"Yes, it's a rule set by the eldest grandson!"
"However, the tax collected on each loom is not much, only ten coins per day. If the loom is damaged, the tax is waived."
Upon hearing this, Li Shimin silently calculated in his mind: with 58,000 looms, the tax revenue from them alone would amount to 568,000 coins per day, which would amount to over 200,000 strings of cash per year.
But he had a question in his mind: would ordinary people be willing to pay taxes?
Are ordinary people willing to pay taxes?
"Yes, I would!"
"Why is that?"
"Your Majesty, the eldest grandson only collects cloth woven on registered looms. Cloth woven on unregistered looms is not taxed, and no one buys it; the eldest grandson has to find his own market to sell it!"
"Therefore, the people are very willing to register!"
"this……"
Although Li Shimin did not understand the logic behind this, he knew the significance of this move for the Tang Dynasty after ruling the country for many years.
Chang'an County suddenly gains over 200,000 strings of cash in taxes every year. Whether this money is used for the benefit of the people or for the government, it is a very good thing.
"How much money does your Chang'an treasury have right now?"
"Your Majesty, aside from the initial ten thousand strings of cash which remained untouched, we have now earned twenty thousand strings of cash..."
Li Shimin sighed inwardly upon hearing this, then looked at Li Zhi beside him.
"Li Zhi, how much money does your Wannian County have left?"
Li Zhi was stunned when he heard this. His Wannian County was already struggling to make ends meet, and he was lucky if he didn't owe anyone anything!
But how should I answer that?
You can't exactly say you owe 20,000 strings of cash in debt, can you?
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