The carriage continued to move forward for only a quarter of an hour, and Ogawako, who went to inquire about the news, came back quickly.

"Report to Your Highness, those people are discussing the matter about the national debt."

Ogawako reported respectfully and in detail: "This morning, several large merchants in Beijing led by the Liu family had reported that they wanted to book the quota for the people to purchase treasury bonds in advance and were willing to add 30% of the benefits. However, most of the people did not know what the treasury bonds were, so the big merchants sent people to explain to everyone."

"I also found out that not only the place we just saw, but more than a dozen places in all parts of the capital have set up similar inquiry offices, mainly to explain to the people what national debt is, and their merchants will acquire this thing."

Ogawako's reply made Li Chen very satisfied.

What he was satisfied with was Nangong Shouzhong's execution efficiency.

Sure enough, everything was already underway as planned, and it was even better than he thought.

"good."

Li Chen nodded and asked, "How is the people's reaction?"

Ogawako answered honestly: "I haven't been observing for a long time. From a general understanding, the people are still curious and wait-and-see about the new thing of national debt. However, because the court's reputation is guaranteed, and those big merchants are also taking real money to buy it, many people are still moved."

"I understand, please step down for now."

After Ogawako left, the convoy re-loaded.

As long as the treasury bond plan can be implemented smoothly, the funding problems that hinder the development of the court can be completely solved.

Although the court subsequently suffered huge debts due to national debts, Li Chen already had a plan to repay the debt.

To put it bluntly, it is very simple to increase the treatment of merchants and increase the proportion of commercial taxes.

The real source of national finance for any national system must not be grasped by the farmers' wool, and farmers cannot bear it at all.

As for the feudal system that lasted for thousands of years, the weight of peasant taxes was so great that people living in modern times could not imagine.

At least 40% of the harvest of a mu of land will be taken away by the court and local governments, and the remaining 60% will also face the losses of landlords, grain merchants and various natural disasters. The farmers may only account for less than 20% of the actual harvest.

Even so, few courts in the feudal era were truly wealthy.

This is the bloody example and lesson.

If the court wants to be rich, it is necessary to make the businessmen live a better life. Merchants make money from the whole world, while the court only makes money from merchants.

Merchants make profits from the people, the court collects commercial taxes from merchants, and then uses these commercial taxes to the people. Such a simple triangular cycle is the fundamental basis and core logic of the modern tax system.

Li Chen’s current plan is to take out a complete set of commercial tax plans and business policies from later generations, and now it covers the Qin Empire.

However, the businessman's status is low, which is an indisputable fact.

It is almost impossible to improve the treatment of merchants. What we have to face will be the full opposition of the first three of the four classes of scholars, farmers, industry and commerce.

The struggle between classes is much bloody than dealing with treacherous ministers. If one thing is not done well, it is that the country is overthrown and the country is turbulent.
Chapter completed!