Chapter 54 National Debt
Wei Zheng said: "That's not good, no matter what, you can't increase taxes on the people anymore, and the minister is willing to sell all the family property and donate it to the court." Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½ā
Today's event is important, the crown prince Li Chengqian, the king of Shu Li Ke, and the king of Wei Li Tai all attended the court meeting.
Li Ke, the king of Shu, said: "Father, the sons think that Lord Wei's opinion is right, and the sons are willing to donate their own money to support the court. ā
Li Tai, the king of Wei, looked at it, how could this good opportunity to show his loyalty be allowed to be monopolized by Li Ke, the king of Shu? He said: "The sons are not only willing to donate their money, but also, from today onwards, they will no longer eat meat, save every penny, and donate it to the imperial court." ā
As soon as these two princes came out, their sworn friends also followed one after another to show their loyalty, and the hall was even more chaotic.
Gao Jingming, the head of the household department, said: "Everyone be quiet, your kindness is appreciated by the court, but this can't solve the fundamental problem."
Even if all the officials of the Tang Dynasty donate their money, it is just a drop in the bucket. Think about it, hundreds of thousands of soldiers in the Tang Dynasty not only have to pay salaries, but also have to eat, war horses also have to eat grass and food, all the yamen have to operate, and there are more places to spend money.
The minister suggested that the court make up its mind and increase taxes. ā
Wei Zheng said: "That's not good, let's think of another way." ā
At this time, Hedong Road (Shanxi area. Datang is divided into 10 provinces, which is larger than the current province).
It reads: "In the upper reaches of the Yellow River, ice ridges are accumulating, the river overflows the embankment, 14 counties are affected, please allocate funds for disaster relief!" ā
It was "the house leak happened to rain overnight, and the ship was late and encountered a head wind." "Woe doesn't go alone!
Tang Taizong Li Shimin's face turned blue.
He looked at the crown prince Li Chengqian, who had not spoken, and said, "Prince, what do you have in mind?" ā
Li Chengqian said: "Father, the sons and daughters do not approve of increasing taxes, nor do they approve of officials donating money.
Increasing taxes will cause resentment among the people, and may even provoke civil unrest. The officials' donations are heartily commendable, but when the ministers donate, the grassroots officials dare not donate, because the officials' families are different, and the poor conditions account for the majority, many people will be dissatisfied, thus delaying the court's business, and even causing them to exploit the people.
Besides, Lord Gao (Jingming) is right, a drop in the bucket does not solve the problem. ā
Li Ke, the king of Shu, was unhappy when he saw that the crown prince Li Chengqian opposed his donation proposal, and he asked: "You oppose both official donations and tax increases, but you can tell you a way?" ā
Li Shimin also asked, "Prince, do you have any way?" ā
Li Chengqian looked at the door of the main hall and said, "Erchen has no way for the time being. ā
When he said this, everyone was very disappointed in him: you don't agree with other people's opinions, and you don't have your own opinions, compared with Li Ke, the king of Shu, and Li Tailai, the king of Wei, there is a little gap.
Tang Taizong was also a little disappointed, his face was gloomy, and he said: "Ministers, let's discuss it again and see if there is any other way?" ā
The ensuing disasters made the hundred officials in the hall very depressed, and even Wei Zheng was not angry.
Li Shimin saw that everyone was silent, and said: "Since everyone has no better way, then, according to the proposal of Li Ke, the king of Shu, and Li Tai, the king of Wei, the hundred officials will take the lead in donating." At the same time, temporary taxation will be introduced.
I hope you will work together to tide over the difficulties. ā
All the officials said in unison: "The ministers obey the order." ā
Li Shimin said: "In this case, let's disperse the dynasty, and everyone go back and pay close attention to implementation." So saying, he stood up.
The crown prince Li Chengqian said: "Please wait a minute. ā
Li Shimin asked, "Prince, what else do you have to say?" ā
Li Chengqian looked outside the hall and said, "Father, please wait a moment, your son may be able to figure out a way." ā
Li Shimin said impatiently: "Okay, when you think of it, let's report it again." Let's disperse. ā
The eunuch on duty shouted: "Retreat." ā
Li Chengqian's face was like a crying mourner, and his face turned from red to white.
Li Ke and Li Tai laughed at each other.
Just then, someone shouted, "Wait a minute. ā
The hundred officials who were about to leave stopped, and Li Shimin also stopped. Everyone looked at the door of the main hall.
When the prince saw the visitor, his face suddenly turned from white to red.
The person who came was Liang Wang Li Su!
Tang Taizong saw Li Su, somehow, there was a glimmer of hope in his heart, recently, his stubborn son, the performance is impressive.
Li Shimin sat down again, and the ministers also stood up again.
Li Chengqian looked at Li Su, and Li Su smiled and nodded to him. Li Chengqian said: "Father, the emperor and his sons have already found a solution. ā
Li Shimin asked: "What is the way, say it quickly." ā
Li Chengqian said: "Erchen has thought of a solution, and the specific will be handled by Li Su, the king of Liang, and he will report to his father." ā
Li Su said: "Erchen was appointed by the prince to borrow a sum of money for the imperial court, and now, it has been put in place. ā
Gao Jingming, the head of the household, couldn't help but interject and said, "How many?" At the same time, Li Shimin also asked. The voices of both men came out at the same time.
"Copper round, gold. Silver, ...... in total" said this, he deliberately gasped for breath and paused.
Now, people are in a hurry. Li Shimin couldn't wait to come up and slap him.
"Worth 5,000,000 taels of silver!" Li Su said.
"What?" There was an uproar in the main hall.
"Also, you can borrow more money in the future." Li Su continued to thunder.
Gao Jingming, the head of the household, asked eagerly: "What is the interest?" ā
"The annual interest rate is 5% for one year and 6% for two years." Li Su said.
"Great, not expensive. Good, good! Gao Jingming said.
Li Shimin resisted the urge to slap his son and asked, "What's the matter, tell me in detail." ā
It turned out that Li Su told Huo Yi and his son about the plight of the imperial court, proposed a loan, and told them that this was an opportunity to improve the status of merchants. Not only will the household pay them interest, but at the same time, all merchants who buy treasury bonds (loans) with a total amount of more than 10,000 taels can wear and enjoy the clothing patterns (slightly different) and colors of the officials from the 7th rank.
Merchants who purchase more than 20,000 taels of national bonds have the qualifications of their direct children to participate in the imperial examination, that is, they can become officials.
Merchants who purchase more than 100,000 taels of national bonds, the imperial court will issue them a certificate of patriotic businessmen, and especially outstanding businessmen, the imperial court will give them the title of Tang Dynasty righteous businessmen.
Retail investors with less than 10,000 taels also have corresponding political treatment.
This kind of borrowing, in terms of economic interests, Huo Yi and his son suffered a little loss. Private loans are all more than one percent. However, what they value more is the political conditions that Li Su has set for them.
Huo Yi's father and son were overjoyed and immediately decided to buy 250,000 taels of silver treasury bonds. and promised to help Li Su with publicity. Their influence was great, and coupled with the attractiveness of the conditions offered by Li Su, soon the merchants of Chang'an City and the surrounding areas, as many as 3,140 merchants, subscribed to the treasury bonds.
Li Su collected the deposit, waited for the approval of the imperial court, and issued the merchants with state bonds stamped with the seal of the household department.
After Li Su finished telling the ins and outs of the matter, he looked at Tang Taizong and waited for his instructions.