Chapter 1466: Chapter 15, Taxation_3
The broader market of freen still cannot be considered a market. The pay and return are disproportionate, only so loan sharks eye this piece.
Of course, it’s not entirely without new clients; the Kingdom Governnt is the biggest client.
As long as the bank dares to lend at a low interest rate, the Kingdom Governnt doesn’t mind handing over all debts, letting everyone earn this interest.
Theoretically speaking, directly lending to the Kingdom Governnt can save a large amount of custor searching costs, and subsequent maintenance costs.
Unfortunately, all comrcial banks harbor doubts about this big client’s repaynt ability.
If truly there were no risk, everyone would rush to lend at a six percent rate; four or five percent isn’t unaffordable to discuss.
“Everyone, don’t be too disappointed, having sothing is better than nothing. The Kingdom’s economy has just started to pick up; it’s impossible to generate a large amount of tax revenue.
This additional inco not only covers the deficits brought by tax reform but also provides so debt repaynt funds.
If the yield from the Papal State is greater, perhaps our fiscal pressure could be easily resolved!”
While speaking, Caesar IV’s heart was bleeding.
Hudson, the founder of the bank, unexpectedly predicted a downturn in the industry for the next three years, which is not good news for the Royal Bank with ager profits.
Thinking about it makes one speechless; the Nobles paying off loans in advance might even kill the lender.
Though knowing this, Caesar IV is still powerless.
To avoid losses, deep inside, he has already decided to call off the Royal Bank’s expansion plan.
It’s better to be conservative at such tis. If branch points are set up everywhere without custors visiting, it would be tragic.
The biggest expense for a small bank is not the endless bad debts, but the excessively high capital mobilization costs.
This is precisely a vicious cycle!
Without enough custors to spread the cost, one has to shrink business branches to reduce operating costs.
However, the fewer the branches, the less attractive it becos to custors.
Especially rchants and rcenary groups who run around, for convenience in withdrawing money, they can only choose banks with more branches to cooperate with.
…
With everything settled, Hudson knew that the Kingdom’s financial world was about to change dramatically.
Among the hundred or more financial institutions now, the number that can ultimately survive is unlikely to exceed thirty.
The high-interest lenders among the populace will only die more miserably.
With the Kingdom Governnt currently having no money, adopting normal ans to collect taxes will have little effect in the short term.
The best choice is naturally to pick a fat sheep to kill and eat.
Obviously, this is not feasible. Although the Near East’s developnt is now fattening, it remains a fierce tiger.
All the Kingdom Governnt can do is catch a few rabbits to slaughter and satisfy its craving.
Unscrupulous high-interest loan gangs are the best hunting target.
Even legal issues have been resolved in this eting.
…
With everything settled, just as Hudson left the hall, a familiar voice reached his ears.
“Marshal…”
Without any hesitation, Hudson imdiately called Maxim, and directly took off and left.
As a result, because he left too hurriedly, he directly crashed into the roof of the Royal Palace, and the falling tiles injured two guards on duty.
Seeing this scene, Hudson dropped two bottles of Magic Potion and quickly slipped away. If it weren’t for the Magic Shield protecting him, he might have gotten injured too.
The unlucky events were just beginning, after weaving through the clouds for two hours, he collided with a group of “Crackling Beasts”.
The fight naturally didn’t happen; Maxim’s physical presence frightened the group of Crackling Beasts, making them scatter and flee.
But the terrified screams during their escape disgusted Hudson imnsely.
It’s undeniable, the legend of the Goddess of Misfortune is highly likely to be true.
Otherwise, there wouldn’t be so many coincidences!
It’s unthinkable for a Dragon to make the mistake of running into a house; the Crackling Beast itself is a rare animal, usually hard to spot a single one, yet this ti they directly ran into a crowd.
If it weren’t for two Sanctuary Bodyguards, encountering so many accidents, indeed, burying an ordinary Eighth-order Strongman would truly be nothing strange.
Luckily, the rest of the journey didn’t present any more oddities, otherwise Hudson would have run back to the Capital to settle accounts with the instigator.
…
In the Jade Palace, Princess Madelena was stomping in anger. From childhood to now all these years, she has always been the most eye-catching child, but now everyone avoids her.
“Humph!”
“Cowards!”
“Had I known this, I wouldn’t have told you, directly trap you to death, trap you to death…”
Though she shouted fiercely outwardly, deep inside, Princess Madelena was anxious. Accidentally leading away a few unlucky second-generation mbers, The Royal Family can still bear it; if the Kingdom Marshal were also to have an accident, she wouldn’t be able to manage the situation.
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