Wall Street of the third generation chaebol

＜ The youngest finance minister. (1) >

“That Deloitte raised both hands and feet?”

Deloitte.

As one of the Big 5 Accounting Firms in the UK, the cradle of talented accountants is crowded with prominent accountants.

It was an accounting firm running wild in the financial district of City of London, and, if nothing else, it was outstanding in one skill.

Such Deloitte surrendered.

The request of the Senate Financial Committee was returned to the commission and power.

The Senate Finance Committee, who believed in them, was astonished.

“The size of the property is unknown.”

Prior to the confirmation hearing, the Financial Services Commission, a standing committee of the Senate, completed several months of investigation into the candidate for finance minister.

However, to say that the investigation was ‘completed’ was absurd.

In other words, the investigation ‘failed’. Even rough measurements have failed.

This was an unprecedented event in the history of the Senate.

“You Republicans didn’t hide it?”

“what?”

Democrats were skeptical.

The current Treasury Secretary is the Republican candidate nominated by Republican President Theodore Roosevelt.

It was highly likely that the Republican Party had intervened in the middle.

But Republican lawmakers vehemently denied it.

“What kind of nonsense is that? We didn’t entrust it to Deloitte alone! Why did we entrust it to Deloitte, an overseas accounting firm in the first place? Do you want to frame it like that when the U.S. Internal Revenue Service also declared surrender?”

“But, you Republicans, the cover-up wouldn’t have been completely impossible! Don’t let it go when you’re a majority and lobbyists are on your toes!”

“If Republicans had been able to conceal their wealth in the first place, the infamous position of the current IRS would have been impossible and bluffing. This man!”

I honestly couldn’t believe it.

That’s the US Internal Revenue Service (IRS).

When it comes to taxes across the U.S., it’s like the Treasury’s Metatron, who checks thoroughly without leaving a speck of dust.

Among the Christian angels, it was a sanctuary in the United States where even the trust’s presidents were pressured to spare their bodies, comparable to that of Metatron, who is called ‘the scribe of heaven’.

“But it doesn’t make sense if the Republicans didn’t protect it. I mean!”

“under!”

The Republicans exhaled in exasperation, but deep down they sympathized with the hearts of the Democrats.

Because they were also flagging themselves.

The IRS doesn’t know?

Naturally, even President Roosevelt of the White House was likely unaware of the size of Detroit’s total fortune.

There were several reasons why Deloitte and the IRS gave up.

However, by ignoring everything and just looking at the amount of documents, they had a momentum to reach even the universe, so accountants were disgusted with their studies.

“Railroad companies look rather cute.”

heat.

Hell difficulty.

Railroads notorious for accounting difficulties.

Even with the large railroads, the accounting documents are like a maze of minotaurs, and once lost, there is no way back.

So, the vast amount of accounting data of railroad companies makes even professional accountants take a break.

“It’s like shuffling dozens of railway companies like poker cards, so it’s an area that can’t be verified with current accounting technology.”

Almost impossible.

In fact, the position of the U.S. Internal Revenue Service (IRS) is also understandable. If it is a corporation, it collects and submits accounting documents every quarter, but it was the sound of having to verify these hellish accounting documents every quarter.

How hell does this sound?

physically impossible

Aside from the IRS employees, it was not going to be solved even if the US Treasury Department employees and the accounting firm outsourced it to the full.

Conglomerates the size of a large railroad company were entangled like a spider’s web, so the IRS gave up and had no choice but to trace back the taxes paid by Detroit.

“There is no basis for tax evasion.”

“But in other words, there is no basis other than tax evasion.”

“Yes?”

Republicans were horrified.

They picked their ears and asked again what nonsense they had heard.

“Race, age, as well as tax evasion could be frowned upon at the hearing.”

Democrats in the standing FSC were sharpening their swords.

Since the Democratic Party’s garden was in the southern part of the United States, not Wall Street in the first place, there was nothing to be honest about. Their votes come from the deserts, farms and cotton fields of the South, not the factories of the North.

Besides, next year is the 1904 presidential election.

Since the Democrats drank water twice in the presidential election, it wasn’t bad to show them how to preempt the Republicans on this occasion.

‘For the southern conservatives (Dixie), a strong figure and tone work well. Tough Dixies tend to regard northern capitalists and elites as noble and unlucky. It might be better to push this.’

It was a political calculation.

At first, politicians were adept at subjective interpretation, criticism, and crowd psychology rather than objective facts, and the necessary ability to lead public opinion is agitation.

