The Celtic Phoenix - A thread to list the economic miracles of Michael Noonan & Fine Gael

Having a housing and cost of living crises so bad that we have a chronic shortage of workers is evidence of FGs fiscally prudent running of the economy, donā€™t you know.

No houses anyway which is why they are hopping on planes.

Full employment lads. Does anywhere else in the world have it ? Wow.

In a few years when weā€™re making ersatz coffee from acorns under SFIRA weā€™ll look back at these halcyon days.

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Thereā€™s several countries in the EU and America itself have a lower unemployment rate

Was it @Thomas_Brady who was planning to move to the utopia that is Spain

Scarcity is the truth, there are able people out there unwilling to work though.

Does the article explain why the bars in Spanish towns are full at midday and a lot of the locals are scorching around in new cars? Or are these folk captured in the unemployed figures :thinking:

https://twitter.com/ciarannugent/status/1744346066093269435?t=iT0l9stcuBT36zI2OUzMdQ&s=19

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Spain :joy::joy:

That is a fiercely damning statistic.

The top 7.7 per cent of earners in Ireland accounted for more than 54 per cent of the income tax paid to the State in 2021, according to a new report.

In its spring economic commentary, the Parliamentary Budget Office (PBO) said policymakers here should be aware of ā€œthe significant concentration riskā€ present in the public finances.

It highlighted that the top 7.7 per cent of tax units (those earning more than ā‚¬100,000) accounted for 54.1 per cent of income tax and universal social charge (USC) payments in 2021.

The report also noted multinational employees, who constitute 35 per cent of corporate employment, contributed to 55 per cent of employment-related income tax and USC receipts in 2022.

We need a wealth tax

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I thought ye already had one, Limerick Hurling?

We do. We need to cut tax on labour and tax the pensioners sitting in 2m quid piles.

A wealth tax makes sense. The property tax is too low.

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The Irish ā€˜leftā€™ want to abolish the property tax :man_shrugging:

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The Irish left want to drive the multinationals who pay 55 per cent of our income tax out as ā€œthey pay no taxā€

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Its hilarious that they take that stance. Putting the moron into oxymoron

Youā€™ll be a pensioner sitting on a 2 million pile yourself sooner than you think.

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With any luck.

While accepting they sacrificed a lot in their youth and werenā€™t drinking 5 quid coffees the boomer generation have done very well in retirement with defined benefit pension schemes and the increase in property values. A wealth tax would spread the burden.

Itā€™s an interesting time in Ireland as we are seeing for the first time the mass transfer of wealth on death from parents to kids via family homes that are now very valuable.

The problem is life expectancy has gone up so folk arenā€™t inheriting til they are old themselves. The modern equivalent of the bachelor farmer waiting too long for the parents to die so heā€™d inherit the farm.

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