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Woops! Minister lets slip a potential €4.3 billion in savings

«13

Comments

  • Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    I'm sure savings can be made across the board in places.
    We are in a bad way, we have to dig ourselves out.

    All we can hope is for more clarity and honesty in what the government is doing, more openness with the people. Up to now its certainly lacking and thus partly why FF are going to get the kicking in the next election, they are going to get.

    If 4.3 billion means a ward or two (or more) stays open, I'm all for it.
    I want those savings to go to vital services though, not spent on more massive weekly wages for "advisor's".


  • Registered Users, Registered Users 2 Posts: 1,042 ✭✭✭Grimreaper666


    Biggins wrote: »
    I'm sure savings can be made across the board in places.
    We are in a bad way, we have to dig ourselves out.

    "

    "We" are in a bad way because of government mismanagement and "we" are going to be a hell of a lot worse off because of a disastrous decision the government has made with NAMA. Genuinely there is no option here only to leave the place, Ireland will be worse off then the poorest of the poor countries within five years. There is no hope of a recovery because of all the taxes, every business person I know are only living on their savings and that's not going to last much longer. There is no assistance from the government to stimulate business in any shape of form and the revenue will only be happy to shut down any business that may be in difficulty. I can't wait to be out of this place.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    "We" are in a bad way because of government mismanagement and "we" are going to be a hell of a lot worse off because of a disastrous decision the government has made with NAMA. Genuinely there is no option here only to leave the place, Ireland will be worse off then the poorest of the poor countries within five years. There is no hope of a recovery because of all the taxes, every business person I know are only living on their savings and that's not going to last much longer. There is no assistance from the government to stimulate business in any shape of form and the revenue will only be happy to shut down any business that may be in difficulty. I can't wait to be out of this place.

    "NAMA" was something that couldn't be avoided.... without NAMA, at this stage we would have no banking system.... and in a lot worse state than we are


  • Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    "We" are in a bad way because of government mismanagement...
    No argument there. Not all can go though and not all want to.
    I don't blame any person if they chose to leave but for those that have that option and still decide to stay, fair play to them too!


  • Registered Users, Registered Users 2 Posts: 1,042 ✭✭✭Grimreaper666


    Cmdr Keen wrote: »
    "NAMA" was something that couldn't be avoided.... without NAMA, at this stage we would have no banking system.... and in a lot worse state than we are

    All the banks are doing is taking in our money, there is no banking system and all they did was lied to Lenihan to get him to cover their asses. The banks should have been left go to hell and new banks set up. We're never going to see the end of NAMA, there's so much sh!t coming down the line it's scary!!


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  • Registered Users, Registered Users 2 Posts: 5,848 ✭✭✭bleg


    Eamon O Cuiv is one of the most useless Ministers this state has ever had.


  • Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    , Ireland will be worse off then the poorest of the poor countries within five years.


    Eh. No. It won't.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    Eh. No. It won't.

    This is true


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    All the banks are doing is taking in our money, there is no banking system and all they did was lied to Lenihan to get him to cover their asses. The banks should have been left go to hell and new banks set up. We're never going to see the end of NAMA, there's so much sh!t coming down the line it's scary!!

    May I ask your alternative to NAMA?


  • Registered Users, Registered Users 2 Posts: 1,042 ✭✭✭Grimreaper666


    Biggins wrote: »
    No argument there. Not all can go though and not all want to.
    I don't blame any person if they chose to leave but for those that have that option and still decide to stay, fair play to them too!

    I'm just really sorry for them Biggins because most people are going to have to pay so much for the profit of others who'll walk away with millions at their expense.

    The really sad thing is that most of these people never even got a taste of the so called Celtic Tiger and now they have to pay dearly for something that they never benefited from, it beggars belief really.


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  • Registered Users, Registered Users 2 Posts: 1,042 ✭✭✭Grimreaper666


    Eh. No. It won't.

    Yes it will, it is already as we can clearly see, the country's going down the tubes and quickly.

    A new banking system should have been put in place with proper rules.


  • Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    ...The really sad thing is that most of these people never even got a taste of the so called Celtic Tiger and now they have to pay dearly for something that they benefited from, it beggars belief really.
    Indeed, we are handing down to kids not even born yet, a future generation of debt that we in our lifetime will probably not see the end of.

