Chapter 190 National debt
In order to fill the budget deficit, Wang Xuejun suddenly proposed a method to issue treasury bonds and deficit finance, which completely detonated the court at that time.
First of all, in this era, the government borrowed money from the people? That was impossible. It was the court who searched for money from the people. This was definitely the first time. Not only did it violate the rules, it was also a very shameful thing.
In this way, what is the face of the court? How do the gentry and people in the world view the court? Will it undermine everyone's confidence?
In everyone's mind, eating the food of the Yin and the Mao family is definitely a way to lose the family.
The Chinese people have the usual thinking: if you have money and food to save, if you have no money and food, then tighten your belt and endure it and don’t borrow.
As a result, the Regent suddenly committed all these two things that were criticized and hated by the scholars and officials at once.
The tiger's butt cannot be touched, but for the sake of this imperial court and to tighten the belt, it must be touched.
So there was a tide of opposition, and even the little emperor could not bear it.
"I think the Regent's method is good."
As soon as the sound came out, all the ministers and emperors looked at the place where the sound came out, and this was another person kicked by a donkey.
Everyone looked up and saw that Kong Wenjie was still the new top scorer.
Wang Xuejun asked with a smile: "How is my solution?"
Kong Wenjie smiled slightly: "Emperor, Prince, all the great masters. My saint said that governing a big country is like cooking a small fresh food. The extended meaning is that governing a big country is like living a small life. In small days, there was a shortage of emergency response and a shortage of position in business. Originally, he borrowed money from neighbors and peers. As long as the urgent problem is solved and business profits are made, it is normal to pay off the capital and interest."
Then he pointed to his nose: "Everyone knows that my father passed away and had no money to be buried. It was the local people who loved him and raised money to be buried."
This is an obvious fact and a local story.
"What should I do if my mother is ill in bed and has no way to settle for her livelihood. She has the family motto of not being able to do things for Jiannu?"
After looking at everyone, and after stoking their appetite, he calmly said: "So our brothers are ready to do business and support their families."
Such statements have further improved the status of merchants.
Look, even the descendants of Confucius have done business, so how can we still be untouchables?
"At the beginning, our brothers made up the capital that we borrowed and had the current small family capital.
His younger brother Kong Wenjun is really a talent, but in just two years, it’s not just a small family fortune, it can be said that he is making money every day.
Everyone nodded silently.
"If our brothers stick to the rules and do not borrow capital, we would have died of starvation. This is a small family, so we should be more concerned about the country. If we stick to the rules and do not eat the food for the first time, then for example, now, if the strong enemy looks around and lacks military spending, then we can only watch the military defence. Are you waiting to die?"
He explained this truth in a simple way. Some people nodded, while others shook their heads slightly without comment.
"Borrowing is not a shameful thing. As long as we pay it back when it is due, we can pay it back when it is due, and interest is paid. Those rich people who have not obtained business profits can only keep the money in their hands. It is better to lend it to the country. On the one hand, they can support the state in their major tasks, and on the other hand, they can earn some interest to subsidize their household income. Why not do it?"
This has attracted the temptation of many people.
Now, let alone the people, even the officials present, because their salaries have increased, some people have some spare money. If they can support the country and obtain some interest to subsidize their household income, it is a good thing to gain both fame and fortune.
"Borrowing debts is not a matter of losing face to the court. I thought that when Emperor Zhou repaid debts, he would have to do so as long as he didn't make a fortune."
Everyone couldn't help but laugh softly.
"We just heard the financial report of the Minister of Revenue and the Princess. This year, there is a lack of three million this year. However, with our current development, next year's fiscal revenue must be stronger than now. There is absolutely no problem with more than three million."
When we mention the beautiful future of next year, everyone immediately becomes excited and confident.
"Which court can repay principal and interest on time will not only not harm the name of the court, but also enhance the reputation of the court. Isn't that good? I think this is a hundred times better than the previous dynasty who was forced to do anything to the point of being abusive."
If you don’t accept it, you are still descendants of the saints and your theoretical foundation is quite solid.
Wang Xuejun applauded on the spot: "Mr. Kong's analysis is very good."
Then he proposed: "This year, the interest is issued, and the interest is set at one cent." Then, without waiting for everyone to refute, he said directly: "If the gentry and the people are afraid that the country will not pay back the debt, then the king and the royal family will use the shares in our credit union as collateral."
Seeing everyone's eager eyes, Wang Xuejun said again: "Here, I will notify me of the Macau General Manager immediately and subscribe to one million immediately."
The young emperor was young and was most likely to accept new things. He still wanted to contribute to this country, so he immediately said: "I subscribe to another 500,000."
Kong Wenjie immediately proposed: "My family in Shanxi has also had little income in the past two years, and my family subscribed to 100,000 yuan."
Zhang Zhiji stood up with his stomach straight: "I subscribe--"
He looked at the sister who was with the princess behind his eyes.
No matter which aspect, Zhang Ziyan had to support Wang Xuejun. When they left Beijing, they also brought more than a dozen British Duke to accumulate all their belongings: "The rest, our Zhang family subscribed."
"No." Someone yelled.
Everyone was shocked again at the time, and another objection broke out.
As a result, Ren Minyu stood up and retorted with a blushing face and a thick neck: "This is a sure profit that can be made without losing money, no, a tongue-in-mouth, tongue-in-mouth. How can you take all such a patriotic good thing? I must leave a 100,000 share so that my family and I can show our sincere patriotism."
When everyone heard this, yes, the regent and the emperor who were so rich, would use credit union shares as collateral, which would make sure to make a profit without losing money.
Everyone knows that credit unions are really profitable. It is best if these two guys can't pay them back, and everyone can join the credit union.
How can one be the one who gains fame and fortune in such a matter of being extremely safe?
So everyone stood up and severely accused the emperor of not giving his ministers the opportunity to share the difficulties for the country, seriously criticized the regent's bad character of valuing profit over friends, seriously suppressing everyone's patriotic enthusiasm, and strongly subscribed.
In the end, Wang Xuejun and the emperor had to withdraw from their share again and again, and they were all happy again.
Looking at the ministers who were fiercely competing for the share of national debt for patriotism, Wang Xuejun smiled and thought: "Chongzhen raised funds and responded in a few ways, which is to ask the ministers to be truly patriotic. But if patriotism becomes profitable like now, then it will be so? Now, I despise your patriotic enthusiasm from the bottom of my heart."
Chapter completed!