Chapter 27: The Collision of Old and New Aristocrats
The fact that the military budget proposal has passed does not mean that today's meeting is over. The huge debt is still the biggest problem plaguing the Alpha Kingdom.
As was customary, after the invasions, the creditors would make a routine announcement that part of the kingdom's debts would be forgiven.
The rest of the money, although it is still difficult to repay, is within the Kingdom's financial capacity.
But with the decline of the Orc Empire, this kind of good thing of debt relief will naturally come to an end.
More than a year after the end of the war, the Ministry of Foreign Affairs communicated and negotiated with the creditors many times, but in the end they all ended without a problem.
Not to mention the reduction of the principal of the debt, even the interest on the funds, it is not a penny.
"Last year's autumn tax was a bond issued by the kingdom, and what is the quality of this year's spring tax, everyone here should know better than me.
There are only two months left before the next batch of war bonds interest will be settled. Now the treasury is empty, and the fiscal deficit is staggering.
It is estimated that the kingdom's fiscal deficit this year will exceed 10 million gold coins.
Regardless of whether it is to open up sources and reduce expenditure, or if everyone subscribes to the bonds mixed in the tax, the problem must be solved today! ”
The Marquis del Delgado, the Chancellor of the Exchequer, was almost a scoundrel, and the people lost their temper.
The kingdom has a huge fiscal deficit, and the biggest problem is that everyone uses war bonds to offset taxes. This problem has been solved, and although the deficit still exists, the numbers are manageable.
"Let's use these methods together!
The state of the kingdom's finances is well known to all, and with our current revenues, we will at best be able to pay the interest on the funds.
If we keep going on like this, and when the bond is repaid, what will we do to repay it?
When the run broke out, and the kingdom's finances were crushed by debts, everyone knew in their hearts how serious the consequences were.
I think it is necessary to make a reasonable repayment plan to recover the war bonds issued year by year, so as to reduce the total debt of the kingdom. ”
Marquis Zuel said angrily.
As the oldest presence in the room, Marquis Zuel was most accustomed to the irresponsible practice of focusing only on the present and not thinking about the future of the kingdom.
Although before this, the Alam family also took a bunch of war bonds to offset taxes, but that was only a means to fight for his own interests, which did not mean that he wanted to bankrupt the kingdom.
If the kingdom really goes bankrupt, all the vested interests present will most likely have to pay a heavy price. In particular, the nobles whose nests are located in the frontier provinces are the most vulnerable to shocks.
No matter how strong their own strength is, they are just a big nobleman after all. Once it is out of the protection of the kingdom, it is likely that it will not be able to keep the existing interests.
"The old marquis is right when he says that the debt problem must be settled. I think we will set a repayment target from now on, and repay the principal amount of 6 million gold coins this year, and then increase it year by year.
The source of funding is also simple, and if you reduce expenses first, you can reduce as much as you can. The insufficient share is not a big deal to imitate the Duchy of Moxi, and a repayment tax is levied.
As for the war bonds that appear in the tax revenue, they can be apportioned directly to the provinces. Whoever collects the bonds is responsible for digesting them.
The little aristocracy has a weak family background, and there is no way to use war bonds to deduct taxes, is it possible that we people can't stand it?
If we hold fewer banquets and engage in fewer bells and whistles, we will save money.
If you don't have any consciousness at all, then you can go out now, and the kingdom doesn't need irresponsible nobles! ”
Earl Pierce's domineering words made Hudson slightly stunned. It seemed that these proposals were all for the kingdom, but he always felt that they were coming for his own family.
In recent times, the Coslow family has been spending a lot of money. It is also engaged in the relocation of immigrants, and it is also engaged in large-scale project construction.
From the end of the war to the present, the total fiscal deficit of the mountain territories is as high as 2 million gold coins.
As the head of the land, the Dalton family planted a few spies in the mountain territory to obtain this near-public information, which was a natural thing.
