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The most profitable emperor in history, who is the best? The answer is self-evident, Han Wudi Liu Che, the peak Internet celebrity in the ancient emperor world, subverted the ancient financial pattern and created a miracle. This article will reveal the crazy ways of making money by Liu Che, the emperor of Han Wu, which constitute the most daring fiscal strategy in Chinese history.
First, Emperor Wudi of Han initiated the Yantie official camp, which was his first way to make money. In ancient times, productivity was limited and society was largely dependent on agriculture. Therefore, salt and iron have become essential as important production and living materials. Emperor Wudi of Han turned salt and iron into an official industry, which greatly increased fiscal revenue.
Second, he introduced the arithmetic method, that is, the collection of property taxes. This tax is mainly for commercial production and personal property. If the rich did not report, Emperor Wudi of Han encouraged whistleblowing, and once verified, a heavy fine would be imposed, and the fine would be divided between the imperial court and the whistleblower. This policy stimulated the enthusiasm of whistleblowing, but also had a considerable impact on business development.
Third, Emperor Wudi of Han actively attacked Hao Qiang. He became the first anti-corruption fighter in Chinese history, mainly against bullies and tyrants. He took drastic measures, exiling them to the frontier or moving them to his mausoleum. For those who disobeyed, Emperor Wudi of Han even imposed punishments, raiding homes, severely punishing, and even exterminating the family.
Fourth, he introduced a policy of equalizing losses. Equal loss is to sell the materials paid tribute in various places at a high local price and then convert them into currency to avoid transportation losses. The principle of peace was to set up large warehouses in various places to store materials, and the imperial court would buy them in large quantities when prices were low and sell them when prices were peaking. This policy not only created wealth for the country, but also prevented businessmen from making excessive profits, arguably the earliest state-owned enterprise in Chinese history.
Fifth, Emperor Wudi of Han implemented a policy of discussing sinful silver. This means that crimes do not have to be punished, and crimes can be forgiven as long as the family is willing to pay a certain amount. The disadvantage of this policy is that the poor cannot pay, while the rich get away with it. However, this policy saved many celebrities such as Li Guang, Zhang Qian, and Sima Qian, all of whom were sentenced to death for their crimes, but eventually the families paid ransom to save their lives.
Sixth, Emperor Wudi of Han adopted the method of rectifying the princes and kings, directly dealing with his own clansmen. He executed several wealthy princes and obtained a lot of wealth from them.
Finally, he unified the currency. Although a unified monetary policy was established during the reign of Qin Shi Huang, the subsequent Han Dynasty decentralised the power of currency minting. In order to increase financial revenue, Emperor Wudi of Han withdrew the right to mint currency throughout the country, ensuring the control of the imperial court.
These eight ways of making money by Emperor Wudi of Han constitute a wonderful financial system. Although these policies had a negative impact on society to some extent, they undoubtedly supported Emperor Wudi of Han's decades-long foreign wars, helping him to expand his territory and wipe out the four kingdoms. History will judge the gains and losses of these policies for posterity.
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