    What a gift to our future islanders! :(


  • Closed Accounts Posts: 6,123 ✭✭✭stepbar


    "We" are in a bad way because of government mismanagement and "we" are going to be a hell of a lot worse off because of a disastrous decision the government has made with NAMA. Genuinely there is no option here only to leave the place, Ireland will be worse off then the poorest of the poor countries within five years. There is no hope of a recovery because of all the taxes, every business person I know are only living on their savings and that's not going to last much longer. There is no assistance from the government to stimulate business in any shape of form and the revenue will only be happy to shut down any business that may be in difficulty. I can't wait to be out of this place.

    Rats.... Sinking ship... Good luck to you.... <sigh>


  • Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    Cmdr Keen wrote: »
    This is true

    We won't even be worse off than the poorest countries in Europe. Things aren't great now, but in reality, they aren't actually that bad at all. There are measures that can & probably will be taken to ensure that it doesn't get much worse & then we'll move on from there.

    One of the main problems with this country is that everybody - and I mean everybody from politicians to the working man, got lazy, uncompetitive & greedy. We got used to getting paid too much for poor service & got way too used to having easy access to credit.

    Sure. Businesses are closing & people are losing jobs, but they are jobs in oversubscribed sectors in businesses that either had no cutting edge in any sense, or lost it along the way.

    These businesses & jobs will soon enough be replaced by leaner businesses supplying new goods & services, or supplying goods & services that failed businesses did, but at much more competitive prices.

    And then in 20 years time, when it all starts to boom again, we'll soon be back to this point where it all seems like doom & gloom and the world is about to end.

    It's all swings & roundabouts really, because rarely, if ever do humans learn much from the lessons of history.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    "We" are in a bad way because of government mismanagement and "we" are going to be a hell of a lot worse off because of a disastrous decision the government has made with NAMA. Genuinely there is no option here only to leave the place, Ireland will be worse off then the poorest of the poor countries within five years. There is no hope of a recovery because of all the taxes, every business person I know are only living on their savings and that's not going to last much longer. There is no assistance from the government to stimulate business in any shape of form and the revenue will only be happy to shut down any business that may be in difficulty. I can't wait to be out of this place.

    TBH, its people with this type of attitude that's going to prolong the crisis...
    I accept that a lot of people have been affected by the situation (myself included). But talking like that is not going to achieve anything! quite the opposite...


  • Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    If things are so bad, it makes you wonder how people can post from the comfort & warmth their homes & afford an internet connection.


  • Closed Accounts Posts: 8,704 ✭✭✭squod


    If things are so bad, it makes you wonder how people can post from the comfort & warmth their homes & afford an internet connection.

    Enjoy it while it lasts. Our future owners are dead down on free speaking internet message boards.


  • Registered Users, Registered Users 2 Posts: 1,184 ✭✭✭KINGVictor


    Biggins wrote: »
    I'm sure savings can be made across the board in places.
    We are in a bad way, we have to dig ourselves out.

    All we can hope is for more clarity and honesty in what the government is doing, more openness with the people. Up to now its certainly lacking and thus partly why FF are going to get the kicking in the next election, they are going to get.

    If 4.3 billion means a ward or two (or more) stays open, I'm all for it.
    I want those saving to go to vital services though, not spent on more massive weekly wages for "advisor's".

    I couldn't agree more. The government have to make cuts to balance the books, to revive the current ailing economy and also meet its obligations of the EU SGP of deficit no higher than 3%. If it means cuts in the short/medium run to achieve long term objectives, it has be done.

    The keyword there is clarity and honesty about the cuts and maybe of equal importance is the fact that the government/associated policy makers and guilty bank officials/developers that took advantage of an abysmal and unregulated economic system learn to take ownership of their decisions and actions.


  • Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    squod wrote: »
    Enjoy it while it lasts. Our future owners are dead down on free speaking internet message boards.

    The Redsocks?


  • Closed Accounts Posts: 6,123 ✭✭✭stepbar


    If things are so bad, it makes you wonder how people can post from the comfort & warmth their homes & afford an internet connection.

    Or god forbid post from the comfort of a barstool and a full pint of Carlsberg! Lol


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  • Registered Users, Registered Users 2 Posts: 8,405 ✭✭✭gizmo


    Well on a brighter note, Retail sales rose 1.3% in August compared with the same month last year as the amount of cars, clothing and footwear being sold increased. Personally I'm looking forward to the figures from around Christmas to see how bad things are for people.