The objective fact is just a spice added to cooked food.

It was the perfect object to incite, such as unverifiable accounting data.

But that doesn’t mean their purpose is to disqualify Detroit Nei Morgan from the nomination.

just performance.

Their main purpose is to appeal to the Democratic Party and themselves to their supporters through a stage called ‘Detroit Morgan’s confirmation hearing’.

‘Besides, it is not bad to take this opportunity to draw in the votes of anti-corporate and anti-capitalists to put an anti-imperialist frame on the Democratic Party.’

Politicians began to run clever political calculations in their heads.

“For now, the confirmation hearing for the candidate for finance minister has no choice but to proceed as it is. Since Deloitte has given up, other accounting firms are likely to reject it, and above all, there is not enough time.”

“I agree.”

Confirmation hearing on the candidate for finance minister.

The name Detroit D. Morgan quickly spread among politicians by disbanded Republicans and Democrats.

There was no more stimulating conversation topic than the news that the IRS had surrendered, and it immediately began to spread to the public through media outlets.

[Upcoming confirmation hearing, Detroit Do Morgan candidate’s astonishing wealth list! The U.S. IRS is too big to give up! Is the greedy finance minister candidate okay with this?]

[The move of the imperialist Detroit Do Morgan! The fortune he earned from his affair with the White House in the United States is astronomical! The demons of Wall Street grow huge by sucking the people’s blood!]

Tabloid.

Although some of the Democratic-affiliated yellow presses filled with sedition and fabrications burned with kindling sparks, the media industry was already a market dominated by Detroit.

[The Internal Revenue Service (IRS), ‘There is no record of tax evasion as a result of backtracking Detroit Morgan’s estate. Extensive accounting data is true, but tax evasion is not true.’]

[The White House spokesperson said, ‘The act of slandering a candidate with unfounded speculation is wrong as an American defending liberalism and justice. There is room for defamation.’ Horrible.]

[Attorney General Taft, ‘Dozens of complaints received about Morgan’s tax evasion in Detroit alone, although the freedom of accusation is recognized, reckless abuse is not the right thing to do. Please be careful.’ Request.]

[Candidate Morgan for Treasury Secretary, ‘Tax evasion is impossible on this American land. If there are two things Americans cannot avoid, they are death and taxes.’ Quotation from Benjamin Franklin.]

It looks like it’s covered in cold water.

The mainstream media and Republican media immediately buried the issue.

When the mainstream media put out the fire by pouring out counter-arguments, citing state agencies, it quickly faded away.

Ground land!

“Jeong-suk!”

the Senate.

Hearing for the approval of the Finance Minister candidate held under the leadership of the Standing Finance Committee. A large number of people gathered, and reporters from famous media came to the scene and took pictures of the hearing hall with their cameras.

Click click click!

“From now on, Detroit is also starting a confirmation hearing for Morgan.”

Detroit Do Morgan, a candidate for Treasury Secretary, walked under the podium of the senators on the Standing Finance Committee and sat down in a designated seat.

“Detroit is also Morgan.”

***

‘It was the birth of the youngest finance minister.

Starting with the senators and press seats, the confirmation hearings were bustling with people, fueled by controversies in the newspapers and the title of my youngest nominee for Treasury Secretary.

The senators, who will be holding the hearing today, have gathered this much attention, so they won’t pass. What politicians need is interest and performance.

I also roughly predicted what kind of instigation and fabrication…no questions would come up to some extent.

“Candidate Detroit, please tell us about the tax evasion allegations that have been heating up all over the United States recently. I heard that the IRS failed to track the candidate’s taxes, but he did not bribe the IRS employees or high-ranking officials through the lobbyist!”

From the start, a strong wave crashed.

Among the standing committee, Democrats on the Senate Financial Committee attacked me with a tone and content that were provocative enough to be liked by the Dixies, and began to bite me with lines full of conspiracy theories.

I retorted little by little.

“Is your memory a goldfish?”

“What, what?”

“Yesterday, I requested some data from the Standing Financial Committee. Actually, you don’t have to comply with my request, but thankfully they provided it.”

I got up and picked up a copy of the stationery.

– Deloitte

“A few days ago, Deloitte, one of the Big Five Accounting Firms in the UK, notified the Standing Financial Committee and rejected it. I tried to ask other Big 5 accounting firms just in case, but they all expressed their intention to refuse.”

