The Scottish Independence vote – a ‘yes’ could bring Government closer to the people

27th August 2014 by Jonathan Davis

The vote in September is unlikely to be Yes for Independence – though the polls are closer now than a few months ago and there is a large undecided bloc.  However, I’ll be surprised if Scotland votes Yes especially as the Establishment is out in force telling the people to vote No.

Why would that be, I wonder?  See below.

Until a few weeks ago my standard answer to ‘what would you vote for’ was:

Well, as an economist and wealth manager AND as a Scot I can forcefully say…I don’t care what they do! :)

As far as I could tell there are pros and cons on both sides and there is no black and white.  So, do or not – it’ll be fine whatever.

However, I changed my mind a few weeks ago. It occurred to me this is a fantastic opportunity to bring a Government closer to the governed.

As everyone should know:

The closer a Government is to the governed, the easier it is for the governed to control the Government.  Hence why cantons in Switzerland work and Switzerland does fantastically well.  As well as German Ländes and Germany.  Then you have Hong Kong and Singapore.

The further the Government is from the governed… well you get it.  Look at Westminster and Scotland.  Brussels and all over EU.  Washington DC and USA.  Beijing and China etc.

So, Scotland would be stupid not to vote for Independence.  Thus, as everywhere, they will do the stupid thing and vote No.

It is immaterial that SNP is Socialist, because in my view so are all the others!

What is 100% material is that the more Socialist a country becomes, if the governed have any power capitalism can be brought back.

If only…

Of course, all of this is likely to be nonsense because if Scotland did get Independence from Westminster it would then become subordinated to Brussels and the Edinburgh political mafia would get high six figure tax free salaries over there. :(

So why is the Establishment telling the people to stay in the Union?  Simple.

It needs as many as possible to bail out its banks and pay taxes to the Government and make the rich richer.  Obviously.

So I go back to what I said at outset – I don’t care what they do.  They’re toast anyway.  Politicians! MEH!

#bringbackcapitalism

#banbankbailouts

#letmktsetrates

#banQE

 

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7 thoughts on “The Scottish Independence vote – a ‘yes’ could bring Government closer to the people”

  1. therrawbuzzin says:

    You miss one point:
    the people of Scotland haven’t VOTED for EU membership, it’s just there if we want it.

    1. Anonymous says:

      I don’t think I missed that. They’ll go into EU and Euro, if allowed.

      1. therrawbuzzin says:

        The position of the EU is that Scotland is a special case, and as such:

        http://www.bbc.co.uk/news/uk-scotland-scotland-politics-25965703

        He added that Scotland would not need to opt-out of the euro or the Schengen
        passport-free travel area because it could not be compelled to join them.

        http://www.scottishconstitutionalfutures.org/OpinionandAnalysis/ViewBlogPost/tabid/1767/articleType/ArticleView/articleId/852/David-Edward-Scotland-and-the-European-Union.aspx

        Even if we had to go the long way round, we’d remain de facto members whilst our membership was negotiated:

        http://news.stv.tv/scotland-decides/news/289096-scotlands-european-union-membership-not-in-doubt-claims-esrc/

        EU membership is only the position of the SNP; it is likely to be, but not yet shown to be, the will of the people of Scotland, but it is, like I said, there for us if we want it.

        We will go into the Euro if, and only if, we see fit.

        1. Anonymous says:

          You will. But Independence of Westminster unlikely. On verra. Popcorn time…

  2. David Lilley says:

    The big issue is that if you cease to be an economic partner you become an economic enemy.

    An independent Scottland wouldn’t default on its share of the UK National Debt despite all the threats to do so. It wouldn’t introduce itself to the world as a debt defaulter.

    It would loose two large subsidies by choice. It would loose the Scottish settlement that Wales can only dream of and it would loose the public sector pensions subsidy. One in four Scottish workers works in the public sector v one in five for the UK. Their unfunded public sector pensions liability may dwarf their proportion of the UK National Debt.

    If they sought to attract inward investment by reducing corporation tax they would have competition from England and its remaining partners.

    1. therrawbuzzin says:

      An independent Scottland wouldn’t default on its share of the UK National Debt despite all the threats to do so. It wouldn’t introduce itself to the world as a debt defaulter.

      ________________________________

      The day of the speech in Edinburgh, where Gideot said “Walk away from the UK, walk away from the pound.” he also claimed title to ALL UK debt, in ALL circumstances.

      Scotland CANNOT default on someone else’s debt.

      ———————————————————————————-

      It would loose two large subsidies by choice. It would loose the Scottish settlement that Wales can only dream of and it would loose the public sector pensions subsidy. One in four Scottish workers works in the public sector v one in five for the UK. Their unfunded public sector pensions liability may dwarf their proportion of the UK National Debt.

      ________________________________________________

      Scotland pays more INTO the UK in taxes than it gets back, FAR MORE.

      The public sector pensions issue has already been agreed.

      ————————————————————————————–

      If they sought to attract inward investment by reducing corporation tax they would have competition from England and its remaining partners.

      ______________________________
      Marginal, in terms of inward investment.
      Firms want a well educated, highly skilled populace from which to recruit.

  3. David Lilley says:

    We now have the forth issue of the WGA (whole of government accounts). A modern day Doomsday Book written by independent accountants and illuminating the profit and loss and assets and liabilities of 38,000 public bodies.
    With the WGA we can account for the quantum of PFI, EU membership (£8.9b net pa) and public sector pensions liability to the $ at discounted net present cost.
    We can therefore easily compute the net Scottish subsidy to the $. Why don’t we ask the WGA to do this?

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