Especially after the hatching of the Warcraft cubs, Hudson successively sent out more than 20 cubs to offset the compensation for the relocation of immigrants.
This kind of self-inflicted power fell into the eyes of Earl Pierce, and was mistaken for a sign of financial inadequacy, which seemed reasonable.
After all, in the eyes of the veteran aristocrats, the strategic resource of Warcraft cubs is harmless, no matter how many types there are.
Even if it is not suitable for forming a Warcraft legion, it can also be distributed to the clansmen to cultivate separately to enhance the strength of the family.
There are so many members of the Coslow family, and it is not enough for his own family to share, if it is not for the financial constraints, how can he be able to leave the country?
As a competitor, since the other party is short of money, it must be made up for by taking advantage of the situation to make the other party even more short of money!
Now that there is an opportunity to drain the financial resources of the Coslow family in the name of righteousness, Count Pierce has no reason to refuse.
After all, the Dalton family is a rich man. It not only occupies the richest land in the southeastern provinces, but also monopolizes the salt trade and maritime trade in the province.
A little more amortization is not worth mentioning to them at all. Even during the war, Hudson was ruthlessly pitted, but he still couldn't make this old nobleman really break his bones.
However, this kind of golden egg attack that does not distinguish between the enemy and me, it is not only the mountain collar that is impacted. It doesn't hurt to be a veteran aristocrat with a thick family background, and if you cut a little bit of daily expenses, you can get through it.
However, for a group of new aristocrats with little financial resources, it is a very fatal thing to share an extra amount of debt repayment funds every year.
Realizing this, Hudson simply didn't bother to pay attention to it, and directly became a melon eater in his position.
"Dear Earl Pierce, the proposal to pay the debt early is indeed good, but we must consider the reality.
Having just gone through a war, the kingdom is in the midst of a period of recovery. Especially the seven northern provinces that have just returned to the embrace of the kingdom, I am afraid that they will not be able to share this cost! ”
Count Oran retorted.
As undeveloped land, taxes naturally do not exist. Normal taxes do not need to be borne and are not equal to the taxes that are paid off the debt, nor do they need to be apportioned.
There may be no explicit provisions for these temporary special taxes. However, according to past practice, there is a high probability that you will still have to pay for it.
The fiefdom is in ruins, all supported by the old capital, and no matter how deep the big family is, it must be frugal at this time.
If it were to be done according to the proposal of the Earl of Pierce, they would have to bear a part of the amortization in the southeastern provinces, and the amortization in the north would still bear a corresponding share.
When all of them are added together, it is estimated that the share that the Holliser family needs to bear will exceed that of the Coslow family.
What's even worse is that this money has to be taken out every year, and there is a high probability that it is still more and more year by year.
A large amount of funds have been withdrawn, and the development of territories and the relocation of immigrants will definitely be affected.
"Count Oran, it's not right for you to say that. For a long time, the kingdom pursued the principle of fairness, emphasizing the reciprocity of rights and obligations.
Since you are sitting here, you have to bear the corresponding responsibilities and obligations. We are all crying out and tired, what about the people below?
Earl Pierce's proposal just now is good, these debts will be repaid sooner or later, and they will all be repaid after all. We were able to recover a portion of the war bonds in advance, and we were able to save some of the interest on the funds.
If it really drags on for a few years, when it comes to the debt payment period, everyone needs to raise nearly 100 million funds at once, I'm afraid there is really no way! ”
Count Calis said with a smile.
Seeing this scene, a sneer appeared on the corner of Hudson's mouth. It seems that it keeps saying that it is not far from the righteousness, but in fact it is a means for the old nobles to suppress the new aristocracy.
Once the proposal is approved, they can use legal means to take the opportunity to drain the financial resources of the new nobles and delay the progress of everyone's development.
If something happens in the middle, the few emerging nobles who have just emerged will be beaten back to their original shape.
Similar things are not uncommon in the continent of Aslanth. More than half of the new aristocracy will decline within a few decades.
