Global Lord: My Undead Can Undergo Fission
Chapter 478: Improve the Financial System

Chapter 478: Chapter 478: Improve the Financial System

Fang Jie looked at the paper, which indeed listed a lot of issues.

Because he had expanded too fast, a myriad of problems had accumulated.

After all, Fang Jie found it troublesome and at first, he mainly focused on the Undead System. He only maintained the other systems because as a Human, he didn’t want to eradicate them all.

Now Fang Jie understood why so many Undead detested the living and wished to annihilate them completely.

It wasn’t just because of their hatred for the living, the main issue was the difference in concepts.

The living were too troublesome to control, it was easier to have obedient Undead. But when it came to a massacre, Fang Jie just couldn’t do it. It was feasible against hostile Camps or different species, but he couldn’t bring himself to harm his peers and subordinates.

"First is taxation then, which indeed is the key to finances."

Qin Lan nodded and said, "It’s really important. As the main body, how could we not tax? Without taxation, finances would fall into the hands of various Lords, and their ambitions would start to grow."

Fang Jie looked at the various tax items listed and felt a bit overwhelmed, but he knew he couldn’t remain ignorant. After all, he was the leader of the entire Territory, essentially, the Emperor of the whole area.

Even though Fang Jie had never admitted this point, it’s what everyone believed in their hearts.

If Fang Jie wished, establishing a Kingdom would be no issue at all.

If it wasn’t for the lack of a Demigod among his subordinates, which didn’t meet the world’s rules, even establishing an Empire wasn’t out of the realm of possibility.

"Alright, these taxes are basically fine, it’s just that this tax rate seems a bit too high."

"Not high at all, business taxes used to be low because there were shipping costs, risks on the road or depreciation and losses. But with the Material Warehouse, these are totally gone. Isn’t the Material Warehouse also an investment as well as the market?"

Fang Jie was stunned, he’d heard of these things ordinarily, but they seemed so insignificant.

At a critical moment, Fang Jie had actually forgotten about these things. Think carefully, although these aspects seemed trivial, the actual losses were quite large, weren’t they?

Now with the circulation of the Material Warehouse and markets, these losses were almost non-existent.

If the business tax remained as before, then the extra portion would end up as private earnings for the merchants.

It wasn’t acceptable that others reaped the benefits after he had invested money and efforts.

"Also, the tax system of this world is far different from that of Earth. We must also move closer to the rules of this world. Even so, the income of the merchants is still very high."

"I suggest that merchants should not be allowed to own their own Territory in the future, and the status of Nobles must be limited."

"Is this to limit the development of merchants?" Fang Jie said hesitantly.

Qin Lan nodded: "Yes, to limit them, the mercantile pursuit of profit is unchangeable. Giving them too high status and privileges would eventually lead to an ungovernable situation."

Fang Jie nodded, then said, "But what’s this about Nobles, we are not a country."

"It’s a kind of privilege given to the Lords of various areas, to grant some people the status of Honorary Citizens. With this status comes certain privileges. But ultimately we are not a country, so this Nobility can only be an honorary position."

Qin Lan straightened his fingers: "First-class citizens, second-class citizens, third-class citizens, Honorary Citizen, Town Excellent Citizens, City Outstanding Citizen... see, I even changed the names."

Alright, from the names alone, it indeed doesn’t seem related to Nobility anymore.

But from Qin Lan’s previous terms, Fang Jie realized that in reality, the privileges of these people were still similar to those of the Nobles.

"As long as productivity rises, giving people the opportunity to live, their lives will be better than before. Even if there are complaints, they won’t truly be equated with the Nobility."

Fang Jie was startled; this felt something like his past life.

But on reflection, despite better living conditions, his own rights, status and social class still seemed similar to ancient commoners and serfs.

After all this time, was this the very social stratification he had always lived under? The upper-class probably saw people like him in this light.

Shaking his head, Fang Jie decided not to think about these things anymore and continued, "What about this then, shareholding companies?"

"Of course, since we need to perfect our financial system, the previous commercial systems obviously can’t remain as chaotic. Before, everything was your own, all materials were for your use, but others had rights to requisition."

"Now it must be perfected. My idea is to remodel it according to a company system. Give some people a certain percentage of shares, create different regional branches in various areas, and even give some local Lords certain shares."

"This way, they can help development, take initiative, turn it into our own, and also streamline the flow of wealth, right?" Fang Jie continued Qin Lan’s thought.

"Exactly, that’s the way, to maximize efficiency."

Fang Jie nodded, "Although it feels a bit uncomfortable, at least it’s still my own industry, and I can access more resources. Alright, let’s do it this way, but the Material Trading House can’t be divided."

"Of course, after all, it’s now like a central bank."

As is well known, if banks aren’t under the control of the state, who knows what problems may arise. Haven’t you seen those bankrupt banks, where one bank’s issues impact countless people?

In the control of capital, these banks are bound to run into problems, no accident.

As for internal problems that could arise, they had been prevented from the start. After all, the staff employed by Fang Jie were all Undead, needing no wages, and they wouldn’t harbor any untoward thoughts.

Qin Lan also wouldn’t share the stakes of an organization that could serve as a bank. This involved not just financial interests but also power and even the authority and scope of many decisions.

Then again, creating the entire taxation institution through the Material Trading House, converting it into an organic whole, was feasible too.

Only by grasping this cornerstone, could we say that a taxation framework is established to operate effectively.

"That’s settled then, but what about agriculture and livestock, do we still tax that? With our productivity, we don’t really need it, although we don’t need subsidies either, but taxing it seems a bit much."

"This really can’t be helped, after all, our situation is somewhat different."