Clariman wrote:It disappoints me that many fellow Fools seem to be motivated only by their own personal income. What a sad world they must live in. So you wouldn't live in Scotland because you'd lose a few hundred quid a year?
For me it's more than just the extra tax. It's about making an ideological choice. I prefer to live somewhere that is pro-business rather than pro-welfare. I'm willing to accept fewer handouts and subsidies in return for a more dynamic economy. In the case of Scotland the issue is confused because it's not a separate nation with a separate tax system and stock market, so you don't see the distinction so clearly. But why would it surprise or disappoint you that a constituency bound together by a desire for investment success would be cynical about a country where the size of the government is high relative to GDP?
Clariman wrote:Scotland has free student tuition, free prescriptions, free eye tests, free personal care for the elderly to help them live independently, cheaper housing and great scenery. It remains, broadly speaking, a country where people are happy to support the well-being of others.
I think it is a good thing that a country exists that offers that level of services and support. I also think it is a good thing that a place like the United States exists that does not, but allows people to keep more of what they earn and so can self-help. And all things in between. The important thing is that we have a choice of systems so we can decide which system best suits is. The worst situation would be everywhere is exactly the same because of a belief that there is only one way to run things.
Clariman wrote:Life isn't all about money. If it was, Stooz and I wouldn't be running this site for free.
And it is appreciated. In fact I believe that one way our welfare bill and taxes could be reduced is by more volunteerism, more emphasis on churches, charities and non-profits, and through the generosity of benefactors. It is perhaps significant that in the US, where the rich get to keep more of their earnings and wealth, there is a vibrant tradition of volunteerism, foundations and charitable giving. You can pay low taxes and still have a heart. In fact, tax me less and I will give more, knowing that I can direct that help to causes that are more meaningful to me.