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

Precarious employment: when those who earn least take the greatest risk

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By Cormac Lucey The foundation stone of modern financial theory is the capital asset pricing model. This argues that the greater the volatility of an investment, the higher the return that investors should seek to compensate for risk. Modern employment practices are turning this principle on its head. Today it is often those who are paid least who face the … Read More

Time to fight monopolies properly and stop public sector bringing up the Reer

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By Cormac Lucey According to Eurostat, Ireland is now the second most expensive country in Europe for consumer goods and services. Across a broad cross-section of products, prices here are 125% of the EU average, with only Denmark more expensive. When it comes to alcohol and tobacco products, we are way out in front, with prices 175% of the EU … 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

Budget 2018 – We Need Tax Relief for Working Families

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Political Debate Must Be Based on Factual Analysis At the 2011 General Election, the main political parties indicated that tax increases would represent 27-42% of budgetary austerity, with spending cuts making up the balance. Official government data indicates that tax increases constituted 42% of budgetary adjustment over that period. Correcting for misclassification (of tax/revenue increases incorrectly classified as spending reductions) … Read More