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Joe Higgins Appreciation Thread

13

Comments

  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Only in Ireland would the one guy warning about what was going to happen and offering solutions be slagged off afterwards when he was proved right:confused:


  • Technology & Internet Moderators Posts: 28,853 Mod ✭✭✭✭oscarBravo


    washman3 wrote: »
    scathing remarks from an obviuos bertie-lover.
    I'm not sure to whom that is addressed, but if you believe that to be a critic of Joe Higgins is automatically to be a fan of Bertie Ahern then you are suffering from a fairly severe dose of black-and-white syndrome.
    washman3 wrote: »
    ...joe has more to offer in the dail than the previous nodding dog with the cap from south kerry or the proven tax evader from north tipp who were both courted by bertie and his cronies for years,to the now enermous cost to the irish taxpayer.
    I believe that's called "damning with faint praise".


  • Closed Accounts Posts: 788 ✭✭✭SupaNova


    The money made in the boom wasn't set on fire. A serious chunk of it can be recovered from senior bondholders whom we continue to protect.

    Actually the money made during the bubble was essentially set on fire. Look at all the ghost estates that are worth sweet feck all, all the mortgages taken out to buy greatly overpriced housing that then plummeted. The money lost and wasted in the housing bubble cannot be recovered, it has simply been destroyed.

    As for the bondholders they should just have been burned and taken their losses like everyone else, but due to the government decision to take their losses off their books at the expense of taxpayers that isn't the case.


  • Registered Users, Registered Users 2 Posts: 1,949 ✭✭✭The Waltzing Consumer


    washman3 wrote: »
    scathing remarks from an obviuos bertie-lover. joe was lampooned by FF cos he was the biggest single threat to their profiteering during the "boom" he had to be got rid of at all costs. the fact that varadker got his seat is irrevelant,as long as higgins was out FF couldnt care less if Dustin the turkey took his place,and as for Varadkers displays so far,Dustin might just do as well. Joe always said during the Euro election that he would contest a general election and appointed 3 people that would take his place,all voters done that,in fact the young man he has appointed has made more of an impression so far in Brussels than most of our consolation-prize gombeens have in years. for the record im not a Socialist party mmember or supporter but appreciate honesty and straight talking when i see it:P

    Eh, no, he was not the biggest threat to FF. You know what is the biggest threat to FF is or was? A party that would get into power, so FG and LAB were much bigger threats. You are certainly away with the fairies if you believe a government considers a td who will never get into power, their biggest threat. Bit laughable. :D

    Wow, slagging Varadkar and saying Dustin the Turkey is better. Well, guess what, Varadkar is in Government. Varadkar is in a party that has CREATED jobs. Higgins is in a party that has never created one single job. I doubt you are from my area, unemployment is quite high and more people here value job creation then getting a few laughs in the Dail.

    The young man who took Joes European seat has made an impression in Europe then? He made such an impression, you fail to mention his name and I have not a clue who he is. Great impression :rolleyes:

    Laugh at the idea you ain't a SP member or supporter. Then again, most of his support tends to come from people in areas not his own, blow-ins in other words.


  • Registered Users, Registered Users 2 Posts: 1,949 ✭✭✭The Waltzing Consumer


    20Cent wrote: »
    Only in Ireland would the one guy warning about what was going to happen and offering solutions be slagged off afterwards when he was proved right:confused:

    Lol, yeah it is a pity every TD does not do what Joe does.

    Banks bad, Government bad. Reduce taxes, no job cuts, free money to everyone, boo bad rich man, poor people good, money grows on trees.

    I mean, how could it possibly fail?


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  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    I was not aware the expenses to the Dail since the election were out yet since the ULA did not exist before this election or were represented in the previous dail. Got a link to back up this claim?.

    When the next batch of expenses figures are published you will see for yourself. Looking at past figures FF and coalition independents generally claim expenses much high than the rest of the Dail. On a list of 220 published expenses by TDs for 2005 to 2008, Joe was 164th in terms of the size of his claim.

    http://thestory.ie/2010/06/02/td-expenses-2005-to-2008/

    There are countless cases of over-claiming from members of FG/FF/LB and the independents that supported the last few governements. However FG/LB seem to have tightened up on expenses in the lead up to the last election.

    http://thestory.ie/2011/02/17/over-100-politicians-overclaim-expenses/
    Yes I have seen the emigration figures. They are quite normal and no different to during boom times. In fact, journalists have pointed out that certain groups are grossly inflating and lying about these figures for their own purpose and fear-mongering. Is that what you are doing? It is 100% wrong to try use emigration figures, the facts are not with you at all. Move on.

    "Journalists have pointed out". Yes we can always rely on the right wing media in RTE and the Independent to water down problems for the government.

