Sinn Féin pre-budget submission.

dlofnep

Sinn Féin's pre-budget submission is available here: http://www.sinnfein.ie/files/Pre-Budget2010_web.pdf

Say what you will about Sinn Féin, but they are offering alternatives and are consistent with releasing budget submissions. Sinn Féin have suggested capping TD's salaries at €70,000 and public servants/semi-state body servants to €100,000.

The full paper is worth a read.

Scarab80

dlofnep wrote: »

Sinn Féin's pre-budget submission is available here: http://www.sinnfein.ie/files/Pre-Budget2010_web.pdf

Say what you will about Sinn Féin, but they are offering alternatives and are consistent with releasing budget submissions. Sinn Féin have suggested capping TD's salaries at €70,000 and public servants/semi-state body servants to €100,000.

The full paper is worth a read.

Thank god they are irrelevant.

Say goodbye to the 4% of earners who pay 50% of our income tax.

Revenue Raising per Sinn Fein - 5.5bn
Actual Revenue Raising if introduced - minus 10bn

PomBear

Scarab80 wrote: »

Say goodbye to the 4% of earners who pay 50% of our income tax.

source?

Scarab80

PomBear wrote: »

source?

http://www.esri.ie/UserFiles/publications/jacb201057/jacb201057.pdf

Bottom of page 71

http://www.budget.gov.ie/Budgets/2010/Documents/FINAL%20Speech.pdf

Page A.8

dlofnep

The same 4% made up of wealthy businessmen who have a cosy 12.5% corp tax rate? My heart bleeds. Cuts will be made and if you believe that the entire burden can be placed on the working & middle class, then you're sorely mistaken.

Bottle_of_Smoke

dlofnep wrote: »

The same 4% made up of wealthy businessmen who have a cosy 12.5% corp tax rate? My heart bleeds. Cuts will be made and if you believe that the entire burden can be placed on the working & middle class, then you're sorely mistaken.

I'm fairly sure he means they will take their tax contributions elsewhere. Anyway not a huge SF supporter but I will read this with an open mind and post again

Bottle_of_Smoke

Sinn Fein wrote:

Standardise all discretionary tax reliefs – Raises €1.1 billion

Bit vague. What does this actually mean?

»» Introduce an income-linked wealth tax of 1% on all assets,
including property, in excess of €1 million, excluding working
farmland, regardless of residency – Raises €1 bill

This actually seems fair. I'd previously thought their wealth tax applied to all assets but if only those above 1million don't see the problem. Should it be net assets though? a 1.5million house with a 2.5 million mortgage for example.

sligopark

dlofnep wrote: »

Say what you will about Sinn Féin

ok I ll take you up on that...

sligopark wrote: »

after their surrender following the dragging of the six counties into a 30 year war, convincing thousands into their deaths, killing others and being jailed before those in comfort (and according to Dark Hughes in alliance with british security forces) announced surrender ...

at least Brian and Bertie, and then Brian have been caught up stupidly in the Gombeen show - the same Gerry and Martin Surrender Monkey Show wouldn't have the IQ or nonce to try and pull us out of the hole - they would decry 'DIG DEEPER - AUSTRALIA AWAITS US! FEEL THE SUN!!'

Post War Sinn Fein are comparable to a condom post orgasm - nice thought but to be pulled off and thrown away...

dlofnep

sligopark wrote: »

ok I ll take you up on that...



Post War Sinn Fein are comparable to a condom post orgasm - nice thought but to be pulled off and thrown away...

That's great and everything, but the topic of discussion is the 2010 budget.

sligopark

dlofnep wrote: »

That's great and everything, but the topic of discussion is the 2010 budget.

Agreed - best left to real politicans and economists - if shinners down south want to get a real party together best leave the northern surrender monkeys behind and begin some new politics letting people know their marxist communist anti christian policy truth rather than hiding behind a people movement in the north who fought for civil rights, hijacked by and then betrayed by a group of surrender monkeys

perhaps then people might actually view the document

I am from the North and grow up in the troubles and have nothing but contempt for post ceasefire heroes hiding behind the hijacking of the civil rights movement and then have the gall to present their marxist / communist / anti christian / anti life / anti irish policies in the guise of a progressive budget when the truth is not a one of those proposing them have a degree or qualification of any real life subject nor real life experience beyond navel scratching

Give us a real budget rather than a gerry adams who bumbled his way through any interviews he has had on the subject and an arthur morgan who couldn't string together a coherent sentence on the subject leaving a briefing on the figures - what a joke - at least noonan had the manners to look shocked - morgan looked for the world as if he still hadn't a clue but knew his lines ...

Denerick

Economically impractical, oblivious to how the real economy works, and obtuse in its failure to recognise that stringent tax increases will only result in further deflation and hardship.

Scarab80

dlofnep wrote: »

The same 4% made up of wealthy businessmen who have a cosy 12.5% corp tax rate? My heart bleeds. Cuts will be made and if you believe that the entire burden can be placed on the working & middle class, then you're sorely mistaken.

A businessman can't have a 12.5% corporation tax rate, only a company can. The company is a separate legal entity to the person who owns it, once the wealthy businessman withdraws funds from his company he is taxable at the marginal income tax rate contributing up to 50% of all income tax in the country.

The entire burden won't be placed on the working and middle class and hasn't been to date, however Sinn Fein want to place the entire burden on people who have been successful and not place any cuts on lower earners (in fact they want to give tax refunds to people who don't pay tax!)

Higher earners are not the type of people who go out protesting in the streets, if Sinn Fein were able to introduce these policies they would simply up sticks and leave, taking with them their tax payments and the jobs they generate here.

Ever wonder why Belgium and Luxembourg are always at the top of EU wealth lists? They have Frances wealth tax to thank for that.

http://www.washingtonpost.com/wp-dyn/content/article/2006/07/15/AR2006071501010_2.html

Hell look at Ireland, we provide a low corporate tax rate and companies flock here away from higher tax countries providing jobs and investment for the country.

Where do you think new jobs are going to come from? From people who have money to invest starting or expaning businesses. A rising sea raises all boats.

Einhard

dlofnep wrote: »

Sinn Féin's pre-budget submission is available here: http://www.sinnfein.ie/files/Pre-Budget2010_web.pdf

Say what you will about Sinn Féin, but they are offering alternatives and are consistent with releasing budget submissions. Sinn Féin have suggested capping TD's salaries at €70,000 and public servants/semi-state body servants to €100,000.

The full paper is worth a read.

I'll read it with an open mind tomorrow (well, later on today at this time), but just from what you've stated in your post, it seems more of a stunt than an attempt at really addressing our financial problems. We spend €20 billion a year more than we earn; cutting salaries to €100k would barely make a dent on that. I've no argument with such cuts in general, but they're not going to have any impact on our current situation.

dlofnep, you don't have to answer this question, and I'd ask it of anyone who supports a particular party rather than specific policies, but can you divorce your support for SF from your analysis of their proposals? In other words, are you enthusiastic about the policies in their own right, or because they are promulgated by a party that you support?

Anyway, I'll have a look through the submission tomorrow.

murphaph

I support their calls for salary caps. The rest of it is nonsense though.

I would reject their proposals because they stem from their marxist ideology. I believe we need fiscal conservatism (but NOT social conservatism!) like Germany has had for quite a few decades now. Even when Germany has a socialist party at the helm, they don't go on spending sprees.

People need to re-learn the old adage that money doesn't grow on trees.