The Cost of Living 📈

Current Affairs
1104

Run the fourteen or so departments there and tell me how does your assessment of them now compare to your assessment of them twenty year ago.

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1105

Health wasn’t any better 20 years ago generally but despite the bad press, the likes of the National Cancer Control Programme has been a resounding success.

Ireland also managed to move from the early 2000s where a lot of our FDI was still manufacturing based to knowledge based services.

Is Environment (not incl. housing), Justice and Education really worse?

1106

I wouldn’t overly worry about electricity costs because for large portions of the winter most of us won’t even have power.

It’s going to be an incredibly bleak period for everyone.

I heard somebody in a shop say earlier it’s going to rain on Friday and it won’t stop till march.,

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1107

Tell them never.

1108

You’ll need Noah’s ark to get out of cork this winter

1109

Be grand

1110

Who said he was golfing

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1111

I fucking knew someone would tap it in eventually

1112

I’ll tell you what, in a notoriously difficult and recalcitrant Department, Helen McEntee has introduced a number of extremely progressive reforms and initiatives in a very short space of time (undocumented amnesty, complete reform of licensing laws, there’s a couple other things I can’t remember immediately; yes also the Woulfe thing). I presume they came from her because I haven’t noticed anything that was not regressive emerge from that department in my memory otherwise. I think that’s extremely impressive from McEntee.

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1113

Sounds impressive but you know me glas. I won’t be taking that at face value. I’ll do a little bit of fishing. Fair fucks though if it’s true.

1114

Savage. Mullins horses for cheltenham so.

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1115

That’s two cunts who are ‘working from home’ now and have the call forwarding turned off. They’re doing just as much work as ever though…

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1116

And you can manage when you are taxed, you could leave most of your profit in the company or buy an asset in the company to avoid having to take it out as income. Like if you wanted to buy an investment property make far more sense let the company buy it than take the money out yourself…

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1117

@Appendage will advise but if it’s an owner managed company you can’t just leave the money in the company - there’s something about close companies that make that pointless.

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1118

Would you ever take an optimistic view on anything?

1119

It’s all pointless, pal.

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1120

But.

Using companies to buy investment properties isn’t all its cracked up to be.

Passive income is taxed at 25% and then there is the surcharge so the effective rate is usually 40%.

Not to mention the double CGT hit on disposal / liquidation.

But using companies to buy investment properties is certainly a quicker way to build a portfolio.

Unless one is as diligent as Robert of Troy.

1121
1122

It’s going to be so bleak.

1123

I’ll have to buy enough candles to light up the dartboard.

2 Likes