    Between 2004 and 2008 emigration almost doubled from over 20K to over 40K people a year.

    http://www.migrationinformation.org/Feature/display.cfm?ID=740

    Last year it was over 65K. How about you try reading a slightly more reputable newspaper for a change? We now have the highest Emigration in the EU and twice the emigration of the second country, Lithuannia. If you don't think that's a problem then you're just another blind capitalist with his head int he clouds slowly leading the rest of us off the cliff.

    http://www.irishtimes.com/newspaper/weekend/2011/0108/1224287020723.html
    The burden is also not at all on societies poorest, the most tax comes from top earners, with the most actually given proportionately coming from the middle classes so stop with the soundbites, again, nothing in FACT is backing your point up. Move on.

    This is just neo-liberal spin. In the last budget the most vulnerable in society were hit the hardest, while the wealthy elites were left largely untouched. Brian Cowen started his term as leader with 13 times the minimum wage. He finished it with 14 times the minimum wage and what's his and Harney's pension now? In some cases high earners on over 250K were actually better off after the budget.

    Lower paid workers with houses in negative equity, students, people with disabilities and the unemployed were asked to pay a much higher % of their income than the wealthy in the last budget. The people that caused the crisis were let off the hook and some property developers, as I mentioned earlier, were given 250K a year to "live-on".

    http://www.socialistparty.net/comment/558-super-rich-gain-poorest-pay
    Actually lots do, pretty much all of them. We have not done anything different to other countries and if you read any actual research you will find we are no different. Try a different source to indymedia, it is as biased as fox news and actually makes Fox news look credible. Move on.

    I don't read indymedia. I don't particularly like the site but I believe it has been a useful tool in exposing right wing politicians.

    In terms of the austerity measure I'm all too aware that we have done little different from the rest of the world. This is just Capitalism 101. Attacking the lower paid is always the excuse used as part of the shock doctrine of the right.

    http://www.naomiklein.org/shock-doctrine

    However, by not burning the bond holders we have done something very different from countries that recovered from similar crises in the past. Finland, Iceland and Kazakhstan are three that I know of. I'm sure there are plenty of others. We are also well overdue some referrendums on matters of severe national importance but we're not going to get that. A democracy we most certainly are not.


  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    SupaNova wrote: »
    Actually the money made during the bubble was essentially set on fire. Look at all the ghost estates that are worth sweet feck all, all the mortgages taken out to buy greatly overpriced housing that then plummeted. The money lost and wasted in the housing bubble cannot be recovered, it has simply been destroyed.

    Err no it hasn't been destroyed. The government guaranteed the banking debts remember. Someone took a loan to pay to build those houses. Someone invested in the bank to pay that loan, and those investors haven't taken a hit. Despite what the government might want you to believe money does not mysteriously disappear into thin air overnight, it just moves from one place to another. In our case much of it back in the direction of the ECB and foreign investors.


  • Technology & Internet Moderators Posts: 28,853 Mod ✭✭✭✭oscarBravo


    KarmaBaby wrote: »
    Despite what the government might want you to believe money does not mysteriously disappear into thin air overnight, it just moves from one place to another.
    I'm assuming you're aware that money is created out of thin air - otherwise there would be the same amount of money in existence as there was a hundred years ago, which is patently untrue.

    Given that money can be created out of thin air, why do you subscribe to the view that it's impossible for it to disappear back into it?


  • Registered Users, Registered Users 2 Posts: 1,949 ✭✭✭The Waltzing Consumer


    KarmaBaby wrote: »
    When the next batch of expenses figures are published you will see for yourself. Looking at past figures FF and coalition independents generally claim expenses much high than the rest of the Dail. On a list of 220 published expenses by TDs for 2005 to 2008, Joe was 164th in terms of the size of his claim.

    http://thestory.ie/2010/06/02/td-expenses-2005-to-2008/

    There are countless cases of over-claiming from members of FG/FF/LB and the independents that supported the last few governements. However FG/LB seem to have tightened up on expenses in the lead up to the last election.

    http://thestory.ie/2011/02/17/over-100-politicians-overclaim-expenses/
    Fair enough with all of this, but your original comment was ULA members have claimed a lot less in the Dail, but since they did not exist before this Dail, I simply pointed out this. You respond with all of that. You should simply rephrase that you think ULA will not claim as much in this Dail.
    KarmaBaby wrote: »
    "Journalists have pointed out". Yes we can always rely on the right wing media in RTE and the Independent to water down problems for the government.
    Between 2004 and 2008 emigration almost doubled from over 20K to over 40K people a year.

    http://www.migrationinformation.org/Feature/display.cfm?ID=740

    Last year it was over 65K. How about you try reading a slightly more reputable newspaper for a change? We now have the highest Emigration in the EU and twice the emigration of the second country, Lithuannia. If you don't think that's a problem then you're just another blind capitalist with his head int he clouds slowly leading the rest of us off the cliff.

