"Mother, this is our chief." Li Nong introduced himself to his godmother.

"The old man has seen the chief loud." The eldest lady is going to salute. Held up by Shang Wu.

"Don't be so polite, Auntie, you are the first person to deposit the land, so I am the one who should express my gratitude. We are the bank, you are my customer, and the customer is God. Shang Wu accidentally said the next sentence.

"This, what's wrong with the old body to be the emperor above." The eldest lady said excitedly.

"The eldest lady naturally deserves it. Deserved. Shang Wu persuaded. And all around them are people from nearby villages who come to see the excitement, because they have never believed in any agricultural bank, and the land can be deposited in it, and it can be given interest.

"Auntie, according to the calculation of the fifteen acres of land you deposited, you should get fifteen stone of grain a year. But since you are the first, we have a special reward of another fifteen stone of grain. This is an encouragement for you to deposit land. Shang Wu said.

"This. How good is that? This, this is unacceptable. The eldest lady didn't seem to expect such a result. During the Eastern Han Dynasty, the grain yield of the land was about three stones per mu, and considering the special factors of multiple cropping, for example, planting beans after planting wheat, these are all possible. Therefore, the yield of grain per mu can still be increased. The interest given by Shangwu is not very good, but there is a condition here, that is, you can get fifteen stone of grain a year without having to work, which is equivalent to you getting rations without working. This kind of stimulation is still great for all the people present.

"Fifteen stones. The food is not small. The people around him began to talk.

"The eldest mother's two sons are not there. With such an income, you don't have to worry about eating. It is. It is. It's a pity that the scared thing is that this red turban army won't stay long. If this land enters this Rausch bank, I am afraid that it will not be able to be obtained. One woman calculated. Women's numeracy is so great that they have to slander them if they don't get it, in order to satisfy their jealous psychological needs.

"Here, I will say something, I know that many of them are willing to farm, and they are all experts in farming, but unfortunately, you don't have enough land, and everyone here can come to us to rent land, and we have every acre of land. Only two stones a year are collected. The land can be planted continuously for many years. Ten years, twenty years. Shang Wu encouraged him.

"In addition to this, the bank also provides funds, which is money, and you borrow land from the bank as collateral, and the interest is only two percent, that is, one hundred, and only two are taken. That's a pretty small percentage. Shang Wu explained his policy.

"By borrowing these funds, you can buy seeds, rent them, buy cattle, hire more people to farm the land, and your wealth will quickly amass." Shang Wu said.

"What, and this kind of good thing?" A big man asked, carrying a hoe.

"Yes, there is such a good thing, as long as you are a villager in this village, you can do it." Shang Wu said.

"Sir, what about this tax, this tax?" The man was also a smart man, and he saw the advantages at once, after all, everyone had a small ninety-nine account in their hands, and once the calculation was favorable, they would quickly rush over. It is human nature to seek advantages and avoid disadvantages.

"Five percent. The government only collects five percent of your taxes. Shang Wu suddenly thought that there was another important reason, that is, taxes, don't look at the taxes in the Eastern Han Dynasty seem to be very low. But in reality, with the addition of all sorts of taxes, in general, it will be more than five percent. Even higher than the proportion prescribed by the martial arts.

"Five percent." The women's brains began to spin rapidly, and they calculated far more than Shang Wu could have imagined, and they soon came to the answer, which they felt might be slightly lower than the actual taxes paid. But the problem is that Shang Wu will not give such an answer.

"That's pretty much it." Many women calculated. After all, they also have to take into account the completion of other types of taxes. After all, the Red Turban Army is an army, and their military expenditure is still very large, but since Shang Wu has opened the way of finance and taxation, then he has decided to go down a road, and he really does not just rely on this tax to live. The second dog on the side was much more excited. At least they have a guaranteed meal.

"I haven't finished my words yet, five percent, this is according to the tax declaration you have applied for, for example, how much you have earned this year, you report it yourself, we just conduct spot checks, if the report does not match, we will stop the loan and lend the land to you from the bank, I hope you can be conscious. This 5% is the tax on your annual income, which is your personal income tax. After the Red Turbans imposed such a tax, they no longer collected it. On the contrary, in the event of a famine, the government will also actively exempt taxes, and all previous unreasonable taxes will be exempted. It will no longer be enforced, as long as it is within the control of the Red Turbans. The Red Turbans are all unconditionally exempted. Shang Wu said.

"Ahh When the people around heard the news, they were not happy, but surprised. Because this has upended all their understanding, they think that such benefits are somewhat insecure. This made them very worried about whether the Red Turbans had other intentions, such as cutting taxes here and raising taxes elsewhere, if that was the case, they would not be safe. After all, this kind of thing, they have suffered.

