But experts warns Wales would face a "significant" challenge raising enough tax revenue.

That’s a bit of a surprise.

I think anyone that believes Wales will financially better off with independence is a bit delusional.

But I’m getting convinced Wales might be better off outside of the UK. So long Wales has been squeezed for the benefit of England, and ignored.

Independent Wales could do things differently and it could be great. Wales is more left leaning so they could raise taxes on the rich, stop people from England buying up houses. We could just have a huge house building programme (or much better medium density) we got the land. If everyone has a much cheaper house then it doesn’t matter if wages are lower all that really matter is disposable income. Plus money isn’t the be all and end all, our natural beauty is incredibly undervalued and experiences bring more joy than expenses.

So I couldn’t see a richer Wales but I could potentially see a happier, healthier Wales.

  • Navarian@lemm.eeM
    3·
    10 months ago

    I think anyone that believes Wales will financially better off with independence is a bit delusional.

    I would argue the opposite. With true powers of economics, taxation, spending, borrowing, investment and lending, an independent Wales would have much greater powers to deal with the economic turmoil it has been left in after decades shackled to the union.

    • Wanderer@lemm.eeOP
      2·
      10 months ago

      Hope so. If independence ever comes up I’ll vote for it. But there just isn’t that much industry or income for the country right now. It needs a lot of education and investment. But then we won’t get that with England so maybe we need to get out for better prospects.

      • Navarian@lemm.eeM
        2·
        10 months ago

        You’re absolutely right that we need to reverse what has become an extractive economy for Wales, likely through lending and investing, things won’t look up for a little while, but as you said, this won’t ever happen under the heel of England anyway.

    • lightnegative@lemmy.world
      1·
      10 months ago

      I guess theres a recent example to draw from - Brexit.

      Is the UK better off not being part of the EU? Many would argue that it’s been a colossal f*ckup with worse outcomes for almost all involved

      • Wanderer@lemm.eeOP
        2·
        10 months ago

        The real question is: is wales better off outside the UK but inside the EU. It probably is. But people are sick of immigration now so I don’t see that happening.