    http://www.irishtimes.com/newspaper/weekend/2011/0108/1224287020723.html
    Lol, okay, I will quote a media organisation to which you have used to back up your point which was the source of my original point which you have scoffed at.
    http://www.irishtimes.com/newspaper/ireland/2011/0312/1224291980040.html?via=mr

    Wow, look at that, no RTE or Independent, its the Irish Times who you use as a reputable site completely destroying your own point. The vast majority of people leaving Ireland are non-Irish and people are just scare-mongering. Embarrassing for you. :o
    KarmaBaby wrote: »
    This is just neo-liberal spin. In the last budget the most vulnerable in society were hit the hardest, while the wealthy elites were left largely untouched. Brian Cowen started his term as leader with 13 times the minimum wage. He finished it with 14 times the minimum wage and what's his and Harney's pension now? In some cases high earners on over 250K were actually better off after the budget.

    Lower paid workers with houses in negative equity, students, people with disabilities and the unemployed were asked to pay a much higher % of their income than the wealthy in the last budget. The people that caused the crisis were let off the hook and some property developers, as I mentioned earlier, were given 250K a year to "live-on".
    Eh no the last budget did not hit the most vulnerable the hardest. Back that up with actual figures or else it is simply waffle. The middle classes pay most in proportion, the wealthiest obviously pay the most in actual amounts of money even if it is a low tax rate, and until very recently a huge amount of lower paid people simply paid no or tiny amount of tax. Last years budget increased all brackets, but yes you are right, the increase in the top was not great, either was the increase at the bottom, again, the middle take the brunt.

    Your other point makes no sense at all. Unemployed people or students don't pay income tax so how the hell were they paying a much higher % of their income then the wealthy? That makes zero sense. I am all for a good debate but that last point is terribly mistaken and can be ripped apart when you actually look at it, you don't even have to research it.


  • Closed Accounts Posts: 11,298 ✭✭✭✭later12


    Unemployed people or students don't pay income tax so how the hell were they paying a much higher % of their income then the wealthy?
    VAT, duties, carbon taxes.


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  • Registered Users, Registered Users 2 Posts: 1,949 ✭✭✭The Waltzing Consumer


    later10 wrote: »
    VAT, duties, carbon taxes.

    Lol, eh, you said "% of income" hence income tax. VAT, duty and carbon taxes are not income tax. Oh and by the way, vat and duty and carbon taxes are not more for one type of society and less for others, so even if that was an income tax :rolleyes: it would still not be a valid point. I wish this was a grey area but it is not, your points are ridiculous and speak volumes about the socialist party if this is how clued in their members are economically.


  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    Lockstep wrote: »
    No, I'm asking you to source your own claims. Making statements and urging other people to source your claims isn't debating.

    No this is not what you're doing. You're asking me to provide a source for you "on the internet". This is simply not always possible. If you can't understand that then there's nothing more to say on the subject.
    Lockstep wrote: »
    Nah, I'm not. We're talking about salaries as that's what the ULA keep going on about (that their members take the average industrial wage). Unless the ULA are claiming expenses in order to donate them which is fraud.

    Look at your post on page 3. It was you that mentioned "taxpayer money" and that's what I was responding to. Now you are sidestepping the issue that you raised yourself.
    Lockstep wrote: »
    Also, the wonderfully subjective 'worthy causes' claim. My local FF councillor would doubtlessly view the local rugby club as a 'worthy cause'. Either way, the taxpayer is funding what he does with his personal cash.

    I answered this already. You think Rugby clubs need money just as much as the unemployed and poorest of society. We get it.
    Lockstep wrote: »
    Out of interest, what are the ULA's expense claims? You keep going on about minimal expenses so I'd like to see your sources.

    I don't believe they're published yet as we're too early into the current term, but Joe Higgins' from 2005 to 2008 are available and I published the link earlier. He was 164th on a list of 220 TDs published expenses. He was also not included in the list of over 100 TDs/MEPs that over claimed. This link is referenced in the same post I believe.
    Lockstep wrote: »
    It's difficult enough to emigrate unless you have a skill. Countries like the USA, Australia and Canada are tough to get into unless you have a degree or a skill in demand. If you're a minimum wage worker you'll find it very tough to emigrate.
    But rail against the fat cats if it makes you feel better.

    Again this has all been answered already. There are plenty of highly skilled people currently out of work and our emigration has tripled in 7 years. If you think you can't get a job in another country, even without skills then I dare say you've never been in that position. Just look at how many Irish are working sometimes two or three low paid jobs illegally in the US.
    Lockstep wrote: »
    Ah yes, 'promote indigenous wealth'. Something which every political party claims to support and which none has been able to deliver on. How will we get this indigenous industry off the ground?

