Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 1048: Transition from physical tax to monetary tax

After Guan Ning asked, many courtiers immediately stood up.

They also discovered that these few meetings with His Majesty were not as direct and decisive as in the past, but were indeed in a consultative manner.

The overall atmosphere is relatively relaxed.

His Majesty also hired someone to take notes, which indeed solved many problems.

This also caused many courtiers to take the initiative to remonstrate, but seeing Xue Qing at the front step forward, many people returned to their seats.

Not to mention his official position as cabinet minister and minister of household affairs, he was also the head of the dynasty, and the most powerful head of the country in history.

Have you ever seen four daughters enter the harem at the same time?

I’m afraid not!

Moreover, he also has three daughters, who can't tell when they will enter the palace again.

Can't afford to offend, can't afford to offend.

Xue Qing didn't know what others were thinking, so he stood up directly.

"I think what your Majesty said is absolutely true. The All-Bank Law has been tried out in Shangjing for a long time. It makes tax collection more convenient and the previous problems such as increased fire consumption no longer exist. It is a good policy that benefits the country and the people."

Others looked calm.

They knew Xue Qing would support it, so there was no surprise.

Since his father Xue Huairen, the former chief minister of the cabinet, retired, Xue Qing has taken his father's place and become a reform pioneer.

Since the founding of the New Dynasty, many new departments have been established under the Ministry of Household Affairs, and their powers have been greatly increased. It has become the de facto head of the six ministries.

As the Minister of Household Affairs, Xue Qing is the executor of His Majesty's reforms.

But as soon as he finished speaking, someone stood up from the class.

"Your Majesty, I believe that this policy is inappropriate. Substituting full silver for physical goods will inevitably cause the harm of discounts. There is no fixed amount for discounts, and there is no accurate measurement. Officials will take this opportunity to manipulate, which will definitely make the people miserable.

…”

As soon as this statement came out, everyone's attention was focused on him.

It was really bold to dare to object so directly. Not only did he refute Xue Qing, he also refuted His Majesty.

"May I have your name?"

Guan Ning asked directly.

Some people shook their heads, thinking that this stupid young man might be in trouble.

This young man is a lecturer of the Hanlin Academy. He is not qualified to be on duty during normal court meetings. However, these are special court meetings, and His Majesty has also authorized the elites of the Hanlin Academy to be included in the meeting, so that they can advise on good strategies.

"Reporting to Your Majesty, my name is Zhan Ziping, and I am the minister of the Hanlin Academy."

Young people are neither humble nor arrogant.

"Your proposal is very good."

Guan Ning praised it.

"Um?"

This surprised everyone. His Majesty did not mean to show his appreciation, but his true intention.

Guan Ning would naturally not say anything to those who put forward correct advice, and it was not like he really couldn't listen to anything he said.

The lecturer of the Hanlin Academy just mentioned that the common people suffer terribly from being subjected to the color-shaping method. This is indeed true.

Taxation is the most basic source of revenue for the country.

At first, it was collected in kind, but later it changed to a combination of money and goods, and then it changed again to meet the needs of development.

In form, it is divided into "original color" and "folded color."

The so-called true nature refers to the physical goods that were originally levied in the tax, such as rice, rice, and wheat. If other property is levied in a certain proportion, it is called discount, also called discount.

It seems fair and humane, but in fact there are big loopholes.

In a year of disaster, the price of food rises sharply, so the food is exchanged for silver.

The next year, when the price of grain recovered, other higher-priced silk was used to exchange for silver. In short, the local government took the opportunity to exchange whatever was valuable, and the people were miserable.

Tossing and turning, all the grains of grain that the people had earned through hard work all year round were gone.

But it does not mean that the color folding method is not good. It is actually a product of the development of commodity currency.

The all-silver method is also a type of color folding, but it is more perfect.

Guan Ning pushed hard to complete the transformation from physical tax to monetary tax.

At that time, he received a lot of reactions after he proposed it.

Among them, there are conservatives who cannot accept such a big change, and there are also people who oppose it because their interests are harmed.

The physical operability is very large, such as the losses caused during transportation, loading and unloading when receiving grain.

The wool comes from the sheep.

Losses still have to be borne by the people, so they will naturally overcharge when collecting taxes. The key is that there is no quota, and officials are naturally corrupt.

Guan Ning said: "I have thought carefully before formulating it. The discount can only be discounted by grain, and cannot be replaced by other items. The discount is based on the market conditions of the year."

"Master Xue knows this."

Xue Qing nodded and said: "The all-silver method can be said to be the color-folding method, but it is more perfect than the color-folding method. In the past few years of trial implementation in Shangjing, many problems have been changed."

"In the early years of the new dynasty, food prices were high and people lived in poverty. The corresponding discounts were high, but the taxes collected were low."

"In recent years, as food prices have stabilized and the price has been relatively low, more has been collected."

What he said was very simple.

Everyone can understand that it is based on market conditions.

Everyone nodded, it seems that this can avoid the harm of discoloration.

"One more question."

Zhan Ziping stepped out of the class again.

"Residents living in Beijing are wealthier than other areas, and they may have money in their hands to pay taxes. But in other poor places, where people only have food but no money, how can they pay taxes with money?"

This comes to the root of it.

Folding colors is a good idea, but if you have too little silver and too much material, it will harm the people!

Zhan Ziping continued: "Your Majesty issued treasure banknotes, presumably in preparation for this. However, treasure banknotes cannot completely replace silver coins, let alone copper coins."

"Moreover, what ordinary people usually use are broken silver and copper coins, and treasure banknotes are not enough."

This man is so courageous!

Not only did he oppose the All-Bank Act, but now he also criticized the banknotes issued by His Majesty.

But the Hanlin Academy attendant had not finished speaking yet.

"After the issuance of the treasure banknotes, I traveled around the world, taking Shangjing as an example. After the issuance of the treasure banknotes, prices were obviously lower than before. In fact, it was not that prices had dropped, but that the value of silver coins had declined. Silver is expensive.

The low price of silver can affect commodity prices...if the fluctuation is huge, it will destroy people's livelihood."

Guan Ning's expression moved slightly.

This is such a talent, he actually did a special research.

He also saw some problems that others couldn't see.

Since the issuance of Baobao, prices have indeed dropped. This is because more money has flowed into the market.

Guan Ning brought back a large amount of gold from Beiyi, and based on these reserves, he printed a large amount of treasure banknotes.

What he said is correct.

If silver is precious and cheap, trade will stagnate.

When silver is cheap and goods are expensive, food prices will rise and the people will be miserable.

Strictly speaking, both situations exist in Daning.

Currency shortage is actually a common problem in ancient times. Gold, silver, copper and iron are inherently scarce, which is the main reason why they can become currencies.

Guan Ning issued treasure banknotes to solve this problem.

Daning must have a stable monetary policy, which is why he does this.

The problem Zhan Ziping mentioned does exist. The purpose of Baoqian is actually for commerce, such as large-scale transactions, cross-regional trade, etc., and it does not meet the needs of ordinary people.

Guan Ning has naturally considered this issue for a long time.

His eyes showed respect.

Cheng Jing left and came out after a while carrying a tray.

"Zhan Ziping's advice was correct, so I minted new coins for the common people."

Guan Ning said as he walked over.
Chapter completed!
Prev Index    Favorite Next