Rebirth 79: I opened a bank in the United States

Chapter 123 Consumption Tax Relief

"Yes, yes, we are willing to provide this guarantee. But they dare not lend! Carter, your family is a savings bank, so you may not know. Do you know how high the interest rate on commercial loans issued by banks in Macon is now?" ?”

Shaking his head with a wry smile, Rob raised up two fingers and exclaimed:
"20! Twenty percent annual interest rate! It's only for one year! Even in Atlanta, the minimum is 19%"

"If it weren't for the fact that I couldn't keep going, and would go bankrupt, no entrepreneur would dare to borrow such an exaggerated commercial loan. No, usury! This is a usury!"

Forehead.
Carter slapped his forehead when he heard the words, and the moment he heard the interest rate, Carter reacted.

As early as when he first crossed, he predicted that when the federal funds rate rises, loan interest will inevitably soar.Even this interest rate difference is still the profit point I considered at the beginning!
As a result, in the past six months, I made a lot of money in the stock market, and I didn't even think about the interest rate for a while.After all, in the past few months, my family has hardly released loans, and I have stamped "rejection" every day. I don't even need to read the details of the loan application, and I haven't paid much attention to the loan interest rate in the market.
Anyway, they are all refusing to issue loans, and it doesn't matter whether they look at the interest rate or not!

"Well, that's what you said. The interest rate is indeed too exaggerated."

After being reminded by Rob, Carter, who reacted, rolled his eyes quickly when he agreed.

The loan interest rate in the market is increasing, and I have a large amount of funds to back up, so in the bank loan market, I may use low-interest loans to grab the market!In other words, you don't have to passively wait for the FDIC to liquidate banks with poor asset structures before you have the opportunity to expand.I can take the initiative to attack and take the initiative to grab the jobs of my colleagues.
And to take the initiative to attack, the manpower will inevitably need to be increased.They need to be sent to various places, but the training cost of this group of people is not low
Although the bank staff of this year does not have a particularly high professional and technical threshold.But at the very least, it is necessary to know all kinds of counterfeit bills, basic mathematical statistics and so on.Basic math statistics are okay. American education in the 70s was not as happy as later generations. Most people graduated from high school with no problems in mathematics, but bill recognition
This is really not something that can be done in a short period of time. Template exercises, explanations, learning how to identify various counterfeit banknotes and fake checks, and verification experience when cashing checks.This thing has not been three to five months, and it is difficult to reach even the basic level.

After roughly calculating the cost, Carter found that it was not cost-effective to use banks to digest these populations, or to provide them with some banking jobs.Just when Carter was a little bit less interested and was planning to add a few more positions at the gas station and restaurant, which was considered to be a face for Mayor Benjamin, Rob suddenly said:

"I know that in this environment, your life is not easy. Our city government's reserve funds are also very difficult, and it is difficult to guarantee some subsistence allowances. So, if you are willing to help, the city consumption tax, I will give you Exemption! In the state, it’s still the same as before, I’ll apply.”

Seeing Carter's embarrassed face, Rob was obviously wrong.Not knowing that Carter is a "local tyrant" now, and the information is asymmetric, he saw Carter's sad face.

Roberton felt ashamed.Carter was worried at this time, why?
It’s not like hiring so many more people, the wages have skyrocketed, and the consumption of citizens has decreased visibly. That is to say, asking Carter to help him solve the employment problem is no different from robbing him of Carter’s money .

Steal other people's profits to help the city government stabilize employment.This approach, for Benjamin, whose conscience has not yet fed the dog, is really a bit of moral guilt towards Carter:
He had already helped the city government once, although he also gave Carter a five-year land tax exemption.But the [-] part-timers that Carter hired had actually fulfilled their original agreement with him.

The land tax exempted for the past six months is simply not worth the part-time wages paid by Carter this month.So on the moral balance in Benjamin's heart, he didn't think that Carter still owed anything to the city government. On the contrary, this young boy was already extremely outstanding compared with many Douglas businessmen, and he had an extremely sense of social responsibility! !
Maybe it was out of compensation for what Carter felt owed, or maybe Benjamin didn't want Carter to do these things and drag himself down in the end. After promising to exempt the consumption tax, Rob solemnly added as if he had sworn:
"Carter, don't worry! This time is different from the land tax. I didn't help you apply for the state tax deduction last time. This time, I will help you anyway."

"Georgia itself is a notoriously poor state, and we don't expect other state governments to spend money to help us tide over the difficulties. But at this time, if we don't give us a little policy preference and let us help ourselves, that would be too much Already!"

"I believe the governor and they are not stupid, not some vicious people. They can watch people lose their jobs, spend all their savings, and then sell their houses and cars. Food"

"The last time the application was rejected, the depression hadn't come yet. It was just the two of us who were worried, and the state had another reason for rejecting the application. But today is different. Today the depression has begun, and they will not refuse at this time !so."

"Stop talking! Thirty places! I'll go back and do some research and try to get thirty places!"

What else so?

If the municipal and state excise taxes can be waived, that would be a huge plus!

Carter agreed decisively when he heard the words, and at the same time thought to himself: Sure enough, you have to keep your mind steady when buying anything.
If I agreed to it earlier, then these discounts might be gone!Carter almost thought of how beneficial the consumption tax reduction and exemption would be.
First of all, the gas station, my own gas station is definitely the first beneficiary!
The price of refined oil in any country actually includes consumption tax.In the United States, the excise tax included in gasoline is not the same as the fixed rate excise tax. It is a fixed tax.In Georgia these days, excise taxes add up to about 20 cents a gallon of gasoline
It sounds like nothing alone. After all, the consumption tax reduction at the city and state levels can only be reduced by about 16 cents in the end.But the price space of 16 cents is a huge benefit!

Don't forget, these days, the oil crisis is not over yet!

Compared with previous years, oil prices are ridiculously high.At this time, even 10 cents per gallon less is a big deal.Plus the location of my gas station
The 10 cents a gallon less that a truck has with its already large gas tank adds up to a lot of savings overall when you fill up the tank.If I am on the basis of 10 cents, I can lower the price of refined oil a little bit.This gas station can definitely become a hot spot!
And a hot spot can drive the business of other shops around.
The profit margin inside and outside here, even if there are thirty more people, it is nothing.If it weren't for the fear of missing the old man, Carter would have yelled "Fifty people for the Lord"!

Even if you won’t be able to make any money for a while, all the profit margins will be used to fill the pit of employee wages
Isn't there a future?
(End of this chapter)