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  #61  
Old 05-11-2013, 05:06 PM
Revolution Cork Revolution Cork is offline
 
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Originally Posted by Stacky View Post
Sorry but that is my opinion of some of their economic policies.

Here is one :-

Nationalised State services ?

State bank* = Anglo / IBRC
State insurance company* = PMPA, Quinn
State fuel company = Bord na Mona
State IT company (telephone/broadband etc) = Telecom Eireann
State health system = HSE
State transport = CIE
State schools = 26th place for maths in PISA rankings....

We don't do "state run" very well in Ireland. More, not less, private sector involvement should be encouraged in our economy with proper regulation by the state where appropriate.


My main objection to them is simply based on their unrealistic populist policies knowing that were they actually in power they would actually make the same decisions as the Government is currently doing.

SF are the new FF. A land of comely maidens dancing at the crossroads, begrudgery and high taxation of those who work for a living, free turf for all.
That's fair enough Stacky, but their polices are not exactly radical are they. In terms of regulation we are not very good at it either, come to think of it most of the Western Hemisphere is not very good at it. Private enterprise I am all for, but only with proper regulation not just on paper but actual manpower with the requisite skills to carry out the enforcement. .
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  #62  
Old 05-11-2013, 05:12 PM
Revolution Cork Revolution Cork is offline
 
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Originally Posted by JDNO View Post
Here is a very brief summation of their economic policies which are clearly geared towards what they see as their electoral base of those who are the less well off in the country but would these policies not have the effect of driving capital and investment from this country I wonder and make us all poorer as a result..
The scare tactic that everyone will leave. How much has CAT risen in the past 5 years or the credits reduced? Was there a mass exodus, no.
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  #63  
Old 05-11-2013, 05:12 PM
de mange de mange is offline
 
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Originally Posted by Revolution Cork View Post
That's fair enough Stacky, but their polices are not exactly radical are they. In terms of regulation we are not very good at either, come to think of it most of the Western Hemisphere is not very good at it. Private enterprise I am all for, but only with proper regulation not just on paper but actual manpower with the requisite skills to carry out the enforcement. .
Radical is your description, I am sick shit listening to these gimps and the lefties whining on about wealth tax. Considering the services available in this country, we pay more than enough tax

48% over €100k, then add PRSI and USC to that and who would bother their holes?

And someone please explain the justification of the 1% wealth tax.. basically it is these fuckers decided that someone with money in the bank or assets has more than they need in their opinion, so they want to take 1%? Why? To give that money to whom?
There is already DIRT which was increased this year to tax any profit generated by those savings
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  #64  
Old 05-11-2013, 05:51 PM
Bin Hex 12 Bin Hex 12 is offline
 
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Originally Posted by de mange View Post
Radical is your description, I am sick shit listening to these gimps and the lefties whining on about wealth tax. Considering the services available in this country, we pay more than enough tax

48% over €100k, then add PRSI and USC to that and who would bother their holes?

And someone please explain the justification of the 1% wealth tax.. basically it is these fuckers decided that someone with money in the bank or assets has more than they need in their opinion, so they want to take 1%? Why? To give that money to whom?
There is already DIRT which was increased this year to tax any profit generated by those savings
AND, as a result of the budget, if your deposit interest exceeds €3,174 in a year this is now treated as unearned income and is liable to PRSI at 4%.
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  #65  
Old 05-11-2013, 06:01 PM
Revolution Cork Revolution Cork is offline
 
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1 per cent control 20 per cent of the wealth
2 per cent control 30 per cent of the wealth
5 per cent control 40 per cent of the wealth
Excluding housing the top 1 per cent control 34 per cent of the wealth.

We are ranked 27 out of 30 OECD countries in social transfers.

Lower the tax's on those who spend the majority of their disposable income, as their spending is what will be the spark, that will re ignite the domestic economy. Those in the top 5 per cent can well afford a minor tax adjustment taking into account their share of the wealth in Ireland.
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  #66  
Old 05-11-2013, 06:54 PM
de mange de mange is offline
 
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Originally Posted by Revolution Cork View Post
1 per cent control 20 per cent of the wealth
2 per cent control 30 per cent of the wealth
5 per cent control 40 per cent of the wealth
Excluding housing the top 1 per cent control 34 per cent of the wealth.

We are ranked 27 out of 30 OECD countries in social transfers.

