Zero Hair's face was filled with joy as he respectfully said,"Reporting to the emperor, I have not failed to fulfill your orders. I have obtained the blueprints given by the emperor and have already built the fire system, iron cannons, and large ships. With the new gunpowder formula, I believe that in the near future, the Great Zhou army will be invincible. Even the Great Zhou Navy will be invincible!”
"That's great! Zero, zero, I didn't expect you to make these things. I will allocate 12 million taels of silver to set up a factory. You will supervise the production of the fire system, iron cannons, and large ships!”
"This subject has received the decree to thank you!"
Twelve million taels of silver was equivalent to more than one million taels of silver more than the tax that the Great Zhou had paid to the national treasury for two years!
Every year, the Great Zhou's national treasury receives about 25 million taels of silver!
Ji Hao was able to allocate so much money, all because of punishing the greedy!
To gather troops, to produce fire weapons, iron cannons, and large ships, all of them required a lot of silver!
If he only relied on the Great Zhou's annual national treasury income of five million taels of silver, it was simply impossible.
Zhang Juzheng's new tax law of not paying taxes according to the number of people but according to the number of cultivated land owned had already been implemented throughout the Great Zhou.
According to Ji Hao's estimation, this whip technique would not only let the people breathe a sigh of relief, but also increase the income of the national treasury.
One of the whip laws stipulated that the land tax, corvee, and other miscellaneous taxes were grouped into one.
Collect silver together.
This would not only greatly simplify the tax system.
At the same time, it was convenient to collect taxes.
It also reduced the chances of local officials taking bribes.
Moreover, if one did not want to do corvee, they could directly pay silver in place of corvee.
The rich would contribute money and the powerful would contribute.
The people of the Great Zhou heaved a sigh of relief. If they could have ample food and clothing, the world would definitely be stable and the four seas would be at peace.
Production efficiency would also be greatly improved.
The treasury's silver income would naturally increase greatly.
However, for Ji Hao, this was far from enough.
The wealthy families in the world were extremely rich and had a large amount of money in their hands!
He had to think of a way to take out the money that was about to rot in their hands and invest it into society.
A new type of tax, the Wealthy Class tax, was born in his mind.
Levy a wealthy tax on the world's wealthy families!
Of course, he couldn't ask the wealthy families for money directly.
Those who won the hearts of the people won the world, and those who lost the hearts of the people lost the world!
If the commoners in the world did not have enough to eat, they would rebel!
If they directly used the Wealthy Class tax to collect the wealth of the Wealthy Class, they would be able to obtain the wealth of the Wealthy Class.
Perhaps these wealthy families would also have the intention to rebel!
Once the situation went out of control.
Even if Ji Hao could send troops to fight with his supreme imperial power, send famous generals to suppress him!
The gains would not make up for the losses due to internal strife!
He naturally understood this logic.
Even if he could get a lot of money directly from the wealthy families in the world, he would still be able to get a lot of money.
However, it would cause chaos in the world.
In that case, he would indirectly levy a wealthy tax on the wealthy families in the world.
He had already thought of a name for this kind of wealthy tax. He would call it tax collection!
They would pay taxes according to their income.
The annual income is 100 taels of silver.
The annual income was between 100 to 500 taels of silver, and a 5% tax was levied.
The annual income was between five hundred and five thousand silver taels, and a ten percent tax was levied.
The annual income was between 5000 to 50000 taels of silver, and a 15% tax was levied.
If the annual income was above 50,000 taels of silver, a 20% tax would be levied.
Once the tax collection was implemented, they would definitely be able to get money from the wealthy families of the world.
Those with an annual income of more than 100 taels of silver could already be considered rich.
An average commoner's family of three would only earn about three to four taels of silver a year.
Of course, in order to calm the resentment in the hearts of the world's wealthy families.
He had already thought of a better idea.
Business tax reform!
The business tax had been reduced from 12% to 8%!
He encouraged the wealthy families to take out their money that was about to rot and start doing business.
Then, those wealthy families with an annual income of more than 500 taels would definitely enter the business world in order to comply with the Great Zhou laws and avoid taxes!
Doing business could reduce the tax that needed to be paid to 8%!
When business flourished, the entire Great Zhou's economy would be filled with vitality.
It allowed the money that was about to rot in the treasuries of the world's wealthy families to be invested into business, allowing those who were idle to find a livelihood and increase their income.
Although the Great Zhou was civilized, it still focused on farming!
Ji Hao became the emperor of the Great Zhou Dynasty, the most powerful man in the world!
However, deep down, he was a modern person who had seen the industrial society and the powerful technological society.
Small peasant economy, self-sufficient!
However, the productivity was not high!
Technology was the number one productive force!
Ji Hao had allocated twelve million silver coins to build factories, mass-producing gunpowder, fire weapons, iron cannons, and large ships. This was only the first step!
Although there were merchants who set up textile factories, they used the most primitive hand-spinning and weaving techniques.
In Ji Hao's eyes, this kind of technology was already very backward!
I want the Great Zhou to turn from an agricultural country into an industrial country!
However, he also knew that if he wanted the Great Zhou to turn from an agricultural country into an industrial country, he would have to rely on it.
This required a large number of talents.
And to cultivate a large number of talents, new education was needed.
The current education system of the Great Zhou.
It was impossible for farmers without land to send their children to private schools.
In other words, more than 95% of the population of Great Zhou were illiterate.
And to promote new education and produce textbooks required a lot of manpower and resources!
This could only be done after the tax collection and business tax reform achieved results.
The tax collection and business tax reform could not be delayed!
Therefore, Ji Hao called Prime Minister Li Si, the six ministers, and other high-ranking officials to Yangxin Palace for a meeting!
Not long after, at the morning court.
Zhang Juzheng went forward and proposed a new tax called individual tax.
Zhang Juzheng had already offended many people by submitting a whip.
For the sake of the Great Zhou Empire, he was not afraid of offending more people.
Because he knew that as long as he firmly relied on the big tree of the Emperor, his position as Minister of Revenue would be incomparably secure.
Because of Yan Song's death, the position of Deputy Prime Minister was still vacant!
Once the tax was raised, all the officials were shocked and resentful!
Zhang Juzheng, oh Zhang Juzheng, why are you so ruthless!
The whip technique that had just been implemented had already caused many people to be dissatisfied.
This time, you brought up the tax again!
Moreover, the tax was so high that it could reach up to 20% of the annual income.
Wasn't this forcing the world's wealthy families to revolt?
However, Zhang Juzheng followed up with a proposal to reduce the business tax from 12% to 8% and explained the benefits of reducing the business tax.
The civil and military officials were all smart people. They immediately thought that the world's wealthy families could reduce their personal taxes by doing business!
All the officials in the court couldn't help but feel surprised and happy. Zhang Juzheng, ah, Zhang Juzheng, everyone said that you were upright and unafraid of power, which was why you could become the Minister of Revenue!
I didn't expect that the tax you proposed seemed to be unfavorable to the wealthy families of the world, but you also proposed to reduce the business tax!
Wasn't this to make up for the money lost by the wealthy families because of the implementation of the whip law?!
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