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Scottish Independance Referendum 2

Discussion in 'Speaker's Corner' started by Kyo, Mar 13, 2017.

  1. RDM

    Capodecina

    Joined: Feb 1, 2007

    Posts: 19,895

    I dont think you quite understand economics. £200b might be Scotland’s contributions to the economy (I have no idea if it is) but you dont tax your entire economy, If you did, you wouldn’t have much of an economy for much longer.
     
  2. eddiemcgarrigle

    Mobster

    Joined: Nov 13, 2006

    Posts: 3,665

    Location: Inverkip

    Still, in economic terms you also don't leave behind £168 billion when you could use it to ensure yours citizens don't need to go to foodbanks or suffer 5 week delays in getting their benefits.
     
  3. 200sols

    Wise Guy

    Joined: Jan 14, 2018

    Posts: 1,006

    Location: Hampshire

    A crash course in economics is needed. England is not taking £200bn from you and only giving you £32bn back, but I guess the propaganda you read probably tells you otherwise.
     
  4. eddiemcgarrigle

    Mobster

    Joined: Nov 13, 2006

    Posts: 3,665

    Location: Inverkip

    Keep reading your Daily Mail matey. This was on the BBC Newsnight programme and was not corrected by the other guests or even the interviewer. Scotland's Block Grant is £32 billion, so who gets the remaining £168 billion that apparently effects GDP. Let me give you a clue, it isn't Scotland.
     
  5. 200sols

    Wise Guy

    Joined: Jan 14, 2018

    Posts: 1,006

    Location: Hampshire

    Since you still dont get it, GDP is a measure of output, it is not a sum of total money you have available to spend, that money comes from taxes.
     
  6. eddiemcgarrigle

    Mobster

    Joined: Nov 13, 2006

    Posts: 3,665

    Location: Inverkip

    You don't get it, it was said that losing that amount of money from the economy would badly effect GDP and see it slip by at least 9%. £200 billion was stated as the net worth of Scotland to the exchequer. If Scotland's net worth is £200b then perhaps you can understand the ire at Scotland only getting £32b in the block grant?
     
  7. RDM

    Capodecina

    Joined: Feb 1, 2007

    Posts: 19,895

    Only if you don't understand economics. £200b isn't going to the exchequer, £200b is what is considered to be the GDP of Scotland, this is not paid to anyone. You would need to look at the tax take in Scotland compared to the money spend in Scotland (which isn't all covered by the block grant) to see if Scotland is actually losing out.
     
  8. 200sols

    Wise Guy

    Joined: Jan 14, 2018

    Posts: 1,006

    Location: Hampshire

    Net worth to GDP, so if Scotland left the UK economy would be £200bn smaller, it does not mean if Scotland left they would have £200bn to spend on public services..
     
  9. RDM

    Capodecina

    Joined: Feb 1, 2007

    Posts: 19,895

  10. JeditOjanen

    Mobster

    Joined: Feb 7, 2011

    Posts: 3,620

    Think of it like having £2000 in a locked investment account. You can't touch that £2000, but every year you get £320 in interest. That's how GDP works; the GDP is your principal, taxes are the interest.