    Again this has been answered. The funds we're currently shipping off to foreign debts can be used to invest in job creation. I'm assuming FG's forthcoming jobs budget will involve some form of investment.
    Lockstep wrote: »
    It was production unit which was moved whereas 1000 non-manufacturing Dell jobs remained behind. Likewise, see here

    I know several technicians with IT degrees that lost their jobs in Dell. Many skilled people in Dell were on short term contracts. Sometimes these ran back to back and other times they were allowed to run out on the basis that they would be taken back on another 6-12 month contract in the near future. Eventually more often than not these people were not offered new contracts. Lots of companies in the Shannon Region followed the same policy, where a handful of workers were let go at a time rather than all at once.

    There's also the not-so-small matter of the large number of jobs in other companies which benefited from DELL's business in the region. Plenty of skilled workers there too.

    Flextronics was just one such company which was a major supplier of DELL. The company closed completely following the job losses in Dell.
    Lockstep wrote: »
    Ah yes, Ireland's famously well educated and skilled workforce. Sadly, this isn't the case anymore such as here
    here

    or here

    Sadly, the MNC don't agree with our claims of our highly-skilled and educated persons.

    This does nothing for your argument. There are more skilled workers currently unemployed than in the history of the state. Much more now than even in the 80s when we had 18% unemployment.

    Irish Nurses are being forced to emigrate because they can't get work here. Are you saying they are unskilled? Graduates across all sectors are facing long periods on the dole. Do you think they're all stupid and got their degrees given to them for nothing. You're completely detached from reality.

    Irish Graduates are smart. I have no doubts about that. I have an IT qualification and it was hard work. It got me fives years employment as a network administrator and I am very well qualified. I decided to return to college to to do a BA and again it is tough going with many students dropping out because they don't make the grade. Qualifications are not given to idiots. That only happens in FAS. I'm currently on Erasmus in an internation private college with students of varying nationalities and I'm certain that, despite what your references say, Irish people are better educated than most of our European counterparts, but I think that is likely to change in a negative way in the near future.
    Lockstep wrote: »
    It's all very well to go on about our dependence on FDI, but as long as they're the ones creating jobs, that's where people will go. Even with job cuts, there was a net MNC job creation

    Yeah, "It's all very well to go on about" indigenous wealth because its very bloody important to be self sustainable, especially in the current global economic circumstance. We are not, and are we giving more and more of what own away to private companies year by year. Private business is effectively running our government and dictating our economic policy. That's a very serious problem.

    FDI began to decline in 2001. The government had no response to this and instead of creating indigenous wealth, the obvious solution, FF in collusion with the banks and property developers created the housing bubble. I would have thought you'd have connected the dots on this by now.
    Lockstep wrote: »
    Mainly as Shell isn't receiving the payoff from the fields yet. When they do, then the tax kicks in.

    Uh huh, source?
    Bertie Ahern reduced the tax rate for the profits made from the sale of these resources from 50% to 25%.

    http://colmrapple.com/?p=127

    "Even the Government, in an official document, describes those terms as “amongst the most attractive in the world”. "

    Bertie Ahern reduced Shell's tax rate from 50% to 25%. I believe the mean, globally on such resources is 68%.
    Lockstep wrote: »
    The question is where has the money gone. We live in a globalised world and the money can end up anywhere depending on how it was spent or invested.

    Even so, have you any solid proof that we can easily access this money (to the tune of multiple billions)?

    Answered several times over. You're just trolling now.
    Lockstep wrote: »
    You seem to think that default is pre-determined. It's not. If Ireland can stimulate the economy then our future looks a lot brighter. Fine Gael and Labour hope to do this by a job creation scheme.
    Defaulting now would be a disaster. If anything, it'd almost inevitably lead to massive spending cuts as we can no longer borrow on the bond markets.

    Again, already answered. We are not and cannot meet the IMF targets. Austerity does not work. What other desitanation could we possibly be heading for other than some form of default.

    It doesn't matter that defaulting now is a disaster, because defaulting later after we've sold off state assets and ripped the heart out of basic human rights of the low paid, students and disabilities would be much much worse.

    This is the same argument that was used to justify the bank guarantee. Anglo was too big a bank to guarantee, and the IMF deal to big to pay off. It's that simple.

    Lockstep wrote: »
    Nationalise the banks or let them go under while guaranteeing deposits (within reason) are decent alternatives. Bailing the banks out was lunacy.

    Finally something we agree on, but Fine Gael's long term strategy is to put the banks back in the hands of private business so that the vicious circle can begin once more.
    Lockstep wrote: »
    "Tax the rich" and "promote indigenous industry" aren't answers, rather, they are vague sound-bites.
    You need to show exactly where billions of euros will come from. Please be as specific as possible as you'll need to come up with funds to not only reverse all the cuts, but to further expand government spending at a time when our budget deficit and public debt are increasing ever higher.

