Infinite Reincarnation – Arthur Hurt - Chapter 146



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Infinite Reincarnation – Arthur Hurt Chapter 146

26-Noble

Arthur, who had been listening closely to the movements of the assembly, heard of such movements.

The topic of the Minhoe financial tax came up in the regular meeting, as if it had reached the ears of the people. It was a policy that would have a huge impact on the banking industry, so it could not be left out.

“Just leave these damn Minhoe guys alone!”

Jarani raised her voice. The financial tax was a bill that imposed a flat tax on profits from financial transactions. Naturally, interest income was also taxed.

“Those who say they are for the citizens! Don’t you know that if you do that, the interest burden will naturally increase?!”

Banks and moneylenders weren’t stupid. If interest income was taxed, they could just raise the interest rate.

Crackdown? Even if caught, there were many ways to escape, and considering the kingdom’s administrative power, crackdown was a dream. In the end, only the large, exposed, and easy to crackdown large banks would be cracked down on, and then only the debt collectors would suffer.

“What was the palace’s reaction?”

“It’s quiet, as if it’s watching.”

“That may be true.”

There is no way to prevent the national treasury from increasing, right?

Besides, it was not a bad thing politically for the king to remind the nobles that the card called the People’s Assembly was still alive. Everyone would remember through this agenda that the king was the Schrödinger’s power holder who could or could not allow everyone to suck the honey of the new business called banking.

Arthur asked the question in a cool manner.

“What about us?”

“I don’t know yet. But I think the big banks, or rather the investors, will make a move.”

The fear of loss is the most powerful motivation that moves humans.

Of course, they won’t suffer losses if they pay some taxes, but aren’t investors a race that considers opportunity costs as costs, thinking that they have suffered losses if they don’t make the expected returns? That’s why the country that collects taxes is a robber in the guise of legality to them.

Considering their opposition, Jaran judged that the Minhoe’s financial tax was clearly unreasonable and would soon fall through.

But Arthur tilted his head, wondering if that would really happen.

Did he raise the issue of financial tax in the People’s Assembly to produce such a predictable result? He thought so because Fried Papaca, whom he met in person, was a smart and thoughtful person who could say different things depending on the person he was dealing with.

“I think I should give it to you first.”

“Okay.”

As Jarani nodded, Arthur spoke to Samuel.

“Mr. Samuel, do you have anything to say?”

“I’m going crazy over the Automaton Music Box Exhibition.”

Samuel was signing a stack of documents without joining in on the conversation between the two.

He was the one who was in charge of the most practical work among the three, and frankly, he wasn’t very interested in the issues of the Minhoe. What should I say? He didn’t have the time to care about such things, so he trusted that Arthur and Jarani would take care of it.

Arthur said indifferently.

“Can’t you just have your subordinates do it? It’s just about displaying the products.”

“Then do you want to do it?”

“sorry.”

Arthur immediately caved in to Samuel’s words. He had no intention of destroying the precarious work-life balance that he had barely managed to keep.

So, they decided to keep an eye on the Minhoe and financial tax issues, but things turned out strangely, contrary to Jaran’s expectations and Arthur’s expectations.

The financial tax did not disappear. It did not break through the tax exemption privileges of the nobility. Yes, the tax on interest income was applied only to the commoners.

Then the bourgeoisie reacted fiercely and criticized the People’s Assembly.

What the hell is this? If I just stayed still, I would have lost half of my weight, but instead, I showed off and made a mess of things, and he swore at me.

Then, the People’s Assembly began to withdraw the bill as if it had been set on fire. This was because most of those supporting the People’s Assembly were bourgeois.

But in reality, the nobles began to advocate financial taxes.

It was already unpleasant to hear talk of the four major banks, but the St. Scala Bank, which was established with bourgeois capital, was secretly doing well.

But what if a financial tax is introduced? It would be possible to put chains on the St. Scala Bank, which is doing well and is in a bad mood. After all, isn’t it true that my competitors’ difficulties are my gains?

If it had only progressed to this point, there would have been no problem. It was a problem that could have ended with the bourgeoisie simply bearing the financial tax that was thrown at them, even if they were dissatisfied, but the small desire for ‘just a little more’ always fanned the flames and caused the problem that was about to be resolved to explode again.

This time, the target of that ‘just a little more’ was Marron Bank.

At the beginning of this incident, the Maronite Bank, which was the capital of the church, was left out of the financial tax debate because the church had made many administrative contributions to the state administration, such as recording the births and deaths of citizens under the pretext of baptism and funeral, and thus was not customarily taxed. Could it be that the church was providing a kind of administrative service instead of taxation?

And that role has not completely disappeared even now.

They were still performing roles that could not be done by harassing civil servants, such as helping the poor and controlling public sentiment.

Not only that, the church was not an organization that belonged entirely to the Kingdom of Skara. This was because there was a superior organization, the Saint Bahihan, that governed the church worldwide. In other words, imposing taxes on the church could be a diplomatic problem.

But there was a crack in that unwritten rule. It was not clear where it started.

Was it because the common bourgeois investors who had been forced to write off the financial tax were carrying out a trick to get the financial tax withdrawn, or was it because the aristocratic investors wanted to take advantage of this opportunity to knock out their competitor, the Maronite Bank, that the financial tax debate spread to the Maronite Bank, which was established with church capital?

