Originally Posted by Chris

Alex Salmond wants to take oil revenue and create a sovereign wealth fund. Unfortunately, the state services that are currently paid for out of UK taxes are currently paid for, in part, out of that oil revenue. If Salmond takes oil revenue out of current spending, then in order to maintain spending on schools, hospitals and spare bedrooms for people claiming housing benefit, then he will have to find the money from somewhere else. He will find that money in the only other place it exists - your pocket. Independent Scotland, higher personal taxes. Your choice.