    Answered many times over. Of course it's going to sound vague if you paraphrase to suit your own argument.
    Lockstep wrote: »
    Out of interest, do you know what a senior bondholder is? I often hear them being referred to by those who seem to think it means some sort of super-important-bondholder.

    I believe most of them are German, French and British Banks and Private Institutions, which would add credence to the idea that debt creation is the new imperialism.

    The fact that they are largely anonymous people/entities is proof enough that Irish people should not be forced to pay them off.

    Lockstep wrote: »
    Where on earth am I implying wrongdoing?

    Why do you keep asking questions I've already answered?

    "he's happy to take the same pay as them to fund his pet projects."

    You were comparing him to FF scum here. How does that NOT imply wrongdoing?
    Lockstep wrote: »
    Funding projects and campaigns isn't noble but neither is it malfeasance. I just fail to see why Higgins is championed by the extreme-left on the matter when the cost to the taxpayer is the same.

    Again, as I have answered. He does NOT cost the taxpayer the same, and you've just contradicted your earlier statement that you were talking specifically about salary rather than the total cost to the taxpayer.

    A charitable donation to a group that was wrongfully made redundant can neither be described as a "project" or a "campaign". Get real.


  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    oscarBravo wrote: »
    I'm assuming you're aware that money is created out of thin air - otherwise there would be the same amount of money in existence as there was a hundred years ago, which is patently untrue.

    Given that money can be created out of thin air, why do you subscribe to the view that it's impossible for it to disappear back into it?

    You're ignoring the very obvious fact that money only disappears when "debts are written off".

    When it's not the money doesn't disappear, someone gets rich. I've already connected the dots for you. If you can't see the flow of money from our pockets to foreign banks and speculators then, since there has been no debt forgiveness, what you're suggesting is that the money was physically set on fire. It wasn't.


  • Registered Users, Registered Users 2 Posts: 6,920 ✭✭✭Einhard


    I don't agree with many of his positions, and think his economic policies are insane, but I always had a great deal of respect for Joe Higgins. He's clearly a man or principle and integrity, and is an excellent orator. However, my respect for him dimmed during the General Election when I was canvassed by ULA members, who advocated the nationalisation of all industry above the certain level. In other words, they would seize private property. I know these were but two individuals, but from what I know of Higgins, I think it's likely that he'd subsribe to the same ideas. And for all his positive attributes, I don't know if I can really respect someone who advocates such intrusion by the state.


  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    Fair enough with all of this, but your original comment was ULA members have claimed a lot less in the Dail, but since they did not exist before this Dail, I simply pointed out this. You respond with all of that. You should simply rephrase that you think ULA will not claim as much in this Dail.


    Lol, okay, I will quote a media organisation to which you have used to back up your point which was the source of my original point which you have scoffed at.
    http://www.irishtimes.com/newspaper/ireland/2011/0312/1224291980040.html?via=mr

    Wow, look at that, no RTE or Independent, its the Irish Times who you use as a reputable site completely destroying your own point. The vast majority of people leaving Ireland are non-Irish and people are just scare-mongering. Embarrassing for you. :o

    Keep trying. This does not disprove my point.

    Proportionately the number of Irish leaving our shores is rising in line with the same figures. How could you actually believe that "Irish" emigration is static while overall emigration has tripled?
    Eh no the last budget did not hit the most vulnerable the hardest. Back that up with actual figures or else it is simply waffle.The middle classes pay most in proportion, the wealthiest obviously pay the most in actual amounts of money even if it is a low tax rate, and until very recently a huge amount of lower paid people simply paid no or tiny amount of tax. Last years budget increased all brackets, but yes you are right, the increase in the top was not great, either was the increase at the bottom, again, the middle take the brunt.

    Clearly you were living under a rock for a while after the budget. Even right wing economists utterly condemned the budget for the same reasons that I've given.

    Countless post budget programs on Irish Television gave a detailed analysis showing that as a proportion of overall income the poorest lost the most.

    From the Guardian on the day of the budget release.

    Social welfare payments will be cut by 4%.
    Jobseekers’, carer’s and disability allowances will fall by €8 per week each
    Income tax bands and tax credits will be cut by 10%
    Child benefit will fall by €10 a month per child, or €20 per month for the third child.
    • Income and health levies to be merged into a single social contribution charge payable on all income, called the Universal Social Charge

    • New employees in the public sector will be paid 10% less than before.
    • 25 tax breaks, including all property based relief, will be abolished by 2014.

    Petrol duty will go up by €0.04 per litre, and diesel by €0.02, from midnight.