What is certain is that there were certainly nobles among them who wanted to reduce the influence of the Church in the institution of banking, and they, encouraged by the cries of the bourgeoisie that “it is unjust to impose a financial tax only on us!”, tried to push for the imposition of a financial tax on the Maronite Bank, that is, on Church capital.

Naturally, the church opposed this and took action.

“It’s a clam plate.”

Arthur muttered.

The situation became complicated and the piano was not distinguished.

At first glance, it seemed like aristocratic capital was attacking common capital and church capital, but money was money, and money had no borders. Could there be no aristocratic investors in the Bank of St. Scala? Could there be no common capital or church capital in the Bank of Noblesse or Haibon? And what about the Bank of Maron?

Besides, there was no reason for the nobles to point out Marron Bank. If there was even a little spark, St. Scal Bank would grab Marron Bank and complain about the injustice, and Marron Bank would be shocked and ask why they are trying to grab them, causing a rift between the two. Then, why did it have to escalate to this point when it would have been better to just have a good time and eat rice cakes? Did a thoughtless fool do something?

However, by combining information obtained directly and indirectly from high-ranking acquaintances such as Count Stan and the Queen, who often received letters from Cho-reng, Jaran, and the Central Bank, it was possible to guess who the attackers of the church’s capital were.

The main force was the neutral aristocracy. Some royalist aristocrats and the bourgeoisie of the gentry class intervened.

Is the purpose to reduce the influence of the church and lay the foundation for a more rational state system free from the superstitions of faith?

Arthur didn’t quite connect the dots on how beating up religious capital could be the basis for a better form of state, but since the republican aristocrats believed it, it had to be so.

Republican and noble, what an absurd combination of words, but that wasn’t Arthur’s expression. It was the expression of the neutral party, Count Stan, who was the republican noble.

The republican aristocracy was a group of aristocrats who formed a neutral faction and pursued reform of the country.

A group of people who believed that the rights and lives of the commoners should be improved in order to maintain the privileges of the nobility. The methodology was the national system in which the king, nobility, and commoners formed a triangle.

Yes, there was no role for the clergy here. In this age of intellect, where reason reveals the secrets of the world, is the blind idea of ​​faith an old-fashioned stumbling block?

“Things are turning out really strangely for us.”

Arthur showed a sense of crisis.

As Scalon settled down and the aristocracy came within the confines of the monetary economy, the greatest threat to the right to issue currency would be none other than the king who had given it up.

To this end, they were waiting for the time to ripen for the aristocrats to become immersed in capitalism and realize the importance of the right to issue currency, but the pebble of the financial tax thrown by the People’s Assembly ended up causing a huge stir.

Well, that’s why they say that work is done by people and success is up to heaven.

“Depending on the church’s response going forward, three logical situations will unfold.”

Full introduction of financial taxes, or their withdrawal, or partial introduction.

Logically, it wasn’t a very difficult scenario to predict. It was just a proposition, a contraposition, and a compound proposition.

But the political implications inherent in each situation were not that simple.

The full introduction of a financial tax would have required the authority to suppress aristocratic privileges, which meant royal intervention.

The withdrawal can be done through the National Assembly or the National Assembly, but would the King, who wants to expand the national finances, really want that? The floodgates have already been opened.

Finally, there are some introductions which were bound to provoke a reaction from the common bourgeoisie.

If the church makes concessions and decides to pay the financial tax, the backlash will weaken, but it will not disappear. They will once again feel the privilege of the aristocracy and shake their fists in relative deprivation.

Above all, since it was difficult for the church to make unilateral concessions while leaving the tax exemption privileges of the nobility intact, there was a high possibility that only the common bourgeoisie would be affected if partial introduction took place. The relative deprivation felt by that class would inevitably increase.

And Arthur saw that as more likely.

If the church were an organization subordinate to the state, financial taxes could be levied on religious capital, but this was not the case in reality, and there was a holy city, Bahihan, which was the upper organization of the church. From Bahihan’s perspective, it could not easily give up the rights of the church for the sake of the rights of churches in other countries.

“Then what will happen to our Skara Central Bank?”

“We will be able to move only after this case is concluded. If we interfere now, we may become public enemies. I am sorry to say this, but even if we are in a situation where we can move, we will probably have to be careful when that time comes.”

Arthur answered Samuel’s question.

There are times like that. A situation where you unexpectedly lose control of the world and have to just let it flow. Now is that time.

Jarani furrowed her brows.

“Should I protect my body?”

“The best-case scenario for us is the repeal of the financial tax, the second-best scenario is a partial implementation, and the worst-case scenario is the full introduction of the financial tax.”

Because the abolition of the financial tax meant that the King would not interfere in finance, whereas its full introduction was a declaration that the King would fully interfere in finance.

Although the introduction of some secondary measures would have deepened the discord between the commoners and the nobles and drawn more attention to the central bank, it would still be better than having the king step forward.

“I guess I’ll have to assume the worst.”

“Whether His Majesty the King will step forward will depend on the church’s choice.”

And Arthur had a feeling that the King would definitely step in. Because wasn’t the Church now in collusion with the King through the Church Land Act?