Faced with the eager eyes of the new nobles, Hudson knew that it was time to stand out on his own.
Everyone has their own circle, and in the face of the suppression of the old nobles, a group of emerging nobles are also secretly hugging together.
It's just that this new political group is too loose internally to even count as an alliance.
In the face of a group of old aristocrats, there are really not many people who dare to take the lead. Hudson, who was famous, easily gained a voice in small groups.
"Count Calles, you are very right. The big picture of the kingdom is important to all of us here, but the reality is just as important!
To formulate a policy, we must first conduct in-depth research and understand the actual situation before we can make the most rational decision.
What the seven northern provinces that have just been recovered are like, I guess you also know in your heart. If you want to develop it, you can't do it overnight.
Asking a bunch of noble lords who can't make ends meet to bear the debts of the kingdom is not a duty and obligation, but a request for their lives!
It's all about raising money anyway, so why not do it another way?
Instead of bluntly distributing directly according to the fiefdom, it is better to distribute it to the lucrative industry taxes such as salt, tea, spices, vehicles and ships, entertainment, etc.! ”
As soon as Hudson's words fell, a group of veteran aristocrats frowned. Distributing the debt-paying funds into the industry tax may seem like taking money from businessmen, but in fact it is cutting their flesh.
The commercial districts are all in the territory of the old aristocracy. Now the tax on the profiteering industry is also to make money from their territory.
If you study it carefully, you will find that behind almost all profiteering industries, they are indispensable to these old aristocrats.
"Earl Hudson, it seems that you have also missed some industries, such as: weapons and equipment, iron products, and Warcraft cub trading, and the profits of these industries are also not low!"
Count Martinez on the side said with a grin.
The flesh only hurts when it is cut on one's body. In his opinion, Hudson simply stood and talked without backache.
Greeted by a group of veteran aristocrats who looked like they were smiling, Hudson greeted him with a smile that didn't care.
"Count Martinez's reminder is very necessary, but there are so many profiteering industries, it is too embarrassing for me to finish it in one breath.
Let's do it, all the profiteering industries that everyone thinks of are listed, and we will participate in the discussion together.
Of course, outdated news is not to be mentioned.
For example: weapons and equipment.
The war had only ended for more than a year, and there was a huge backlog of weapons in everyone's hands, and there was no market in the kingdom for a long time.
By the way, it seems that the current iron products market is also in a depression. It is estimated that most practitioners are persisting at a loss.
As for the Warcraft cub trade, Count Martinez feels that there is a huge profit in it, so let's list it!
It's a pity that judging from the current situation, it seems that it is very difficult to encounter several Warcraft cub transactions in the kingdom a year.
Even if someone sells it, it's at auction. Instead of searching all over the world, it is more convenient and faster to directly raise taxes on auction houses.
Your Excellency doesn't want to fight the idea of the Warcraft breeding base and tax the major forces in the Northern Continent that participate in the cooperation, right?
If Count Martinez can convince everyone to agree, I have no problem at all. But if you get into trouble, it's best not to implicate the kingdom! ”
Since he dared to propose an additional tax on the profiteering industry, Hudson naturally prepared for it. Although the current mountain territory is not poor and white, there is still no profiteering industry.
There is no arms trade to do, and the Warcraft cub breeding industry has involved many major forces.
Even the Alpha Kingdom at its peak did not have the ability to collect taxes from so many big forces, let alone now.
You can't collect taxes equally, and you can't expect Lord Hudson to pay the taxes alone. It's a big deal that the Warcraft cubs die violently every once in a while, and there happens to be lucky nobles who pick up the Warcraft cubs on the road.
"Earl Hudson, don't be so nervous. I'm just a small proposal, if you really decide to levy a monster cub tax, you can only be responsible for contracting it!