    Corporation Tax remain unchanged at 12.5%


    Also.....Student fees increased by 33%. Maintenance grant slashed. Many student forced to move 45K from college or face losing €4,000!



    http://debates.oireachtas.ie/dail/2010/12/09/00012.asp

    In this page it is noted that a mother of three on the minimum wage is down €2,600. Her income including benefits was €18,000. This a 14% reduction in income. If you can find a high earner with a % loss anywhere close to that I'd like to see it.

    http://tinyurl.com/3dul4kfSee page 3 of this document on the revisions to social welfare payments and the impact on low income families.

    Page 7 highlights the impact of the ridiculous new "Universal Social Charge".

    Page 9 highlights the impact on child benefit which is not means tested against income

    Finally as was mentioned already. Increases in VAT and allother forms of taxation that are not linked to income clearly hi the poorest hardest.
    Your other point makes no sense at all. Unemployed people or students don't pay income tax so how the hell were they paying a much higher % of their income then the wealthy? That makes zero sense. I am all for a good debate but that last point is terribly mistaken and can be ripped apart when you actually look at it, you don't even have to research it.

    Err unemployed people recieve an income. They lost 4% on it. They are alsoo hit hardest by the non means tested taxation which I mentioned already.

    Students from families on low incomes receive a grant. The thresholds were dramatically reduced. Some students lost 66% of their grant. As I mentioned already, fees went up 33%. Again students pay VAT and other taxed like everyone else and are hit hardest as a proportion of their income when it goes up.

    Students that work tend to rely on the minimum wage. That went down by €1 an hour. Quite a big % loss there.


  • Registered Users, Registered Users 2 Posts: 9,026 ✭✭✭Lockstep


    KarmaBaby wrote: »
    No this is not what you're doing. You're asking me to provide a source for you "on the internet". This is simply not always possible. If you can't understand that then there's nothing more to say on the subject.
    Then don't bring up claims if you're unable to source them.
    I have proof that Fine Gael will solve unemployment and make us the richest country in the world. What's that? You want proof? It's not available on the internet but I still expect you to believe my claims. Obviously.
    KarmaBaby wrote: »
    Look at your post on page 3. It was you that mentioned "taxpayer money" and that's what I was responding to. Now you are sidestepping the issue that you raised yourself.
    Yes, TD's pay is taxpayer money. Expenses are too but this is a variable as it differs from TD to TD and year to year. By contrast, salary is a constant (unless altered during their term)

    KarmaBaby wrote: »
    I answered this already. You think Rugby clubs need money just as much as the unemployed and poorest of society. We get it.
    Indeed but which campaigns does the Socialist Party fund? Either way it's taxpayer money being used by a public representative to fund private entities.
    KarmaBaby wrote: »
    I don't believe they're published yet as we're too early into the current term, but Joe Higgins' from 2005 to 2008 are available and I published the link earlier. He was 164th on a list of 220 TDs published expenses. He was also not included in the list of over 100 TDs/MEPs that over claimed. This link is referenced in the same post I believe.
    Right so you *believe* they'll be lower based purely on Joe's previous record.
    Why then, were going on so confidently about the ULA having lower expenses (to the point of guaranteeing it)
    KarmaBaby wrote: »
    Again this has all been answered already. There are plenty of highly skilled people currently out of work and our emigration has tripled in 7 years. If you think you can't get a job in another country, even without skills then I dare say you've never been in that position. Just look at how many Irish are working sometimes two or three low paid jobs illegally in the US.

    Yup, that's the problem with a recession. Even the highly skilled can be out of work. I never claimed otherwise, merely that it is the highly skilled who will be the main emigrants (given their skills are in demand abroad)
    It's certainly possible to find work in other countries without skills but good look finding it. Check out the points system for places like New Zealand or Australia and see how far you get with jobs like barman and waitress.

    Also, you're making some fairly sweeping statements about me. My family emigrated out of Ireland when I was 6 and I've been everywhere from Scotland to Belgium to find work when I needed cash. But of course, anyone who disagrees with you must be in a sheltered little bubble.

    KarmaBaby wrote: »
    Again this has been answered. The funds we're currently shipping off to foreign debts can be used to invest in job creation. I'm assuming FG's forthcoming jobs budget will involve some form of investment.
    These funds are also coming from foreign institutions like the ECB and IMF, good look trying to use this money in another manner, especially as we're still multiple billions in the hole. How do you propose to maintain the revenue difference while we're waiting for the job creation to kick in, seeing as the bond markets will almost certainly not touch us?
    Your argument relies on the notion that throwing money at something leads to results. Check out Japan's steel industry which is heavily subsidised and yet still runs up government deficits in the process.