  • Closed Accounts Posts: 8,704 ✭✭✭squod


    Cmdr Keen wrote: »
    May I ask your alternative to NAMA?

    A couple of years back there some private banks with some bad debts and the only national assets we had were locked up in a museum.
    Fast forward to now and there's a load of state ''owned'' banks with bad debts and a number of quangos looking after them. Our 'national assets' have grown to include gem like housing estates in Limerick and glass bottling plants in poxy Ringsend.

    Truth is there was no need to bail Anglo. Would the banking system have collapsed because it failed? Well by looking at the amount of money we have given to BOI and AIB anyway, I'd say no. Is there an alternative to NAMA. Yes, a smaller NAMA that didn't include the vast debts of Anglo. A NAMA beag if you like.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    squod wrote: »
    A couple of years back there some private banks with some bad debts and the only national assets we had were locked up in a museum.
    Fast forward to now and there's a load of state ''owned'' banks with bad debts and a number of quangos looking after them. Our 'national assets' have grown to include gem like housing estates in Limerick and glass bottling plants in poxy Ringsend.

    Truth is there was no need to bail Anglo. Would the banking system have collapsed because it failed? Well by looking at the amount of money we have given to BOI and AIB anyway, I'd say no. Is there an alternative to NAMA. Yes, a smaller NAMA that didn't include the vast debts of Anglo. A NAMA beag if you like.

    The unfortunate reply is, yes, we needed to bail Anglo out on the back of its property portfolio which represented over 30% of all property loans in Ireland... to let it go under would've been catastrophic! The term 'to big to fail' comes to mind :mad:


  • Closed Accounts Posts: 8,704 ✭✭✭squod


    Cmdr Keen wrote: »
    The unfortunate reply is, yes, we needed to bail Anglo out on the back of its property portfolio which represented over 30% of all property loans in Ireland... to let it go under would've been catastrophic! The term 'to big to fail' comes to mind :mad:

    That simply isn't the case.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    squod wrote: »
    That simply isn't the case.

    Explain...


  • Closed Accounts Posts: 8,704 ✭✭✭squod


    How do you make out we had to? Banks have failed before, what sense was there in bailing a bank with debts that equalled half our GDP.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    squod wrote: »
    How do you make out we had to? Banks have failed before, what sense was there in bailing a bank with debts that equalled half our GDP.

    Banks certainly have failed :eek: Lehmans for example, look at what that did to the world!

    What Lehmans did to the world is what Anglo Irish could do to Ireland... on an economy built almost entirely on property... it would sink the country


  • Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Cmdr Keen wrote: »
    The unfortunate reply is, yes, we needed to bail Anglo out on the back of its property portfolio which represented over 30% of all property loans in Ireland... to let it go under would've been catastrophic! The term 'to big to fail' comes to mind :mad:

    Sorry but we didn't "need" to bail out Anglo. IMO Anglo was nothing more than a "boutique" bank. FFS they didn't even provide basic banking services. Property is a fairly tangible asset... It's the intangible assets I'd be more worried about(I.e. The companies up and down the country) and their ability to trade.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    stepbar wrote: »
    Sorry but we didn't "need" to bail out Anglo. IMO Anglo was nothing more than a "boutique" bank. FFS they didn't even provide basic banking services. Property is a fairly tangible asset... It's the intangible assets I'd be more worried about(I.e. The companies up and down the country) and their qbility to trade.

    But we did need to bail them out... that is reality, deal with it


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  • Closed Accounts Posts: 879 ✭✭✭dunsandin


    In the US, upwards of 100 banks have failed and been allowed to fail. Anglo was a private entity, with private profits. Suddenly it became a Public entity with public losses. Because people are goldfish, the theory was spun that Anglo was "systemic" and could not be allowed to fail, and so the state(us) stepped in to absorb the losses-losses that belonged to private shareholders and private bondholders, with, not matter how much the spin doctors would like us to believe, no systemic value to Ireland.
    If you are a student of history, cast your mind back to the last country that did what we have done - it was Japan, at the end of its last property bubble. The Japanese have since described their Govts actions as utterly wrong. It led to a massive transfer of wealth from the public purse to private coffers and apart from the huge damage the bail-out caused (and is still causing) to the Japanese economy, it did nothing to help Japans economy, in fact it set Japan back decades. We have been led into the same economic cul-de-sac, and it is a case of foolish history being repeated.


