Reply to: Darling, Darling, Darling, versus the Salmond

[scooterscot]

While I see were you are coming from, letting such a large bank fail, would have likely brought down many other banks/businesses and caused untold mayhem. Ever heard the expression "too big to fail"?

A term generated by the bank itself. On my death bed I'll shout NOooooo and an lo and behold I'm injected with 50 years of new life.

Many of the bank's customers, investments, were gamblers themselves. Folks who borrowed too much, pyramid schemes. Magic UK QE / your tax money is supporting loses at home and abroad. Yes savers who did no wrong were caught up. My UK savings remain firmly in the building society.

[scooterscot]

Knock yourself out

"Scotland accounted for 9.3% of UK public spending between 2008-09 and 2012-13, while generating 9.5% of tax receipts - it put in more than it got out. It suggests that tax receipts are currently 14% higher in Scotland than the rest of the UK"

http://www.scotland.gov.uk/Resource/0045/00451336.pdf

Would Scotland be economically better off if it was independent? | News | theguardian.com

Remember reading the tax receipts statistics a couple of years back. The inequality makes you think, we'll we're used to being shafted, what harm will a little bit more do. But then you see how it's spent, illegal wars, duck houses, etc makes your blood boil

[DodgyAgent]

Whilst I am all for devolvement of power and direct accountability I am not sure how Scotland plans to get improve its economy. As far as I can see it will be run by socialists who have not got the first idea of how to create wealth

[Unix]

If the leg of the chair you're sitting on gives way don't expect some magical QE force to keep you aloft.

While I see were you are coming from, letting such a large bank fail, would have likely brought down many other banks/businesses and caused untold mayhem. Ever heard the expression "too big to fail"?

[scooterscot]

I think you're confusing capitalism with some sort of natural law

If the leg of the chair you're sitting on gives way don't expect some magical QE force to keep you aloft.

[d000hg]

And so they should have. That's capitalism.

I think you're confusing capitalism with some sort of natural law

[Batcher]

Source?

Knock yourself out

"Scotland accounted for 9.3% of UK public spending between 2008-09 and 2012-13, while generating 9.5% of tax receipts - it put in more than it got out. It suggests that tax receipts are currently 14% higher in Scotland than the rest of the UK"

http://www.scotland.gov.uk/Resource/0045/00451336.pdf

Would Scotland be economically better off if it was independent? | News | theguardian.com

[eek]

So why would you not attribute revenue to the country that generates it ?

Its supposedly very hard to attribute oil and gas revenue easily. I don't think its helped by the fact various pipelines hit land in England...

[scooterscot]

You meant "why is the UK so tulipe?".

Probably would not have used those words. What I see is government courting big business instead of serving the voter. Instead we have politicians serving themselves. It was not meant to be this way. If you look beyond that it's high train fares, high taxes, over-crowded cities, offshoring of skills, manufacturing, and our utilities. Something has to change and there's an opportunity next month for one small part of the Kingdom to do exactly that.

[TestMangler]

I think you misunderstood my point totally.

If oil and gas revenue is attributed to Scotland the tax revenue per head is above the UK average.

If we don't attribute oil and gas revenue to Scotland the tax revenue per head is below the UK average...

So why would you not attribute revenue to the country that generates it ?

[eek]

Some of it, 15% I think was mentioned last night in the debate. We also have tax on tourism, whisky, corporation tax, PAYE, NI, Fuel Tax, etc all going in.

Also, VAT all goes to the treasury but Scotland gets 0% of that back.

I think you misunderstood my point totally.

If oil and gas revenue is attributed to Scotland the tax revenue per head is above the UK average.

If we don't attribute oil and gas revenue to Scotland the tax revenue per head is below the UK average...

[Platypus]

The financial inequality in Scotland is the same as it is throughout the UK.

Ah, I think I mis-understood what you were saying. You said:

The UK is one of the richest nations on the face of the planet. So why is our country so unequal, socially and financially?

Which I took to mean "why is everything worse in Scotland than in England?". But now I think you didn't mean that at all. You meant "why is the UK so tulipe?".

[Batcher]

Isn't that dependent on oil and gas revenue?

Some of it, 15% I think was mentioned last night in the debate. We also have tax on tourism, whisky, corporation tax, PAYE, NI, Fuel Tax, etc all going in.

Also, VAT all goes to the treasury but Scotland gets 0% of that back.

[DiscoStu]

Scotland puts in more to the treasury than it gets out. We hand over our pay packet and get pocket money back. Surely you can't complain when we spend that money more wisely than Westminster?

Source?

[eek]

Scotland puts in more to the treasury than it gets out. We hand over our pay packet and get pocket money back. Surely you can't complain when we spend that money more wisely than Westminster?

Isn't that dependent on oil and gas revenue?