Showing posts with label Tax. Show all posts
Showing posts with label Tax. Show all posts
The richest countries in the world, in terms of wealth per person, are mainly countries with small populations and a moderate degree of socialism:
Singapore, Norway, Sweden, Denmark...
Scotland already has its own parliament, but it has limited powers.
Scotland, since it got its parliament has been attracting more foreign direct investment than all the other parts of the UK apart from London.
Foreign investment: Catching the Scots | The Economist
Scotland's top politician Alex Salmond says that if Scotland became independent 'next week', it would be the eighth most prosperous country in the world
for GDP and have an income £2,000 per head higher than the UK average.Scottish independence 'could lead to job creation'
The mainstream media tries to tell us that Scotland will have 'a debt problem' if it becomes independent.
An independent Scotland would of course take on a share of UK debt.
It is estimated that if Scotland took on 'a population share of UK public sector net debt', this would be equivalent to 72% of Scottish GDP.
This would be lower than the equivalent UK figure of 77%.
An alternative way to determine Scotland’s share of UK public sector debt could be to base the calculation on an estimate of Scotland's previous contributions to the UK’s public finances.
According to the economists, this would mean that Scotland’s share of UK debt would be 27.6% of Scottish GDP, lower than the population share calculation.
What about the UK's national debt? | Yes Scotland
According to Scotland's Alex Salmond:
"The one-size-fits-all economic policies of successive Westminster (London) governments have failed and are continuing to fail the people of Scotland.
"We perform well at the moment, but we should be doing so much better.
"A simple glance at many other European countries of similar size to Scotland, some without the natural advantages Scotland has, shows that we have lagged behind their growth rates for decades."
Scottish independence 'could lead to job creation'
According to Alex Salmond:
Scottish independence could lead to the creation of lots of new jobs.
According to Alex salmond, an independent Scotland would:
1. Focus on exporting more to countries such as China and Brazil.
2. Cut taxes on businesses.
3. Revive manufacturing.
There would be a revival of Scotland's engineering.
Scotland would copy Germany's Mittelstand model - promoting small firms with fewer than 250 employees.
There would be an expansion of the renewables industries, pharmaceuticals industries, financial services, food and drink, tourism and energy.
Industries would be helped through tax breaks, investment and the easing of red tape.
4. Make full use of its natural resources and huge human talent.
Conclusion
It is England that has the debt problem.
It is England that does not have vast oil wealth.
It is England that goes in for expensive foreign wars.
Vote YES for Scottish independence.
What is causing our huge welfare bills, huge debts and huge poverty?
It's all about inequality says economist Will Hutton
"Inequality has surpassed the levels of Edwardian England."
Inequality was declining until the 1970s.
It was in the 1980s that nasty people like Reagan and Thatcher began the process of increasing inequality.
How severe is the inequality?
Eighty-five people control the same amount of wealth as half the world's population.
http://www.smh.com.
http://www.smh.com.
Many of the super rich are simply people who control monopolies.
The real issue - it's all about inequality - Will Hutton - The Observer, Sunday 19 January 2014
Will Hutton writes that INEQUALITY is the cause of the following:
Poverty,
Ill health,
The growth of the welfare bill,
The escalating borrowing,
The banking crisis,
The collapse in productivity, and the stagnation in innovation and investment.
Bankers.
Will Hutton writes that so many of the high incomes are "plainly undeserved and unrelated to merit".
After World War II, the rich elite had their plan to increase inequality.
This plan involved brainwashing people into thinking that:
1. The useless bosses were wonderful
2. And that the hard-working workers were useless.
Yes, most of you were brainwashed.
Big corporations are evil.
According to Hutton the plan was to:
1. Reduce the power of the Trade Unions.
2. Reduce the taxes on the rich.
3. Allow vast monopolies.
Poverty in Greece
According to Hutton:
In Britain, now 28th out of 34 countries in the equality league table, the inequality has led to:
A. A mountain of debt
B. A weakening in the growth rate compared to the 1960s
C. Falling productivity
D. And the financial crisis.
Much more here: The real issue - it's all about inequality
What is the solution?
1. Increase the power of the Trade Unions.
2. Increase the taxes on the rich.
3. Break up the monopolies.
A well nourished Sudanese man steals maize from a starving child during a food distribution at a feeding center in Sudan in 1998. Photo by Tom Stoddart.
But that is because you have been brainwashed.
Why did Britain lose so many of its industries, at a time when South Korea was building up its industries?
The government of South Korea, unlike the government of the UK, protected its industries and poured huge sums of money into these industries.
The government of South Korea, unlike the government of the UK, protected its industries and poured huge sums of money into these industries.
