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Chapter 304 A Whip of the Song Dynasty?

Zhao Ning nodded and agreed with what Zhao Ding said.

The core purpose of the new tax policy is not to collect more taxes, but to force landlords to sell their land.

Ten to five will be drawn, and the tenants will account for another 20% to 30%, and the rest will basically be occupied by consumption. In the end, the landlords may have to pay out of their own pockets.

Gyeonggi Road has proven that in this case, the landlords will sell their land.

Who would hold negative equity in their hands?

Maybe some people will, and some people are always smart enough to think that if they survive this wave, they will be able to secure their land.

For example, there are still landowners in Gyeonggi Road who hold their fields in their hands: I just won’t negotiate the price and sell it. I don’t believe that the court can continue to impose such heavy taxes!

The results of it?

This year, those with more than 50 acres of land in Gyeonggi Road lost all their money, just like last year, and even received a huge discount.

This is what Zhao Ning wants.

As long as the annexed properties are gradually disintegrated, it doesn't matter whether they actually pay so much tax according to absolutely strict standards.

The implementation of any policy must have a certain degree of flexibility and cannot be too harsh.

Because the implementation process of policies takes time, and if there is time, information gaps will inevitably occur.

For example, in Huaixi, there must have been landowners who sold their land as soon as they heard about the coming New Deal. The local yamen in charge of the land also recorded it, but they didn't have time to report it.

Then these people only need to draw one out of ten to pay.

This is the information gap between upper and lower levels in the policy implementation process, which needs to be viewed objectively and rationally.

This is also the reason why those in power must go to the front line for more experience. If you don't go to the front line to see the real situation, standing at a high place will only be blinded by self-conception.

Seeing that Zhao Guanjia agreed with what Zhao Ding said, everyone breathed a sigh of relief at the same time.

They were afraid that Zhao Ning would set the standards of the New Deal too tightly and not leave any room for maneuver for those below.

Playing like that will really kill the New Deal.

Zhao Ning said: "I know you are worried. During the implementation of this new policy, there will always be a gap in information between lower-level officials and the middle and upper levels. It takes time to ease and straighten it out. There is no rush."

"I'm not in a hurry, and you don't have to be in a hurry. As long as the new situation is slowly being sorted out, I'll be very satisfied."

"I won't ask any more questions about the Huaixi officials. All you can do is make arrangements."

"I will accept the order."

"Wang Zonglio."

"I'm here."

"How is the issue of banknotes going?"

Wang Zongliu said: "At present, more than 500,000 guan have been deposited in banks by the private sector, and the amount of banknotes issued has exceeded 20,000 guan."

Calculated based on the 1.3 million people in Tokyo, each person circulates an average of 30 coins per day, and the total daily market circulation is 39 million coins, which is 39,000 coins.

When the bank first opened, a few people went to exchange money, and they did it for the sake of Zhao Guan's family.

Within two or three months, more than 20,000 yuan was exchanged.

It shows that letting rich people deposit their money in banks can still guide the public, and many ordinary people have also followed suit.

Although they don't have interest, at least you don't have to worry about it being stolen at home.

Wang Zongli also breathed a sigh of relief. The bank was on the right track in issuing banknotes.

However, part of the money stored in the bank is subject to interest. Of the 500,000 guan, nearly 300,000 guan is subject to interest.

The interest of 1,000 guan per month, 300,000 guan, will be 300 guan interest per month, which is 3,600 guan interest per year.

Zhao Ning asked again: "What are the opinions of the people?"

"Every day, people come to the bank to exchange the banknotes, and some people exchange the banknotes for copper coins. They can exchange the banknotes freely, and the public's trust in the banknotes has been established."

"What I'm asking is what are the specific opinions of the people on handing over banknotes?"

"Businessmen all find it useful."

Zhao Ning said: "I went to Hebei West Road this time and found that the local tax collection is extremely strict, the extra dispatches are unscrupulous, and the consumption is even worse. This is the case in Hebei, is it also the case with Jingdong Road, and is it also the case with other roads?"

"I know that you all have doubts about handing over banknotes. Handing over banknotes can not only solve the problem of the shortage of copper coins among the people, but can also regulate taxation."

Everyone was shocked. Could it be that Zhao Guan's family wanted to incorporate the new policy on paying banknotes into the new tax policy?

As if he had read through the thoughts of everyone present, Zhao Ning also said bluntly: "I plan to include the payment of banknotes in the tax."

This is the famous whipping method.

In the past, grain taxes were collected, but the one-whip method solved the problem by using cash to deduct the taxes. In this way, the operating space of local officials was relatively reduced, and the loss of transportation of grain taxes was also greatly reduced.

The one-whip method was implemented in the middle of the Ming Dynasty because the Longqing Switch caught up with the dividends of the Western voyages. At that time, one-third of the world's silver flowed into the Ming Dynasty.

Most of the silver that the Europeans worked so hard to obtain during trade with the East was pocketed by the Ming Dynasty.

This began the era of the silver standard.

The Song Dynasty was the copper standard, and the commercial volume of the Song Dynasty was larger than that of the Ming Dynasty. Even if the court minted two to three million copper coins every year, it still could not satisfy the market circulation.

It is even less possible for copper coins to be included in taxes.

Only by opening up the era of paper currency can we implement tax reforms in advance such as the "one whip method" or "share a small share of a farmer's income", which can greatly reduce the loss of tax collection and greatly reduce the burden on the people.

The current new agricultural tax is just the first tax policy to curb the merger of fertile land.

The new order that Zhao Ning wants to establish has just begun.

The papermaking industry in the Song Dynasty has entered unprecedented prosperity, the technology is mature, and the raw materials for the promotion of banknotes are definitely sufficient.

No one expressed their opinions for now, after all, the issuance of banknotes is currently stable.

Zhao Ning vaccinated them first and asked them to prepare their layout in advance.

"Since you have no objections, let's start implementing it in Qingyuan Mansion."

On the second day, news that Zhao Guan's family had returned to Beijing had slowly spread.

Those officials who wanted to resign immediately ran to the Ministry of Personnel in groups after hearing the news.

For example, Zhu Changqing, a doctor in the Ministry of Industry, said this to other officials privately: "When we go to the Ministry of Personnel later, we all said that we want to resign. It is best to make a big fuss. We will bring this matter to the officials today."

Zhou Yi, a doctor in the Ministry of War of the Privy Council, said: "Will this allow the officials to withdraw from the New Deal?"

"Yes, as far as I know." Li Changsu, the head of the Ministry of Household Affairs, said, "The commotion in Huaixi is even bigger. Many local officials have submitted their resignations and are under pressure from the Ministry of Personnel."

Everyone nodded, and that was how it was done.

Anyway, there are a lot of officials in the capital now clamoring for resignations, making the matter even bigger.

Zhou Yi said: "What if Zhao Ding really agrees to our resignation?"

"If you agree, just agree. Resign first and then talk about it. Are you worried that you won't have a chance in the future?" Zhu Changqing said.
Chapter completed!
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