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Chapter 1465 - Chapter 15, Taxation_2

Fools are, after all, in the minority.

The emergence of brainless policies is either due to ignorance or driven by interest.

The King's own family runs banks; it's obviously impossible to create policies that ruin its own industry.

Whether the tax rate is high or low, the Near East Development Bank benefits regardless. Moreover, there's also a bill to combat high-interest loans attached.

"The Chancellor is right, usury should indeed not exist.

Nobles must bear the responsibilities of nobility and not be purely profit-driven!

I propose that the cap on all lending rates in the country be set strictly within twelve percent and that loans must be fully disbursed without any additional fees under any pretext.

Those found in violation must not only repay their unlawful gains but also forfeit their loan principals and be permanently banned from engaging in financial business.

To ensure the implementation of this law, the Kingdom Government should encourage everyone to report usury.

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