A line of surrender declarations by prominent accounting firms.

Conversely, the IRS’ judgment was correct, and I refuted the claim that I cooked the IRS through a lobbyist.

“Candidates don’t talk in the sacred hearings! But that’s not proof that you’re not tax evading!”

“Is this proof of my tax evasion?”

“You want to argue with me?”

“no…..”

I sat down in my seat and smiled.

“If that’s the evidence and suspicion of tax evasion, I’m talking about assuming that the investigation is going on, but if it’s possible to drive you away just because there’s no evidence…”

I scratched my head.

“Are you saying it’s okay to move the IRS to scour the IRS just because you’re ‘suspicious’ when I’m appointed finance minister?”

“Gee, are you threatening the lawmakers now!”

“no.”

I shook my head.

“You’re saying that’s what you’re doing to me. So you’re saying you’re threatening me?”

“…..!!!”

“Well, that’s fine. I don’t want to argue for nothing. But I’ll tell you one thing.”

I took out a small paper card and turned it over.

“One hundred and ten million one hundred million billion billion billion.”

“…?”

“It’s roughly $1 billion in corporate taxes that I filed with the IRS last year.”

“…!!!”

1 billion dollars?

The journalists who collected my remarks start talking. It would not make sense to say that it was $1 billion, but US Steel, the number one ticker in the New York Stock Exchange in the original history, had a market capitalization of $1 billion.

Considering that it was the highest market cap in the history of the New York Stock Exchange, it is said that the one-year tax I paid alone could chew the New York Stock Exchange.

Some reporters were astonished by the amount and lost their pen.

‘One billion, one billion?’

‘Are there any companies listed on the New York Stock Exchange that have a market capitalization of over $1 billion?’

‘Ah, no, I can’t find it no matter how much I look for it.’

‘No, you’re talking about tax evasion with someone who’s paying a billion dollars right now?’

‘If that’s the case, wouldn’t the US Internal Revenue Service just give them a tax cut?’

A murmur grew louder from the press seat.

Republicans sitting in the standing financial committee seats crossed arms as if they knew it would.

‘….this.’

The Democrats realized their mistake.

Hearing that the US Internal Revenue Service and Deloitte rejected the accounting investigation, I was engrossed in it and missed an important part.

billions of dollars.

For most Americans, the IRS is an object of loathing. How will the public accept Detroit Morgan’s $1 billion annual donation to the IRS?

The first is the object of compassion. The second was the embodiment of devotion.

“…Dear lawmakers, $1 billion is a bit of a disgrace to any amount of revenue. .”

“……”

“Rather, I feel like I want to receive a tax cut. As an honest tenant who has paid billions of dollars in taxes, I am at times unfair, and the loss of 1 billion dollars of business money is lost every year from my point of view,” he said.

“……”

“Recently, I also led the establishment of the German Settlement Bank in Germany, and as you all know, with this steel monopoly, we, the United States, have emerged as a leader in the international steel industry. We have also activated the sovereign wealth fund and have been playing a role in raising your taxes. “

press stone.

Journalists were quick to take notes and think. As a result of the investigation, it has been 6 years since Detroit Do Morgan appeared in the public eye.

During those six years, Detroit Do Morgan’s actions were like a hurricane.

The magic of capital he creates has been completely absorbed into the national interest of the United States, and no one can deny this fact.

Critics say

Detroit and Morgan’s publicly known moves alone show that the development of the United States has been pulled by nearly 10 years.

Analysts (hooligans) enthusiastic that he created half of the current status of the United States, he was a great man known as a ‘Wall Street hero’ in the New York financial district.

‘Honestly, Detroit looks like it would be right for Morgan to become Treasury Secretary…’

‘It looks like that to me too.’

‘But why are the Democrat Dixies so f*cking stupid’

‘It’s Dixie. Redneck.’

‘ah.’

The southern region far from the financial capital.

Gradually, in the eyes of journalists, the filter that Dixie lawmakers were the conservatives began to blur.

“But how terrifying it is to entrust America’s treasury to a mixed-race Asian! Aren’t you afraid of how much apes in human disguise will ruin America!”

“If I were an ape, then President Morgan would be the one who gave birth to apes.”

“…that, that.”

“Of course, it is a well-known fact that I am of mixed Asian ancestry. But anyone who has seen what I have done in East Asia would never think of me as an Asian. I’m American.”

dismantling the Japanese Empire.

