Quote:
Originally Posted by keith_d
I think you're comparing apples with cucumbers when you use Norway as an example. In the UK, our taxes are about 38% of GDP, in Norway the government takes 55% of GDP.
[Source: https://data.oecd.org/gga/general-go...ndicator-chart ]
So, if we had all paid about 45% more tax over the last five decades we could have a top class health system like Norway. But instead we voted for lower taxes and more spending and as a result we've got a huge deficit.
You may have noticed that my posts contain references for where I'm getting my numbers from. Any chance you could share some of yours??
Keith. |
Norwegian taxation regime is very different to ours, yes Norwegians do pay higher taxes, but the bulk of their revenue comes from taxation on oil and gas which is then invested in a sovereign wealth fund.
The reason Norway is bajillions in the black isn't because individual Norwegians pay high income tax, its because they have competent government.
https://resourcegovernance.org/blog/...th-oil-revenue
So comparing Norwegian hydrocarbons with UK hydrocarbons, almost the same quantity produced of each, but Norway has generated three times as much tax revenue from theirs.
Regarding another point I've previously made, whether Scotland subsidises England or other way round, even the BBC knows the truth, per head GDP England £23226 and Scotland £26424
https://www.bbc.co.uk/news/uk-scotla...itics-26326117