the top 10 players will be confiscated. This tax will be used to fund the recently increased B$5,000,000 starting stake for new players, until the crisis has passed.
2) All corporate assets will now be controlled by the Board of Directors to dispense as they see fit. Administrative tools that allow corporate owners to distribute funds and chips will be temporarily suspended until this crisis has passed.
3) Idea transaction fees will be increased from the current levels to 10% of the total value, until the crisis has passed.
4) A new chip transaction fee will be initiated. All private sales of chips will be taxed at a temporary rate of 2%, until the crisis has passed.
To allow for a period of adjustment, these changes will be effective starting at 1500 BST, 09 Feb 2009.
Related forum discussion here.
Update: Don't worry, it's not real.
Comments
Quite pathetic, really.
If you want to make cheap - very cheap - political points why not use your B$ dollars to post advertisements (read: press releases) on the B$ front page?
It's quite amusing when Replublikans get their knickers in 23 twists.
Posted by: Rantz | February 8, 2009 2:52 AM
I was going to join Blogshares but now I won't. This post leaves an icky taste in my mouth, not just because the market is tanking, but because you're so obviously manipulating your followers in a flatheaded (yet underhanded) attempt to deface the current leadership of the United States.
In times of strife, we need to hold together, not tear things apart. If you can't figure that out, God bless you and keep you employed & clothed.
Carry on. I'm stuffing my imaginary money in my imaginary mattress while you continue piloting this silly ship to Atlantis.
Posted by: Jessica | February 8, 2009 10:21 AM
Has no one a sense of humor anymore? I thought that this was hilarious. If you can't see why then my explanation will not make any difference.
I think that Obama himself would have a chuckle with this. I hope that the rest of you can grow a sense of humor before the current crisis makes your head explode.
Posted by: Slamlander | February 11, 2009 11:55 PM
Evidently some people can't take it. While the dems are laughing at Judd Gregg cause he believes tax cuts increase revenues (despite the fact that he's been proven right) they evidently seem to believe that increased spending pays for itself, despite the fact that macroeconomists all know the historic average for federal spending is it generates .57 cents on the dollar of economic activity.
What I find so hilarious about the present circumstances is that our problems were apparently caused by too much borrowing and debt, but evidently the cure seems to be even more debt and borrowing (its not like the federal govt has cash reserves sitting around). Also please explain how soaking up what little credit there is available in credit markets with increased government debt is going to increase the amount of available credit....
Posted by: Mike | February 17, 2009 10:08 PM