online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
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What is Simcountry?
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What is Simcountry?

!!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Simcountry: Simcountry Bulletin Board  !!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Bad Karma (White Giant)

Saturday, December 25, 2004 - 09:39 am Click here to edit this post
Problems with limited liability...

1) You should have a check box as to if you want to offer loans to such a corp. Or be able to charge MUCH higher interest, of at least 5 percent more for the much higher risk. So at least 6.75 at current rates.

2) Corps available to limited liability, if public need only have 50B asset value (easily achieved with tax manipulation). Those corps can so easily be abused it wouldnt be funny by either a president or CEO. Having them sell goods to other corps in the country at -50 in a red market while buying from other corps at +50 in green markets as an example. Pretty much the same deal as the slave CM just that you can do it from within any country. (Making the material balance mean something could help prevent the slave CM, but then look to #5). No need to worry about the accumulated debt as others pay the bill, in particular the lenders. At least now there is some repurcussion to doiing this.

3) You could also if you actually tried, build debt based solely from one player (taking loans repeatedly till they are all from the same person, paying back others with the new money) and then intentionally defaulting to cost said player money. Not a big issue, but im sure it would be done by many.

4) Debt Limits are nice but as Elle said you cant lower them much more. Should be at least what the cost of upgrading to 200/200 on average would be plus 1 year of supply at its average cost. Corps just dont make much until they are 200/200. Market situations dictate not only what the corp makes but a country. Weak markets mean weak taxes collected and little to put back into corps. This is especially true of new countries. Current markets reflect this, if not for abit of player intervention *right word?*, the markets would be even weaker. This can be side stepped using #5 however

5) Side issue. Think presidents should be reset if their debt reaches a certain point for their country. No more magic money if assets drop below a certain point. Have seen and know of people who run countries in the Ts of debt because they know they will get magic money to bring them back to about 1.5T in debt and have no repurcussions. Example would be when people use 1 slave to buy all the Def weapons and ammo for their entire empire with one country and then sell it to the other countries for much lower rates. *Looks around innocently* Or just repeatedly take out loans to feed into corps since country debt means relatively little currently.

There are a few more but its been a long day.

Simcountry Introduction