"That, sir." An old man asked worriedly at this time, after all, his family has a large population and relatively heavy taxes, if he really registers according to such a tax, his taxes will be reduced a lot, but it seems too unsafe to do so.

"The old man can say any questions, after all, many legal provisions, we have not yet formulated them, although many places, are improvised, but, after all, there are still many places that need to be amended." Shang Wu explained.

"Sir, military service, conscription, how much does it take?" The old man asked. When Shangwu heard this, he knew about conscription, which was a labor force that the government recruited for free. This may be what the elderly are worried about.

"Oh, these don't need to. It has been completely abolished, and for now, there is only personal income tax. Nothing else. Shang Wu said. Hearing this, people are still surprised. Even Ergou was surprised. If there is no conscription, what kind of government is formed, how can it be operated, and even if there is food, it is impossible to expand the expenditure of the army or something, and this is not to cut off one's own way out. Even Hu Zhao, who rushed over to see the excitement, was a little puzzled. Or rather, he felt that Shang Wu might be stupid in some way. If that's the case, he's mistaken about the Red Turbans. This army violates the general objective law and will inevitably not go far.

"I'm going to explain the law, maybe my explanation won't solve all of your doubts, but it may give you some of the answers you want." Shang Wu waved his hand to silence everyone.

"My idea is this, taxes, at the moment only personal income tax, that is, over the age of eighteen, taxes can be levied according to the amount of income, up to sixty-five taxes. Stop paying taxes, if necessary, as soon as we can at the age of sixty. Shang Wu said. This is even more of a surprising idea, an Eastern Han Dynasty is to tax the population, when you are fifteen years old, you have to be taxed, and some people over eight years old are also taxed, called the boy and girl tax. This is also known as the poll tax. This is an ancient and traditional tax, but here in Shangwu, it was cut off all of a sudden. This is almost a bold reform. Hu Zhao shook his head in the distance. Because in his opinion, it is almost impossible to succeed. Shangwu seems to think so, and everyone thinks so, because it is beyond what they have traditionally understood.

"Someone will ask me, isn't that stupid?" Shang Wu asked.

"yes, isn't that what a fool does? But sometimes, we need to do something crazy. Shang Wu said.

"The government's taxes don't seem to be very high on the surface, but there is a lot of room for operation, plus the places where you lease land, most of them come from the hands of those landlords, so your actual income is very low, so low that it is not enough for you to live better, many of our Red Turban Army are Yellow Turban thieves, why they are thieves, it is because they can't survive, this is the irrationality of the social order, since it is unreasonable, we will reform. Of course. If the Red Turban Army wants to survive, it will have to use another method to make up for it. The solution is bonds. "Shang Wu came up with the concept of bonds.

"The Red Turbans are going to establish a new government, which is not yet able to grow, but it will grow over time. I believe that one day, he will become very strong. But now we have to get through this, and we can't do it the way we did. Poll tax, conscription, military service, there are many irrationalities in these. Moreover, there are many types of taxes, and there is a possibility of double taxation. Shang Wu said.

"The tax implemented by the new government, at present, is only for everyone, and personal income tax is levied, and in the future there will also be commercial tax, mineral extraction tax, etc., but the premise is that there can be no double taxation." Shang Wu explained. All the people present listened quietly to Shangwu's explanation, and they needed to get enough answers to all their doubts before they could act. Because it's beyond all their knowledge.

"Then, the new government still has a lot of problems that need to be solved, for example, the military salary of the Red Turban Army, military spending, the current strength of the Red Turban Army is not very large, but there must be military spending, in addition, there are various government expenses, these expenses are needed." Shang Wu said.

"The only solution is to issue government bonds, that is, the government borrows money to solve the fiscal problem. And if you borrow money, you must have the object of the debt, and the object of this debt is you. Shang Wu said.

"We." Many people present looked at each other, what kind of money do they have, they don't have any money to lend to the government.

"You will definitely say that you have no money, you can't lend money to the government, but the government has to do that, so he has to have a precondition, that is, you have to develop and become rich, and it is not the fault of the people that they have money, and if the people have no money, it is the fault of the government." Shang Wu said.

"The government will cut taxes, set up banks, and in the future, there will be factories, of course. It may be a handicraft workshop, if there are these words, the government will provide funds, through bank loans, so that you can develop, you have money. The government can borrow money, solve all the problems, and one day in the future, the government will pay you back, so that the government does not have to raise taxes. And the tax can be fixed. Shang Wu said.

"Do you have any questions?" Shangwu asked.

"How do you count this soldier?" The big man asked.

