Chu Fan pondered for a moment and then said, "The purpose of the foundation is to raise funds to support the country's war and development. So we can divide the fundraising into two major aspects, one is the war fund, and the other is the development fund.
As the name suggests, the war fund is used to raise funds to support the country's war. I intend to allow all Wei citizens to participate in purchasing the war fund. When the court wins the war, the citizens who participate in purchasing the fund will also receive a portion of the dividends according to their purchase share.
In this way, the people will support the war for their own interests, forming a situation where everyone is a soldier, which will be of great benefit to our Wei State's subsequent external expeditions.
Of course, regarding how much of the spoils should be distributed as dividends, I think it can be distributed according to one-fifth of the spoils income. This will not cause too much damage to the country and the court, and it can also stimulate the enthusiasm of the people to participate and win their hearts.
Of course, such dividend distribution also requires a strict standard, otherwise it may lead to uneven distribution and cause public resentment. Therefore, it is necessary to establish a fixed dividend standard to ensure relative fairness in this matter.
Therefore, I have a better idea. During the issuance of the war fund, all citizens who purchased the war fund can receive 10% of the money they purchased the fund every year as dividends from the court. As for the principal of the fund, it will be returned in one lump sum after the war. This can motivate the people without affecting the national treasury.
After victory, one-tenth of the spoils would be used as additional dividends, allowing the people to feel the court's sincerity and ensuring the stable operation of the fund. Of course, these matters should be made public and transparent to convince the people, and the Ministry of Revenue also needs to calculate the amount that each buyer should receive.
The purpose of the Development Fund is to raise funds to support national development, such as building roads and bridges, improving people's livelihood, etc. Citizens can also participate in the purchase, and the court will give citizens who purchase the fund a 5% dividend each year.
Furthermore, the people of Wei can redeem these development funds at any time, and the court should also provide the corresponding principal and interest to ensure that the interests of the people are not harmed. This will not only attract more people to participate, but also promote the long-term development of the national economy, forming a virtuous cycle.
Chu Fan looked at the confused people in the imperial study and said, "If you have any questions, please ask me and I will explain them to you in detail."
Minister of Revenue Qian Dai said with some embarrassment: "Your Majesty, I have a few questions to ask."
Chu Fan said, "Qian Aiqing, please feel free to speak."
Qian Dai said, "Your Majesty, first, you suggest using one-fifth of the spoils of war to distribute as dividends. Although this will be much more troublesome, it will ensure that the interests of the court will not suffer too much loss.
However, Your Majesty's second distribution plan allows the people to get a 10% dividend after one year after purchasing the fund, and after winning, one-tenth of the spoils will be given as additional dividends. Isn't this giving up too much benefit?
If the people of Wei buy a large amount of war funds, will the dividends be greater than one-fifth of the spoils? Should we continue to extract more funds from the spoils, adjust the dividend ratio, or let the national treasury make up the difference?
Chu Fan had actually considered this question before. He said, "Qian Aiqing's worries are completely unnecessary. Doesn't Qian Aiqing still not believe in the strength of Wei's army? As long as the war advances quickly enough, the spoils will naturally flow in continuously, enough to cover the dividends.
The Wei State was already constructing a railway. Once completed, transportation efficiency would be greatly improved, allowing the Wei State to mobilize its troops much faster. A year would be enough time for the Wei State's army to capture many cities.
Another point is that if the enemy really resisted stubbornly and Wei failed to capture enough cities and obtain enough spoils within a year, then the existence of these war funds would help Wei stabilize the people's morale and prevent the country from being shaken by unfavorable war results.
Therefore, even if it is time to take out some money from the national treasury or my inner treasury to provide subsidies, it would be a good idea. After all, if the war on the front line is not going well for the court, if someone in Wei State takes the opportunity to cause chaos, then it will not only damage money, but also the foundation of the entire country.
In my second plan, I mentioned that after victory, one-tenth of the spoils would be distributed as additional dividends. This would not only motivate the people to actively participate, but also stimulate the fighting spirit of the soldiers on the front line.
Now the pensions given by the State of Wei to the soldiers who died in battle were already quite generous. If the men in the family died on the battlefield and there were no able-bodied laborers left, the women and children in the family could also be properly accommodated by the court, which relieved them of too much worry.
With the incentive of the war fund, their family members will definitely buy some as well. When they bravely fight on the battlefield, they will not only gain honor, but also bring tangible benefits to their families."
After listening to Chu Fan's explanation, the Minister of Revenue Qian Dai felt that what His Majesty said made a lot of sense, but he had more than one question in his mind. Qian Dai then asked:
"Your Majesty, should the war fund be capped to prevent aristocratic families and wealthy merchants from making excessive purchases? If the court doesn't exercise restraint, and these aristocratic families and wealthy merchants continue to purchase war funds, the court will have to pay them huge dividends every month, which could lead to dissatisfaction among the common people and potentially lead to conflict."
Chu Fan smiled and said, "I didn't expect that Minister Qian, as the Minister of Industry, would have the same hatred towards the rich as ordinary people."
Qian Dai smiled sheepishly, then replied, "Your Majesty, although my remarks are indeed somewhat biased, Your Majesty still needs to consider the issues I raised."
Chu Fan said to Qian Dai, "Qian Aiqing, you are thinking from the perspective of the common people, but not from the perspective of a minister of the court and a ruler. This is not good.
You have to know that these aristocratic families and wealthy businessmen have a lot of money. If they cannot find a reasonable way to spend the money, then these aristocratic families and wealthy businessmen may find ways to buy the land from the people. At that time, the people will be displaced due to land annexation.
If such a situation arises, it will be a difficult matter for the imperial court. Therefore, having these aristocratic families and wealthy merchants invest their money in the war fund will not only allow the imperial court to obtain a large amount of funds, but also solve the problem of these aristocratic families and wealthy merchants being unable to spend their money to make money.
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