  • Closed Accounts Posts: 8,704 ✭✭✭squod


    Cmdr Keen wrote: »
    Banks certainly have failed :eek: Lehmans for example, look at what that did to the world!

    What Lehmans did to the world is what Anglo Irish could do to Ireland... on an economy built almost entirely on property... it would sink the country

    This isn't the case at all. Anglo was a tiny bank with massive debts. Why the government got involved with them and nationwide is a complete mystery to everyone. To compare Anglo with Lehmans is, well, imaginative to say the least.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    squod wrote: »
    This isn't the case at all. Anglo was a tiny bank with massive debts. Why the government got involved with them of nationwide is a complete mystery to everyone. To compare Anglo with Lehmans is, well, imaginative to say the least.

    It is the case, they own the majority of bad debts compared to any other bank in the country... and to let it go under would be suicide to the Irish economy over decades... if Anglo was allowed to collapse, we would be in the hands of the IMF a year ago


  • Closed Accounts Posts: 9,139 ✭✭✭-Trek-


    I understand the need to make cuts but they seriously need to be cautious not to over do it either or else there will be no possibility of growth in the economy which will serve only to make matters worse than it already is, but I'm sure they will find a way to cock this up anyway, so I wont be holding my breath :rolleyes:.


  • Closed Accounts Posts: 8,704 ✭✭✭squod


    Cmdr Keen wrote: »
    But we did need to bail them out... that is reality, deal with it

    That's the kind of attitude that's gonna sink this country.
    Cmdr Keen wrote: »
    It is the case, they own the majority of bad debts compared to any other bank in the country... and to let it go under would be suicide to the Irish economy over decades... if Anglo was allowed to collapse, we would be in the hands of the IMF a year ago

    I dunno where to begin here. How are you reaching these conclusions? This was private debt. ie; nothing to do with us as a nation. Again, were already bailing out the other banks in the system.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    squod wrote: »
    That's the kind of attitude that's gonna sink this country.

    Bailing them out saved the country from drowning...

    I dunno where to begin here. How are you reaching these conclusions? This was private debt. ie; nothing to do with us as a nation. Again, were already bailing out the other banks in the system.

    Economics is not your strong point.... and this point is rediculous, "private debt" what are you talking about?? Everyones debt was private in all banks... It's everyones debt now!


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  • Closed Accounts Posts: 8,704 ✭✭✭squod


    Cmdr Keen wrote: »
    Bailing them out saved the country from drowning...




    Economics is not your strong point.... and this point is rediculous, "private debt" what are you talking about?? It's everyones debt now!

    Good night Cmdr Keen. Dealing with trolls isn't my strong point.


  • Closed Accounts Posts: 879 ✭✭✭dunsandin


    Cmdr Keen wrote: »
    It is the case, they own the majority of bad debts compared to any other bank in the country... and to let it go under would be suicide to the Irish economy over decades... if Anglo was allowed to collapse, we would be in the hands of the IMF a year ago

    A few posts back you could see the future with absolute certainty, but you can't even see the present with clarity. You state this as a fact, but it a big fat economic lie. Bondholders are the most fickle breed imaginable, and they are ten a penny. The international markets get shafted on a regular basis by both state and private entities, and yet, within a short space of time, they forget and re-invest. Anybody who likes can say this is rubbish, but it is not. The Anglo bondholders could have been left to swing, it was NONE of the states business getting involved. The state has no competence when it comes to banking, and had no business getting involved. They struggle to run FAS and the semi-states, and yet we are led to believe that suddenly they can take in hand and run a financial system. What a laugh. The Irish state is the easiest touch there is, and they have been tucked up a million times. This time they got tucked up BIG time.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    dunsandin wrote: »
    The Anglo bondholders could have been left to swing, it was NONE of the states business getting involved. The state has no competence when it comes to banking, and had no business getting involved

    Wake up call mate, they had to get involved to stop the situation reaching a point were our very own sovereignty would be at stake... this is the reality of the situation that was at hand. The alternative would've destroyed the country


  • Registered Users, Registered Users 2 Posts: 1,184 ✭✭✭KINGVictor


    "We" are in a bad way because of government mismanagement and "we" are going to be a hell of a lot worse off because of a disastrous decision the government has made with NAMA. Genuinely there is no option here only to leave the place, Ireland will be worse off then the poorest of the poor countries within five years. There is no hope of a recovery because of all the taxes, every business person I know are only living on their savings and that's not going to last much longer. There is no assistance from the government to stimulate business in any shape of form and the revenue will only be happy to shut down any business that may be in difficulty. I can't wait to be out of this place.

