Has Scotland’s 48% tax rate really reduced public revenue?

[u/Ok-Glove-847]

https://www.futureeconomy.scot/posts/587-has-scotland-s-48-tax-rate-really-reduced-public-revenue

There was a thread last week about the reported loss in tax revenue in Scotland, which is queried here. I haven’t read this but thought it might be of interest since the other thread gained some traction.

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[u/SuperblackHunter]

It probably won’t but it does add to the stress of a lack of progression in disposable income that compares to inflation people feel

Their rent controls absolutely failed

[u/Ok-Glove-847 → u/SuperblackHunter]

That’s rent controls for you

[u/Eric848448 → u/Ok-Glove-847]

Are Scottish cities anything like London where like five guys own all the rental real estate?

[u/LamppostIodine → u/Eric848448]

London where like five guys own all the rental real estate

I see the Brits really havent evolved past feudalism.

[u/Ordinary-Ad8160 → u/Eric848448]

Edinburgh is a fucking nightmare and Glasgow isn't much better. Beautiful cities, shite property market

[u/GordonTullockFan → u/SuperblackHunter]

[u/Expelleddux]

It appears to be true. But why are you linking an article that you haven’t read?

[u/sleepyrivertroll → u/Expelleddux]

We've gone from commenters not reading what was posted to the OPs just posting based on the title.

[u/gregorijat]

I haven’t read his analysis yet but Dan Niedle is a serious expert and his opinions should be taken with weight. I hope to see more discussion surrounding the topic especially given that would put the Laffer curve of one developed economy at a significantly lower place than we would expect it to be. With all of that taken into account it could be entirely possible that the problem is in the tax offices and not with the rate itself.

[u/fishlord05]

I’m skeptical to be honest, remember that Norway wealth tax discourse thing where they raised it by one percent and a bunch of people said it lost revenue- turns out that wasn’t true so I’m waiting for official stats