Lower the tax's on those who spend the majority of their disposable income, as their spending is what will be the spark, that will re ignite the domestic economy. Those in the top 5 per cent can well afford a minor tax adjustment taking into account their share of the wealth in Ireland.
Thanks for that although I find it almost totally irrelevant because it gives a completely skewed picture of reality

A few family's have monstrous wealth, this doesn't provide any basis for averages of anything

Go get the stats for the tax take, it's far more relevant and demonstrates clearly that the middle class provide the biggest chunk by a long shot and have been hammered by successive budgets

Finally, where did you get the right to decide that certain people can afford a wealth adjustment? That's not justifying anything, it's simply you deciding that they have too much by your standards and therefore you are just going to take some

Last edited by de mange; 05-11-2013 at 07:20 PM..
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  #67  
Old 05-11-2013, 07:16 PM
strict66 strict66 is offline
 
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Quote:
Originally Posted by de mange View Post
Thanks for that although I find it almost totally irrelevant because it gives a completely skewed picture of reality

A few family's have monstrous wealth, this doesn't provide any basis for averages of anything

Go get the stats for the tax take, it's far more relevant and demonstrates clearly that the middle class provide the biggest chunk by a long shot and have been hammered by successive budgets

Finally, where did you get the right to devise that certain people can afford a wealth adjustment? That's not justifying anything, it's simply you deciding that they have too much by your standards and therefore you are just going to take some
As the saying goes , how do you tell a socialist from a capitalist - simple just stand them in front of a mansion. A socialist well tell you no one should live in a house like that and a capitalist will tell you everyone should.
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  #68  
Old 05-11-2013, 07:19 PM
de mange de mange is offline
 
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Originally Posted by strict66 View Post
As the saying goes , how do you tell a socialist from a capitalist - simple just stand them in front of a mansion. A socialist well tell you no one should live in a house like that and a capitalist will tell you everyone should.
Heh, never heard that.. So true!
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  #69  
Old 05-11-2013, 07:23 PM
JDNO JDNO is offline
 
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Income tax figures belie Irish ‘low-tax’ myth...

Self-employed and PAYE workers now pay broadly similar rates of income tax..

Quote:
We are often told that Ireland is a “low-tax” country. Tax tables published with the main budget documents provide a revealing insight into the current state of our income tax system. Some pundits complain that high earners, often self-employed, people pay too little tax.
For example, Seán Healy of Social Justice Ireland recently proposed that high earners be taxed, all in, at 45 per cent of their total income. According to the Government data published yesterday, a single self-employed person on €120,000 will be handing over 44.8 per cent of his or her income to the State both this year and next. Married couples at this income level fare slightly better: 41.2 per cent in total income taxes.
For the PAYE worker, the numbers are now similar to the self-employed sector: that’s a mark of the success the authorities have had in limiting tax breaks. At €100,000 a year, a single PAYE worker hands over 41 per cent of his income. This rises to 46 per cent as income gets to €175,000.
By any standards, including comparing ourselves to our major trading partners and competitors, these rates are high and kick in at low levels of income. At the other end of the scale, nearly 40 per cent of workers pay no tax at all.
The numbers support other studies from the OECD and ESRI that conclude that the Irish tax system is very progressive, hits high earners very hard and has relatively low (or no) taxes on average incomes.
When we add in all of the other taxes, high earners are potentially handing over 60 per cent or more of their income to the tax man. That’s an average, all-in, rate of tax, not a marginal rate. This raises a number of interesting questions. Anyone who thinks taxes should be raised needs to explain what definitions of equity and fairness they are using and why higher taxes could improve our economic circumstances.
http://www.irishtimes.com/business/e...myth-1.1562022
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  #70  
Old 05-11-2013, 07:23 PM
Revolution Cork Revolution Cork is offline
 
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Quote:
Originally Posted by de mange View Post
Thanks for that although I find it almost totally irrelevant because it gives a completely skewed picture of reality

A few family's have monstrous wealth, this doesn't provide any basis for averages of anything

Go get the stats for the tax take, it's far more relevant and demonstrates clearly that the middle class provide the biggest chunk by a long shot and have been hammered by successive budgets

Finally, where did you get the right to devise that certain people can afford a wealth adjustment? That's not justifying anything, it's simply you deciding that they have too much by your standards and therefore you are just going to take some
The top 5 per cent are the middle class now what reality would that be in exactly. The tax take that the top 5 per cent pay in comparison to the wealth in their possession is minimal. Compare the tax take of an actual middle class earner paid below €70,000 versus their actual share of the countries wealth, then you will see the real reality.

Warren Buffet is saying something similar in the States, they tried to introduce a Buffet tax but alas the Republicans shot it below the water line before it could float . I suppose you will now accuse Mr. Buffet of being a communist or something of that nature.
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