But for the sake of the kingdom, I think you might consider giving it a try. If the negotiation is successful, it may be possible for the kingdom to increase its income by hundreds of thousands of gold coins every year. ”
said it beautifully, but deep down Count Martinez was secretly complaining: Hudson is difficult!
It seems like a simple conversation, but in fact it is full of pitfalls. If you accidentally step on it, it will be difficult to climb out.
If he hadn't been alert enough to refute Hudson's rhetoric, he would have ended up in a mess now.
Out of a vengeful mentality, he also planted a mine for Hudson.
Judging from the current situation, if Hudson really wants to be greedy and wants to contract the Warcraft cub tax, there must be no problem.
As long as the tax amount is not too high, the major forces are happy to pay a sum of money to buy out the favors they owe.
For the great nobles, the debt of favor is far more meaningful than gold coins. It doesn't matter if you don't usually use it, once you use it, you can save your life!
"Count Martinez's proposal is very good, but unfortunately I am not in a position to take on this heavy responsibility.
If anyone has the ability to complete it, they may as well stand up and take on this burden, and I will definitely cooperate fully! ”
After saying that, Hudson looked at everyone expectantly, as if he was trying to find a fool to blame.
It's a pity that everyone is very sensible and has no interest in this kind of predatory behavior.
"Earl Hudson, the introduction of industry tax seems to be good, but when it comes to the specific implementation stage, there are a lot of problems.
Most of the kingdom implements a tax system, and no one dares to guarantee that it will be able to be completed by blindly raising the collection target.
What's more, high taxes will also impact the development of the industry. Not only will it not increase the Kingdom's revenue, but it will reduce our revenue!
Considering the difficulty of implementation, the easiest and fastest way to collect taxes is to directly share the task with the provinces.
In fact, we can consider giving due care to the economically poor provinces, and let the other rich provinces bear the burden.
For example, the seven northern provinces that have just been recovered are still in the development stage, and it is difficult to bear too heavy obligations in a short period of time, so they will not be assigned to them this year. ”
Earl Pierce said with a worried look on his face.
If it weren't for the-for-tat confrontation with Hudson earlier, maybe everyone would have believed it. It's a pity that everyone is not stupid, this naked targeting can be seen at a glance.
In order to achieve his strategic goals, Count Pierce preferred to impose heavier debt servicing obligations on the southeastern provinces and to reduce the financial resources of the Coslow family.
Purely calculated from the perspective of direct economic losses, this is a typical "800 enemy kills and 1,000 self-loss tactics."
After all, the Dalton family, as the boss, has the most fiefdoms, so it naturally needs to bear the heaviest debt repayment obligations.
It's useless to see it, this is a conspiracy on the bright side.
gave up the all-out strike plan, and the emerging aristocratic group, which was originally temporarily grouped together because of interests, instantly fell apart at this moment.
Although the old nobles were unwilling to carry out a comprehensive crackdown, they were also acceptable to the southeastern provinces considering that they were willing to take on heavier obligations and were able to beat Hudson, the leader of the emerging aristocracy.
From the crowd's lively eyes, Hudson sensed the pleasure of revenge in the eyes of many people.
It can only be said that "the debt in June must be repaid quickly".
The disarmament plan that has just been stirred up in the past is now the time to pay the price.
If it weren't for the facts, Hudson would not have believed that Earl Pierce would be so decisive.
Glancing at the emerging aristocrats who bowed their heads, it was obvious that this vulnerable group did not have the confidence to confront the old aristocrats.
Perhaps out of shame for retreating, he didn't dare to look at him now.
"What are you looking at me for, since Earl Pierce has such a high consciousness, how can I hold everyone back at this time!"
Hudson said through a pretense of gnashing his teeth.
After speaking, he sat directly in his position without saying a word. It was as if it was a difficult decision made by the general trend in order to maintain the dignity of the poor nobles.
also looked bitter, and there were several middle-class nobles in the southeast province. A typical boss and second boss fight, accidentally injuring their third, fourth, fifth, and sixth children......