€1,000 home tax 'needed' - insert whitty phrase here

cul-2008

I came across this hillarious piece in todays Irish Independent...

"A €1,000 property tax on every home in the country is needed to turn the economy around, the country's top bankers said last night".

Countrys top bankers!?!?!? Those pathetic people contributed greatly to the position we are in today...and we are STILL listening to them? :mad:

Oh ONLY in Ireland... :rolleyes:

goldenhoarde

Why is it that when times were good the people in power (builders government and bankers) didn't see the need to prepare for the future after all the worlds economy is cyclic - up one minute down the next and now they have all the "great" ideas!!!

Maybe if there had been taxes on second homes etc would we have been in a panic to buy spurred on by the government!!!


€1,000 home tax 'needed' -to help top up our bonus fund!


my two pence worth - feel free to agree/disagreee!

Mizu_Ger

If this comes in, I can see this happening over here: Sarkozy under pressure as strikes sweep France

Where do they think we'll get all this money from? A bank loan????

deisebabe

heres the link.
http://www.independent.ie/national-news/euro1000-home-tax-needed-along-with-paye-hikes-1620333.html
mentions that 48% tax band change as well....what with income levys, higher tax rates and pay cuts in force..does anyone think that we'll end up coming out with nothing in our paychecks?
And the second home tax is a ridiculous idea. Anyone that bought a second home has already paid a fortune to the government...and are still paying tax on those houses as is.
Since these "TOP" bankers are being paid vast amounts you'd think they could come up with something better than what any average joe on the street could think of.

bill_ashmount

Mizu_Ger wrote: »

If this comes in, I can see this happening over here: Sarkozy under pressure as strikes sweep France

The French seem to spend more time striking than they do working

cooperla

€1000 home tax 'needed' - cus the government pissed away the stamp duty.

€1000 home tax 'needed' - but we'll be back for more later

It's a joke. If businesses are suffering because people aren't spending money that the answer from the government is to take more money off us so we have even less money to spend. Oh, and then there's paycuts in many areas (my pay has gone down over 15% in the last two years).

Can anyone say downward spiral?

blast05

Maybe if there had been taxes on second homes etc would we have been in a panic to buy spurred on by the government!!!

I have a 3 houses (thankfully have them long enough to not yet be in negative equity) .... saved and scrimped to buy/build them to secure my long term future. Have contributed vast amounts of tax on them. They are both in Ireland so have contributed to providing employment (directly in one case, indirectly in the other) .... and now i will be penalised to the tune of €1000 per year for trying to be financially responsible.

How better off i would have been had i bought 2 houses anywhere else on the planet other than Ireland .... and of course would not have contributed to the exchequer, would not have helped create employment, etc.

If a property tax comes in, then fair enough on the principal primary residence but on second homes etc is just damn unfair.

HashSlinging

I predict a riot.

funky.monkey

Yeah, a Property tax is totally unfair, as it takes no account of peoples ability to pay. for example you can have a house with 2 people working earning over 100,000 a year, and in the same street a low wage one income family, and they end up having to pay the same property tax. If you lose your job - as a heck of a lot of people are going to do in the next couple of years - you will still have to pay a property tax. What about elderly people living on their own - they will be forced to sell and move to places where the property tax is lower. God help anyone who bought "affordable" housing in a good area, cos they are going to be hit hard if its done on value rather than on cost.

Lplated

blast05 wrote: »

How better off i would have been had i bought 2 houses anywhere else on the planet other than Ireland .... and of course would not have contributed to the exchequer, would not have helped create employment, etc.

If a property tax comes in, then fair enough on the principal primary residence but on second homes etc is just damn unfair.

Well you wouldn't be better off in the sense of property taxes, many foreign countries impose property taxes.

Congrats on your foresight and on providing a future for yourself, three houses is quite impressive.

The point i missed in your post is exactly why you should be exempt from the recession - there's a 20 billion hole in our finances, so we either cut that much (about one third) off public spending (which just won't happen), or we have a mixed bag of some cuts and some extra taxes.

I don't like the idea of a property tax either, i'd prefer it if the govt stopped letting the public service unions run the country and took an axe to that edifice, but as too many years of succumbing has made that a non-runner, we all, people who own three plus properties included, will pay the price.

You're not Padraig Flynn, are you?