Planetary/factional public finances

[Ellie Mors]

I was asking for ways to better write about one planet's public finances without necessarily having to drag the entire galaxy into this - the consensus here is that it wouldn't work without doing just that, and modeling a galactic economy is just out of our current knowledge of economics.

Cathul already accomplish medical functions ICly with space magic on the one hand, but how to better play this whole "rebuilding-an-abandoned-planet" arc without having to invoke public finances at every corner on the other hand?

For a planet of little over a couple thousand in its population, finding an average income, deciding an unemployment number, a gross global income, and all that is a bit easier.

The issue with it being done anywhere else other than your planet of Azure, however, is that even planets like Tatooine have populations equal or larger than Earth's, and planets like Coruscant have large enough populations to hold over one hundred Earth-sized populations. 100 trillion + people on just Coruscant is insane, and it's already risky business to determine government spending, budgets, etc, in the real world - much less for a government that is larger than every government times companies times people on planet Earth current-era.

Tax revenue alone from a planet the size of Coruscant, if the average income were 40K GCr a year, would be enough to fund a small defense fleet - fleets which cost hundreds of millions of credits to add a new destroyer. Our own way of discerning Gross Domestic Profit, Debt, etc, goes out the window when you're exponentially increasing the size of the planet you're working with.

BUT

You're going in the opposite direction with your planet, and it's actually quite easy to figure out all those numbers for 2-4000 people if you decide to operate on averages (or you can go and program a RNG to create 4000 random numbers and plug in another RNG or set of RNGs to simulate all the taxes and stuff one might need.) Decide an unemployment percentage, I suggest 5-8% for workable numbers (And I don't mean the way the US does it where it's only known based on if you're listed under the unemployment program, otherwise we'd be closer to 14% or even higher), decide on gross average incomes for households/people (households is more tricky because you could have multiple people in a household making money or just one person, I suggest doing single-person so you don't accidentally count a percentage twice) in 8 wage gaps. I honestly don't know how much is average for the kind of planet you're looking at in terms of annual gross wage, much less what average annual income is for someone on a planet in Coruscant in the middle class(straddling upper and lower middle), so good luck there.

Then decide on how much of a % is taxed per each of those 8 brackets (so x% for 0-11,000 cr/y, etc, etc).

Then figure out what % of the population belong in those 8 brackets

Then calculate your tax revenue from that.

Then decide on all sources of revenue for your government

Then decide how much those sources of revenue cost.

Find your net.

Then find out how many companies there are on average, how much they make, how much they get taxed (I suggest a 4 bracket set of taxes, similar to personal tax brackets)

Then add up the total tax from personal tax and the company tax to find tax revenue for the planet.

Then figure out what programs the government may run, what its healthcare costs (if it has any), etc.

Then figure out if they have a military, police, etc and the cost for it.

Then subtract all costs from total revenue (that includes internal revenue from the stuff the government does that earns its money beyond taxes)

There is your net domestic profit. Or a close proximitate.

Too many steps? That's why I would never do it.

 

[Cathul Thuku]

[member="Lily Kuhn"] Thank you. That ought to help those players who govern rather low-population planets...

 

[Darth Kentarch]

[member="Cathul Thuku"], what planet is this? a Canon one? Or one you plan to create?

 

[Cathul Thuku]

[member="Matthias Draay"] Azure is a canon planet, abandoned during the Clone Wars. Since the dominion of the Azure Hex I set out to rebuild the world... and I got Siri Tachi's lightsaber as a canon item in the process.

Azure on Wook