It divides the Qing Empire into north and south, provokes a silver goose rush, and engulfs itself in civil war.

The Korean Empire broke through Confucianism and was swept away by a Christian tsunami.

Invasion of capital.

It was the imperialist capitalist itself.

“The age of the candidate…”

“I am a 21-year-old adult. Are you even doing age discrimination while doing it? You are bringing something special because it is not possible because of racism. If any of the forthcoming Finance Minister candidates have a more colorful portfolio than me, I will recognize them.”

“……”

The Democrats kept their mouths shut and clashed.

There was a momentary silence in the confirmation hearing. If you are refuted while scrutinizing more than this, you will lose Dixie’s image as well as anti-corporate votes.

A billion dollars in taxes, even anti-business people can’t help but be shaken by this.

In fact, the tax is not up to $1 billion.

Issues such as the listing of a holding company last year and a turnaround in the black caused a lot of related taxes to be paid last year.

This novel was posted at https://readwn.com

Of course, that doesn’t change the fact that my taxes are in billions.

‘ah…..’

I leaned back on the chair and thought for a moment.

‘Who… if I admit tax evasion, I’m sure the National Tax Service will hit me as soon as I lose my job, and if I admit to arguing about race, my business position will decrease, and if I tackle with age, I can’t argue with anything other than performance.’

Confucian societies are not the only ones with a will.

Even in the conservative Christian society of the United States, there was no compromise to such an extent that discrimination based on age could be more stringent than that of Confucianism. However, the relatively open American society has a tendency to be infinitely generous with talented people.

elitism.

It was one of the representative values of the northern states.

‘Actually, there are more good things than bad things when you become finance minister.’

Expansionist behavior can be carried out through my close associates, and it can be accompanied by the full support of the Ministry of Finance.

The private pursuit of profit, which has been done in the past, is possible even with my close associates.

American interests are not just memes.

As a capitalist country, the United States has a basic diplomatic stance that prioritizes its own profits. A rather vicious point is that by emphasizing the immorality of the other party and putting their own ‘justice’ first, their acts of aggression are buried in the shadows.

The representative values are liberalism, democracy, and market openness.

‘What we want with these values is ‘profit’ in the end.’

The United States often moves for a single company.

If you go from the end of the 19th century to the 1910s in the original history.

In particular, in the case of banknotes, Cuba and Haiti were soaked for Citibank. Soaked Honduras for the fruit companies, and soaked the Dominican Republic for the sugar trust.

with what

into the US Army.

‘The Republic of Banana is not the Republic of Banana for nothing.’

So it means that it’s not particularly unusual for President Roosevelt to defend my American companies with military forces. It just has to be done informally.

Roosevelt judged that I was at the heart of it.

This appointment of the finance minister is the reason that the country has been elevated to an official statue in order to protect the ‘enterprise’.

Minister of Finance?

Woodrow Wilson’s McAdoo was one of the most ambitious treasury ministers of all time.

It’s not that Wall Street people want to do the Treasury Department for nothing.

‘Certainly nailed. As Secretary of the Treasury, the profits I could earn could be much higher. In addition to the informal business, the scope of operation is also widened. In a safer way on the official stage.’

but.

Things just increase.

I rubbed the back of my nose with my hand, ignoring the Democrat senators who stared at me.

‘You have to like this, you shouldn’t.’

First.

It seems to be right to like

“Do you have any last words for the candidate?”

The confirmation hearing was also nearing its end.

Everyone in the hearing room focused on me.

I slowly turned my back and put my hands in front of you.

I looked at the senators one by one with a serious expression. They gulped their saliva at my wretched eyes for some reason and made eye contact with me.

The eyes of the left were focused on me, and the journalists were sweating on their hands, concentrating all their attention on dictating my remarks.

Tick tock.

The silence lengthened.

This tense time when the people in the hearing hall hold their breath and only focus on me. This stillness, even the sound of your heart beating.

This novel was posted at https://readwn.com

One minute and one second of the hearing felt long.

with a smile on your lips

I opened my mouth slowly.

“There is not.”

Druck.

I get up from my seat and leave. The crowd poured out cheers for my performance, and camera flashes exploded from all directions.

1903.

It was my first political debut.

In the cheers of everyone, I swallowed a bitter smile inside.

Good days are coming when you can freely roam the world and scavenge money and gold mines.

But my new business card didn’t look too bad either.

A soft smile spread across my lips as I left.

＜ The youngest finance minister. (1) > end