I was the emperor in the Ming Dynasty

Chapter 411 Xia Yuanji is Proud
Since the exchange opened, Li Tian has been paying attention to its changes.

From the very beginning when no one cared about it, to the bustling crowd a few days later, with people coming and going side by side.

While allowing Li Tian to see the great potential of Daming's business activities, it also made him understand that Daming is not without shrewdness.

What they lack is such a multi-functional platform with guaranteed transactions and guided transactions.

In just a few days, the transaction volume and turnover have been increasing at an astonishing rate.

Of course, Li Tian will not let go of any opportunity to make money.

And his method is to use the exchange to guarantee the risk of each transaction while charging a [-]% margin.

At the beginning, some people complained that this was a money-grabbing behavior by a white wolf who plucked the hair of the wild goose.

But after a few days of fermentation, especially after those businessmen who made a lot of money through the exchanges spread word of mouth.

This mere one percent deposit seems to be an insignificant thing.

Just imagine, if it is an uninsured transaction, a transaction that costs tens of thousands of dollars, if it fails, it will be nothing.

But for 1 taels, you only need to pay a deposit of 100 taels to ensure the fairness of the transaction. Although you made 100 taels less in the end, compared to the money you can earn, that little money seems really nothing .

However, the guarantee that the exchange gives all merchants to do transactions is not without risk.

If the risk of some business is too high, the exchange will also increase the margin limit appropriately.

In this way, it is possible to prevent some people from using this kind of loophole to defraud the exchange for compensation deliberately with their left hand and right hand.

There will be no shortage in any era, the kind of speculators who like to take advantage of the loopholes in the system.

Li Tian had already prepared for this.

The security deposit is one aspect, and the extremely severe penalty system is also a powerful means of checks and balances.

If someone does not perform after publishing the transaction information, deliberately delays or simply breaks the contract.

The exchange will not only confiscate the security deposit of the other party, but will also give corresponding punishments according to the severity of the circumstances. If it is serious, it may report to the official for handling and at the same time, it will be permanently removed from the exchange.

Li Tian's punishment method does not seem to be a big deal in later generations.

But in this era when businessmen rely on their reputation, once they are on the blacklist of the exchange, they are abandoned by all the merchants in the capital.

No matter what kind of business he does in the future, no one is willing to trade with someone who has been stained.

Being on the blacklist is tantamount to ending his business travel career.

This kind of punishment is not light.

Therefore, for the sake of small profits, few people dare to try to make themselves unable to do business forever.

While ensuring fair transactions, the exchange can also help everyone distinguish who is a trustworthy merchant. This alone has won the favor of merchants all over the capital at an extremely fast speed.

Later, facing the new tax law that the court began to gradually implement, the voice of opposition suddenly became much smaller.

Even if there are still people who are doing things behind the scenes, they will soon die down under the strong deterrence of the blacklist of the exchange.

Even those century-old rich families and thousand-year-old aristocratic families have to recognize them with a pinch of their noses.

The era of allowing them to run rampant and manipulate the market at will has passed.

In just half a month, the exchange went online and the tax reform was announced, which did not cause chaos in the capital's industry and commerce as previously expected.

On the contrary, the calmness makes people feel abnormal.

Especially those aristocratic families who are unwilling, they are not only curious,

"What happened to the merchants of Ming Dynasty? When did they become so obedient?"

In fact, this is not to blame for their amazement.

Backed by the huge capital of the Royal Bank, the exchange united with the most powerful wealthy families in the capital, and monopolized most of the capital's supply of goods as soon as it made a move.

Those big merchants may still have some background and can last for a while, but those small and medium-sized merchants, but every day they don't have goods, they lose one day of business.

Thirty one tax is nothing but the turnover of one day in a month.

In contrast, the loss of delaying tax resistance for a few days is greater than paying taxes. Businessmen are all profit-heavy, and you can figure out which is more important even if you think about it with your heels.

In addition, there is the risk of being blacklisted by the exchange, so for a while, the yamen of the Ministry of Finance is almost overwhelmed by merchants rushing to pay taxes.

"My lord, I have to pay taxes, open the door!"

"No one can stop me from paying taxes. Even if I die outside today, I still have to pay taxes!"

"Paying taxes makes me happy, paying taxes makes me happy!"

When Li Tian was in the early court, the old Shangshu Xia Yuanji vomited bitterly.

"Your Majesty, the Household Department has been surrounded by merchants for the past two days, and the old minister went to Dianmao, but he couldn't even enter the gate.

I had no choice but to climb over the wall through the back door, the poor old minister is quite old, and he still wants to do the embarrassing thing of climbing over the wall, it is really embarrassing for the old minister..."

Those who didn't know the truth thought he was really complaining, but those who knew the situation couldn't help but mutter in their hearts.

"This old Xia is really not a thing. If you want to show off, you can just show it off, and even sell it badly on purpose. What a cunning old man!"

Li Tian smiled and said nothing, while Huang Gui said sourly,
"If Old Shangshu Xia thinks the Ministry of Household Affairs is struggling to collect taxes, our Household Reform Bureau can help!"

Hearing that Huang Zhun was going to steal his business, Xia Yuanji immediately said with a beard and stare,
"That's not acceptable. How can I hand over the affairs of my household department to outsiders? No, no!"

Rushing to pay taxes, so many people almost broke the door of the household department, this kind of thing is a rare anecdote even if it is put back and forth 500 years ago.

It's no wonder Xia Yuanji wanted to show off in this way, he did have the capital to show off.

In just a few days, the money bag of the household department, like blowing up a balloon, soared a lot, reaching a rare more than 300 million taels of silver.

At the peak of previous years, the income of the household department was only more than 200 million taels. Now, this figure has almost doubled in just a few days.

According to this ratio, if all the commercial taxes in the capital are collected, it may reach sixty-seven million taels.

Although there is a reason why the summer and autumn taxes are collected at the same time, it may bring such a large amount of income to the court at once, but it still makes him so excited that he can't sleep all night.

As the Secretary of the Household Department of the Ming Dynasty, no one has reached this level in this position. For this alone, regardless of other things, Xia Yuanji will definitely leave an extremely important mark in the history of the Ming Dynasty.

Although, the Ministry of Households just picked up a big bargain from the exchange founded by Li Tian, ​​but even if the credit is shared equally, his credit is indelible.

(End of this chapter)