    KarmaBaby wrote: »
    I know several technicians with IT degrees that lost their jobs in Dell. Many skilled people in Dell were on short term contracts. Sometimes these ran back to back and other times they were allowed to run out on the basis that they would be taken back on another 6-12 month contract in the near future. Eventually more often than not these people were not offered new contracts. Lots of companies in the Shannon Region followed the same policy, where a handful of workers were let go at a time rather than all at once.
    Have you any sources for the extent of these skilled job losses? Doubtless, skilled persons would lose jobs too but the sources show that it is mainly manafacturing staff who lost their jobs (non-manfacturing staff remaining behind)

    KarmaBaby wrote: »
    There's also the not-so-small matter of the large number of jobs in other companies which benefited from DELL's business in the region. Plenty of skilled workers there too.

    Flextronics was just one such company which was a major supplier of DELL. The company closed completely following the job losses in Dell.
    Yes but Dell didn't fire these people, rather, it was a knock on effect. Terrible yes, but Dell's obligations are to its employees, not to suppliers.


    KarmaBaby wrote: »
    This does nothing for your argument. There are more skilled workers currently unemployed than in the history of the state. Much more now than even in the 80s when we had 18% unemployment.
    Of course it does, you were going on about Ireland's skilled and educated workforce!

    Probably as we now presumably have far more skilled and educated workers than ever before. As unemployment rises, the skilled workers would be equally hit (IIRC, we have one of the highest number of graduates in the EU)

    KarmaBaby wrote: »
    Irish Nurses are being forced to emigrate because they can't get work here. Are you saying they are unskilled? Graduates across all sectors are facing long periods on the dole. Do you think they're all stupid and got their degrees given to them for nothing. You're completely detached from reality.
    Woah, hyperbole alert! I pointed out grade inflation and the quality of teaching as evidenced by Intel and Google's concerns. Nothing to do with our people being unskilled or stupid. Merely that they're not living up to the claims of our highly skilled and educated workforce.
    KarmaBaby wrote: »
    Irish Graduates are smart. I have no doubts about that. I have an IT qualification and it was hard work. It got me fives years employment as a network administrator and I am very well qualified. I decided to return to college to to do a BA and again it is tough going with many students dropping out because they don't make the grade. Qualifications are not given to idiots. That only happens in FAS. I'm currently on Erasmus in an internation private college with students of varying nationalities and I'm certain that, despite what your references say, Irish people are better educated than most of our European counterparts, but I think that is likely to change in a negative way in the near future.
    I provide sources on grade inflation and doubts over our education system (both at secondary and tertiary levels) and your response is what you are certain of?
    Feel free to disprove the Irish Times with something beyond your own anecdoctes.


    KarmaBaby wrote: »
    Yeah, "It's all very well to go on about" indigenous wealth because its very bloody important to be self sustainable, especially in the current global economic circumstance. We are not, and are we giving more and more of what own away to private companies year by year. Private business is effectively running our government and dictating our economic policy. That's a very serious problem.

    FDI began to decline in 2001. The government had no response to this and instead of creating indigenous wealth, the obvious solution, FF in collusion with the banks and property developers created the housing bubble. I would have thought you'd have connected the dots on this by now.
    It's a nice idea to have better indigenous industry: I doubt you'll find a single politician who says differently but the question is how we get it. It's not something that hasn't been tried before.
    Your argument is that we can throw money at creating II while simultaneously reversing public service cuts, welfare cuts and dramatically expanding government expenditure. While defaulting. Not only will you have to make up the €18bn or so shortfall in our tax/revenue (assuming that tax rates remain constant) but will have to come up with multiple other billions.

    You keep going on about 'promoting II' without explaining how it will be done beyond throwing money at it.


    KarmaBaby wrote: »
    http://colmrapple.com/?p=127

    "Even the Government, in an official document, describes those terms as “amongst the most attractive in the world”. "

    Bertie Ahern reduced Shell's tax rate from 50% to 25%. I believe the mean, globally on such resources is 68%.
    You quote the Daily Mail while urging others to use unbiased news sources?

    Ah well. Would be very interested in seeing which "official document" he's referring to.


    KarmaBaby wrote: »
    Answered several times over. You're just trolling now.
    You've used this phrase 8 times in this post (including variants) without ever showing *where* you've answered them.
    KarmaBaby wrote: »
    Again, already answered. We are not and cannot meet the IMF targets. Austerity does not work. What other desitanation could we possibly be heading for other than some form of default.

    It doesn't matter that defaulting now is a disaster, because defaulting later after we've sold off state assets and ripped the heart out of basic human rights of the low paid, students and disabilities would be much much worse.

    This is the same argument that was used to justify the bank guarantee. Anglo was too big a bank to guarantee, and the IMF deal to big to pay off. It's that simple.
    Yes, we can given that we can renegotiate the terms as well as encourage economic growth to raise revenue. We cannot do this if our economy is crippled by massive spending increases while unable to borrow on the bond markets.