"The new government needs to ensure your safety, and at present, it seems that the new government cannot fully do this, so we also need a foundation, and this foundation is the militia, that is, every family, men, women and children, in order to protect your property and life, must all go into battle, and the Red Turban Army is just a regular army. He will fight on the other side, but they are still weak and need you to protect yourselves, which is a big reason why we have to fight in the tunnels, this is the plains, it is difficult to guarantee that we will not encounter a lot of bad situations. The militia was the basis of the Red Turban Army. If you want to be a soldier, we welcome it, and in order to encourage everyone to join the army, we will give tax incentives to the family who is a soldier, for example, tax reduction, if you are engaged in manual production, you can be exempted from some taxes. Shang Wu explained.

"Sir, cheerful people, this new government, I see the line, I borrow this land from the bank, sir, I can't borrow two hundred acres." The big man asked.

"Yes, but the amount of land we have cultivated at the moment does not seem to be enough for you. It is estimated that there are only 100 acres of land. Shang Wu said with a smile.

"As much as I have, I plant as much as I want." The big man said excitedly. I heard that someone borrowed land again, if it was really levied according to such a tax. Then their living conditions will be completely improved. Many people began to actively borrow land for farming, encouraged by women. For a while, it was the bank that messed up.

The second dog was busy sweating profusely, and many people were anxiously waiting in line, they were afraid, they were afraid that they would not be able to save the land, and they would not be able to borrow the land. Now he just felt that he should expand his staff.

"Sir, that Zuo Feng has already arranged for him to leave there, and our people have followed. I'm afraid that something will happen to them. Little Beanzi said worriedly.

"Don't worry, that guy ate my poison." Shang Wu said with a smile.

"It's very important for us to keep in touch and get them to send the information at the required time." Shang Wu said.

"That's right. You can collect more blacksmiths and carpenters in the neighborhood. When they are collected, I will be of great use, and I will still need to make some weapons. Shang Wu said.

"Sir, are you going to make some new weapons?" Little Bean is keenly aware of something.

"I, are you a dog, with such a nose?" Shang Wu asked, Little Bean.

"Hehe, sir, I'm really a dog." Little Beanzi laughed.

"Alright. Go find someone, this person, you can't do it. Shang Wu said.

"General, please stay." Hu Zhao respectfully stopped Shang Wu, and Shang Wu had to turn around to deal with it.

"Is there something wrong with the sir?" Shang Wu bowed his hand, Hu Zhao's school did not start for a long time, but there were some children in the village who came to learn, and Hu Zhao taught some basic knowledge, such as arithmetic, reading, writing, and Confucian classics. Because there are no too formal teaching materials, Shangwu can only be done by him. Moreover, the school does not charge tuition, which makes the people in the village and the people in the neighborhood respect Mr. Hu very much.

"Oh. I just heard the general talk about this tax method, and I felt a lot of emotion, and I wanted to discuss it with my husband. Hu Zhao said.

"Oh. This is just a reference to other people's practices, Mr. must be interested in bonds, right? Shang Wu said something, which made Hu Zhao feel very appreciative. Hu Zhao is not a sour Confucian.

"Exactly." Hu Zhao didn't say it pretentiously.

"Bonds, in fact, are the new government's way of borrowing to solve fiscal problems, and many governments will do this, which is not unusual at all, but the current government has not thought of such a solution, or it is impossible to save face or something. These are all normal. Shang Wu said.

"Then we'll settle all these things down and then carve them into an inscription." Shang Wu said

"As for the issuance of bonds, first of all, we have to solve the problem of paper, although wooden boards can solve the problem, but after all, it is not very convenient. Bonds need to be thin and light, so that they can be easily stored. Shang Wu said.

"Does the general want to enrich the people, and then borrow after enriching the people?" Hu Zhao asked Shangwu.

"Well, yes, after all, the common people have no money, how to borrow money, this is the responsibility of the government, and it has to be done like this." Shang Wu said with a smile.

"Well, the gentleman is righteous, and the old man thought the general was stupid at first. I don't think about it, but the general has great wisdom. Mr. Hu Zhao complimented. Indeed, Hu Zhao did not expect that Shangwu would solve the problem by borrowing debts.

"Huh." Shang Wu just smiled slightly, waved his hand and shook his head to indicate that he had won the prize. In fact, this is how the government of later generations solved the financial problem, after all, the war is about money, and the British Empire did not come up with such a solution in this way, and the current country will also encounter the same problem, but they did not think of the way to borrow, but adopted the method of raising taxes to solve it, as everyone knows, to a certain extent, the reaction force brought by the tax increase is more intense.