    The quoted above is unlikely to happen. Actually, unlike a lot of folks, I think Ireland will get out of this predicament sooner than people think.

    You sound like someone that has made his/her mind irrespective of the possibilities that Ireland can and will recover from this. Unlike you, I tend to look at this as a problem where lessons can be learnt for the future.

    Ireland as an economy has deservedly lost some of its credibility, but it is still a very good place to do business and it is still regarded highly in terms of relative competitiveness. You suggesting that it will be worse off than the poorest of countries sounds sensationalist and quite ridiculous. What I think is that in 5 years time, public spending will be adjusted to normality, public sector workers will get the pay they actually work for, there will be more concentration on improving the country's competitiveness in terms of R/D, innovation and taking advantage of the positive externalities of FDI in terms of entrepreneurship and innovation.

    While you are brooding about the state of affairs in Ireland, you might want to have a look at the effects of Irish innovation in action.

    http://www.rte.ie/news/2010/1006/innovation_av.html?2832078,null,230


  • Registered Users, Registered Users 2 Posts: 1,042 ✭✭✭Grimreaper666


    KINGVictor wrote: »
    The quoted above is unlikely to happen. Actually, unlike a lot of folks, I think Ireland will get out of this predicament sooner than people think.

    You sound like someone that has made his/her mind irrespective of the possibilities that Ireland can and will recover from this. Unlike you, I tend to look at this as a problem where lessons can be learnt for the future.

    Ireland as an economy has deservedly lost some of its credibility, but it is still a very good place to do business and it is still regarded highly in terms of relative competitiveness. You suggesting that it will be worse off than the poorest of countries sounds sensationalist and quite ridiculous. What I think is that in 5 years time, public spending will be adjusted to normality, public sector workers will get the pay they actually work for, there will be more concentration on improving the country's competitiveness in terms of R/D, innovation and taking advantage of the positive externalities of FDI in terms of entrepreneurship and innovation.

    While you are brooding about the state of affairs in Ireland, you might want to have a look at the effects of Irish innovation in action.

    http://www.rte.ie/news/2010/1006/innovation_av.html?2832078,null,230

    I for one, won't be holding my breath. RTE is only a mouthpiece for FF spin. I wouldn't believe a word they have to say ever again.


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  • Closed Accounts Posts: 879 ✭✭✭dunsandin


    Cmdr Keen wrote: »
    Where did bondholders come into it? Were we talking about bondholders... NO! True though that we are the laughing stock of the world when it comes to them...


    The whole Anglo debacle is about one thing- the bondholders - if you don't see that, you see nothing. The Irish state institutions are terrified of appearing "poor" and unable to meet their obligations. There are a lot of people like that-all hat and no cattle- who are terrified of appearing poor, while being stony broke keeping up that illusion. I appear pis5 poor, much to my kids despair, but i'm not, I have a lot of friends, who appear outwardly wealthy, who are flat broke. They are terrified of just coming out and saying they can''t afford to repay their debts. If they did, the world would not end, terms would be re-negotiated and life would go on. Our govt' is terrified of the truth, and the truth would have set them free.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    I for one, won't be holding my breath. RTE is only a mouthpiece for FF spin. I wouldn't believe a word they have to say ever again.

    RTE programmes such as Prime Time and The Frontline have been giving FF a good hiding over the past couple of years, and their news is just as good... so I don't see were your getting that from...


  • Closed Accounts Posts: 228 ✭✭LevelSpirit


    A quick sharp shock is needed instead of many more cuts every year.

    Levy of 5% - Everyone is included, no matter what their income.
    Reduce social welfare payments by 5%.
    Remove tax relief on rent.
    Remove mortgage interest relief.
    Have a Property tax.
    Water charges.
    Put road tax onto fuel instead - Enough to double the current road tax take (they know how much fuel is sold in a year).
    10c tax on a pint.
    10c tax on cigarettes.

