Chasing the grey vote will put us into the red

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By Eamon Delaney The recent granny grant proposed from Shane Ross TD and his fellow Independents, has to be one of the craziest budget ideas of recent years. But this week the Independent TDs ran it close with another hare-brained notion, which was that the elderly should be exempt from paying property tax. Yes, just like that. Why do people … Read More

Ireland has a huge welfare dependency- and the squeezed middle has to pay for it

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By Eamon Delaney This week we saw a damning assessment by the Government itself on our massive welfare dependency in Ireland. According to the Department of Finance paper, we’ve become a welfare nation ‘overly dependent’ on state payments compared to other countries: almost every person in Ireland benefits, directly or indirectly, from some form of social welfare payment which amounts … Read More

We need to be realistic about our housing crisis, and its different causes

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By Eamon Delaney The Government’s director for homelessness in Dublin, Eileen Gleeson, (above) has created major waves with her straight-talking comments on our ongoing housing crisis. Coming on top of the continuing insistence of the Government that Ireland’s housing crisis is ‘not much worse’ than that of many other countries, it suggests that the Taoiseach’s much-vaunted spin machine may need … Read More

A budget based on artificially high taxes and interest rates – again

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Comment on the Budget from Brendan Burgess, founder of Askaboutmoney.com During the Celtic Tiger years, we based our budgets on artificially inflated property and other tax receipts. We are making the same mistake now – basing our budgets on artificially high taxes and artificially low interest rates. The difference now is that we have €200 billion of borrowing which we … Read More

Let’s look at the number of people who “don’t want work”

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By Cormac Lucey The Central Bank of Ireland may be best known for its management of monetary policy, yet it is also a significant centre of Irish economic research and — beneath the arcane academic language and uninteresting titles — these papers can contain some very interesting information and analysis. Consider a recent paper titled A Non-Employment Index for Ireland, … Read More

Send for Michael O’Leary — our economy still measured on a wing and a prayer

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By Cormac Lucey What is Ryanair’s annual output or revenue? You can find the answers very quickly by looking at the company’s annual report. For most companies, total annual output is a simple matter to determine. Measuring Ireland’s annual output is a more complicated question. This is because the presence of so much multinationals generates activities that occur here but … Read More