| Devlin | Saturday, April 27, 2013 - 12:00 pm 
I've noticed that when your country's assets are being added up (basically your country's GDP) Private assets i.e. Private corps aren't counted... Would it not make more sense to have it counted. I mean even if the private corp is paying no tax, it still pays the country for its business and it also employs workers and pays them a salary, contributing to the country in that way too. I think it just seems a bit ill thought out. I mean what if a country had no state corporation and only private corps, the country would be very wealthy but it wouldn't be reflected on the total assets. |
| Andy | Saturday, April 27, 2013 - 12:48 pm
Assets meaning the value of the corporations.
Private corporations are not owned by the country but rather, they are owned by the enterprise and counted as assets of the enterprise.
The do contribute to the country.
In fact, they contribute much more than state owned corporations.
The contributions from these corporations count as income for the country. |
| Devlin | Saturday, April 27, 2013 - 06:03 pm
Yea but shouldn't that mean that they are counted as assets to the country also. The country values the private corporate investment precisely because they contribute to the country revenue and also employ workers. In any real country in the world, corporate assets are counted as apart of the GDP (a country's total assets) so why isn't it counted here. Im saying this mainly because a situation could arise where a country has cash well over 20T largely due to income from enterprises and likewise since private assets aren't counted as country assets, that country's total assets only go up to say 25T (including things like army assets, like ammo and weapons, and also material resources), whereas a weaker country would be in a cash deficit of say -1T and yet still have more total assets than the richer country - who has more private enterprises vested in it - because perhaps it went on a spree of setting up so many state corporations, even after the population couldn't handle it but the state corps still have market values of over 100B each. Making the situation look like this:
Rich/Stronger Country - 95% Private Corps
Cash: 20T
Profit/Loss: 17B
Total Assets: 25T
Weak/Financially Bankrupt Country - 100% State Corps
Cash: -1T
Profit/Loss: -9B
Total Assets: 30T
As you can see, if we just judge a country off the back of its total assets, which people can be justified in doing in most circumstances, then it can give a false description of the wealth and power of a country. A wonder if i'm incorrect in assuming that this is a strange problem. |
| Aries | Saturday, April 27, 2013 - 06:16 pm
GDP is not assets, it has to do with value of production. I think what you are looking for is located at the bottom of the business page. There you will find a section titled "Production Value of Corporations by Product Group". If you look at the total for all corps, this is your GDP on a monthly basis and includes all corps located in your country. |
| Jark Valiga | Sunday, April 28, 2013 - 12:43 am
Devlin you are very confused |
