Chapter 1459: Chapter 13, High Trees Catch Much Wind_2
Count Mitchell diplomatically advised.
In his view, the King had many rits, but his oversight was sowhat overreaching. To so extent, it indeed expanded royal power, yet it also introduced many unnecessary risks.
As a king, there is fundantally no more room for improvent. Stability should be the priority; there’s no need to rush to prove oneself.
“Palace Minister, I understand your point, but the order must still be issued.
The reform has been ongoing for so long, and this is the most imdiate result. With the large-scale adoption of new technology in the upcoming spring planting, everything will be different by the ti the autumn harvest cos!”
Caesar IV said slowly.
With different positions, there’s a different way of considering issues. The reformists have taken many actions, but the results have been few and far between.
The greatest achievent might be the abolition of transit taxes between territories, significantly reducing transportation costs and promoting the developnt of comrce and industry.
Unfortunately, this is a long-term policy, and for a long ti in the future, there’s no observable return in fiscal revenue.
Not all nobles have foresight; most nobles are diocre, lack subjective judgnt, and are easily tempted by quick success.
To continue the reforms, the reformists must have an achievent they can present, leaving everyone speechless.
The new agricultural technology was developed by Hudson, but that doesn’t an he enjoys all the glory alone. As a king, Caesar IV can naturally be involved.
Even if it’s just to increase his presence, this promotional order must be issued.
The small episode concluded, and the Kingdom Governnt suddenly found itself bustling. The previously despised “fertilizer farming thod” suddenly beca popular.
Without Hudson having to worry, the reformists from top to bottom actively mobilized. Perhaps lacking a strong leader, the Conservatives didn’t co out to cause trouble.
However, such good days are evidently diminishing. As the reforms delve deeper, more areas are touching upon various interests.
Many nobles whose interests are hard are reaching the tolerance threshold with the reformists.
Eighty percent of the reform clauses, once transmitted from the central to the local level, directly turned into re formalities.
Worse still, it’s not only the Conservative nobles resisting reform; even within the reformist camp, divisions have begun to erge over specific reform issues.
…
“Is the Kingdom Governnt planning to tax the bank?”
Upon receiving this news, Hudson was montarily speechless.
As expected, the taller the tree, the more it catches the wind. The Near East Developnt Bank, without dividends, was running so prosperously that it rely drew envy from outsiders.
Once a huge dividend was distributed, the impoverished Ministry of Finance imdiately targeted it. Even though soone rely proposed it for now, without it becoming law, Hudson knew it was just a matter of ti before the policy was implented.
The financial industry is, by nature, the most lucrative business. Especially when there’s no regulation, making money is all too easy.
The Near East Developnt Bank, which started with a “Ponzi sche,” eventually turned into a real enterprise because it was too profitable.
Hiding for so long, it was inevitable they’d get noticed. Once the Kingdom taxes the bank, subsequent regulatory policies are also just a matter of ti.
Of course, this process could be lengthy. After all, until a financial crisis hits, no one realizes how destructive it can be to the economy.
Intervene?
With the Near East Developnt Bank’s shareholder makeup, hindering the Kingdom Governnt from enacting a tax law isn’t particularly challenging.
However, being in the noble circle, Hudson doesn’t have absolute freedom.
Reputation assists one’s career, but beyond a certain point, it also becos a constraint.
For instance, Hudson’s persona is that of a public-serving Human Marshal, a leader of the Kingdom’s reformists.
Others might obstruct reform for personal gain, but Hudson cannot.
Actively adopting the reformist label isn’t ant for the senior nobles. Those who’ve been in politics for decades require voluntary cooperation; otherwise, Hudson can’t persuade them.
The young generation of nobles are Hudson’s target audience. Coincidentally, most of them are reformist supporters.
No matter whether it’s to save the Kingdom’s finances or further expand his influence, Hudson needs to align himself with the reformists.
Since taking a stand, he can’t play both sides.
If the reformists can reform others’ interests, they can also affect the interests of the reformist Big Shots. If insiders don’t support reform, then the Kingdom’s reforms are impossible.
“Duke, the news ca from the Ministry of Finance. It’s said that Earl Rinnares, the Minister of Agriculture, first proposed it, sparking significant disagreent within the Ministry.
But ultimately, the supporters gained the upper hand. However, due to the considerable resistance, it hasn’t yet been brought up for discussion in the Court.
Privately, Earl Rinnares has recently visited several high-ranking ministers of the Kingdom, seeking their support.
Should we take so asures to block Earl Rinnares’s actions?”
Listening to Jose, Hudson felt quite frustrated. Such matters traditionally involve the Ministry of Finance leading the charge. Why is an Agriculture Minister ddling?
Even if involved due to tax reform, having been assigned by the King to assist is understandable, but why be so aggressive?
Hudson quickly realized sothing was amiss. It seed he indeed offended Earl Rinnares. Had he not stepped up to seize opportunities, the man would still be a regional power rather than be working under the Minister of Finance.
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