    Half TDs salaries while we are running a deficit.

    We all suffer together.
    All sorts of people will cry foul.
    People will get over it.
    Job done.


  • Closed Accounts Posts: 879 ✭✭✭dunsandin


    Cmdr Keen wrote: »
    RTE programmes such as Prime Time and The Frontline have been giving FF a good hiding over the past couple of years, and their news is just as good... so I don't see were your getting that from...
    I work for the cream of Irish Industry, and at the moment, I am swamped with work. My criteria for accepting a contract from a client company currently is : are they about to go bust? A lot are, many aren't, its not all bad, our biggest impediment as a nation is our effed up state system.
    Take a drive around my workplace-the industrial estates of Ireland, and the amount of closed doors is scary. We have inovation in spades, but if all the rewards(money)of this innovation is poured into a useless debt, it is all worthless. If you owe 1 million, and earn a thousand a week, people would say you were earning a fortune, but you are still sunk by debt.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    A quick sharp shock is needed instead of many more cuts every year.

    Levy of 5% - Everyone is included, no matter what their income.
    Reduce social welfare payments by 5%.
    Remove tax relief on rent.
    Remove mortgage interest relief.
    Have a Property tax.
    Water charges.
    Put road tax onto fuel instead - Enough to double the current road tax take (they know how much fuel is sold in a year).
    10c tax on a pint.
    10c tax on cigarettes.

    Half TDs salaries while we are running a deficit.

    We all suffer together.
    All sorts of people will cry foul.
    People will get over it.
    Job done.

    Read your first policy, didn't read anymore :)


  • Closed Accounts Posts: 879 ✭✭✭dunsandin


    A quick sharp shock is needed instead of many more cuts every year.

    Levy of 5% - Everyone is included, no matter what their income.
    Reduce social welfare payments by 5%.
    Remove tax relief on rent.
    Remove mortgage interest relief.
    Have a Property tax.
    Water charges.
    Put road tax onto fuel instead - Enough to double the current road tax take (they know how much fuel is sold in a year).
    10c tax on a pint.
    10c tax on cigarettes.

    Half TDs salaries while we are running a deficit.

    We all suffer together.
    All sorts of people will cry foul.
    People will get over it.
    Job done.
    You have now passed your PSV test and are fully qualified to drive a taxi.:)


  • Registered Users, Registered Users 2 Posts: 1,042 ✭✭✭Grimreaper666


    A quick sharp shock is needed instead of many more cuts every year.

    Levy of 5% - Everyone is included, no matter what their income.
    Reduce social welfare payments by 5%.
    Remove tax relief on rent.
    Remove mortgage interest relief.
    Have a Property tax.
    Water charges.
    Put road tax onto fuel instead - Enough to double the current road tax take (they know how much fuel is sold in a year).
    10c tax on a pint.
    10c tax on cigarettes.

    Half TDs salaries while we are running a deficit.

    We all suffer together.
    All sorts of people will cry foul.
    People will get over it.
    Job done.
    But that's just my point, why should the ordinary worker have to suffer for the sins of others?


  • Closed Accounts Posts: 228 ✭✭LevelSpirit


    But that's just my point, why should the ordinary worker have to suffer for the sins of others?

    .....
    A quick sharp shock is needed instead of many more cuts every year.

    Levy of 5% - Everyone is included, no matter what their income.
    Reduce social welfare payments by 5%.
    Remove tax relief on rent.
    Remove mortgage interest relief.
    Have a Property tax.
    Water charges.
    Put road tax onto fuel instead - Enough to double the current road tax take (they know how much fuel is sold in a year).
    10c tax on a pint.
    10c tax on cigarettes.

    Half TDs salaries while we are running a deficit.

    We all suffer together.
    All sorts of people will cry foul.
    People will get over it.
    Job done.


  • Closed Accounts Posts: 879 ✭✭✭dunsandin


    You can feck off and suffer for anglo on your own Level, I won't be joining you willingly.


  • Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    dunsandin wrote: »
    You can feck off and suffer for anglo on your own Level, I won't be joining you willingly.

    You are suffering for Anglo though, everyone is... so your point is null


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