    KarmaBaby wrote: »
    Finally something we agree on, but Fine Gael's long term strategy is to put the banks back in the hands of private business so that the vicious circle can begin once more.
    Yeah, I'm no fan of Fine Gael.

    KarmaBaby wrote: »
    Answered many times over. Of course it's going to sound vague if you paraphrase to suit your own argument.
    You didn't answer beyond the two vague statements I just outlined. I ask for policy and you give me two soundbites.
    :/

    KarmaBaby wrote: »
    I believe most of them are German, French and British Banks and Private Institutions, which would add credence to the idea that debt creation is the new imperialism.

    The fact that they are largely anonymous people/entities is proof enough that Irish people should not be forced to pay them off.
    Nono, I didn't ask you who the senior bondholders are (or at least, who you believe they are, keep in mind there are also a lot of credit unions there)
    I asked you WHAT a senior bondholder is.


    KarmaBaby wrote: »
    Why do you keep asking questions I've already answered?
    "he's happy to take the same pay as them to fund his pet projects."
    You were comparing him to FF scum here. How does that NOT imply wrongdoing?
    So because I compared him to FF, I must be accusing him of wrongdoing.
    Hey, Joe Higgins breaths air, the same way as FF TDs do.
    Better call the ULA legal team as I just accused him of wrongdoing there (by your logic anyway)

    KarmaBaby wrote: »
    Again, as I have answered. He does NOT cost the taxpayer the same, and you've just contradicted your earlier statement that you were talking specifically about salary rather than the total cost to the taxpayer.

    A charitable donation to a group that was wrongfully made redundant can neither be described as a "project" or a "campaign". Get real.

    He does in terms of salary as this is what every TD receives. The expenses are variables so aren't really relevent here as then he has to compared to every single TD which


    Finally, you answer a lot of questions with "already been answered" without stating where. The fact I'm still asking shows that you havn't answered them satisfactorily. Of course, you could easily prove me wrong by linking to exactly where you've answered them (if you have).


  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Lol, yeah it is a pity every TD does not do what Joe does.

    Banks bad, Government bad. Reduce taxes, no job cuts, free money to everyone, boo bad rich man, poor people good, money grows on trees.

    I mean, how could it possibly fail?

    As if they are his policies :rolleyes:
    Like I said don't agree with the guy but have to admire his honesty and the fact he lives by his beliefs unlike the rest of them.


  • Registered Users, Registered Users 2 Posts: 1,949 ✭✭✭The Waltzing Consumer


    20Cent wrote: »
    As if they are his policies :rolleyes:
    Like I said don't agree with the guy but have to admire his honesty and the fact he lives by his beliefs unlike the rest of them.

    Well, I am from his constituency and I can say 100% he is like the rest of them. He may have a few individual traits you admire, but that is just public persona. He is not honest and even if he was, honesty does not create jobs. If he had his way, Dublin West would have zero jobs because of his lunatic economic policies.


  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Well, I am from his constituency and I can say 100% he is like the rest of them. He may have a few individual traits you admire, but that is just public persona. He is not honest and even if he was, honesty does not create jobs. If he had his way, Dublin West would have zero jobs because of his lunatic economic policies.

    What are his lunatic economic policies?
    Why do you think he is dishonest?


  • Registered Users, Registered Users 2 Posts: 1,949 ✭✭✭The Waltzing Consumer


    20Cent wrote: »
    What are his lunatic economic policies?
    Why do you think he is dishonest?

    "significantly" raising corporation tax. A huge amount of employment in Dublin West comes from multinationals who are located here because of this tax.

    Not reducing the salaries of semi-state employees despite the fact that a huge number of staff are earning extraordinary wages akin to the very top levels of civil servants or bankers whilst at the meantime getting huge subsidization from the state.

    I think he is dishonest because of his tactics and misrepresentations. Growing up in this area, I have seen the Joe Higgins tactics. Here are two examples.

    The going to jail over bin tags. Most of the protesters were blow-ins not from area, the area he protested in was actually predominately an area where bin tags would be provided for the residents and not actually cost them anything at all. But no, all bravado and martyr like scenes from Joe and the bunch.

    The other example. A young man is killed in Tyrellstown a few years ago. It was awful. The Gardai caught the men responsible within a day or two, charged them and now awaiting trial. Good result. But no, Joe flies in from Europe and starts politicising the death which even caused the priest who was close to the victims family to publicly show his disgust at what Joe was doing. Joe had put posters up everywhere about this death and even organised a march without even waiting for due process or details of the death to become known. Sickening.

    These are just two examples off hand. If you are from the area, you would know, if you are not, you are blinkered.


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  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    Lockstep wrote: »
    Then don't bring up claims if you're unable to source them.
    I have proof that Fine Gael will solve unemployment and make us the richest country in the world. What's that? You want proof? It's not available on the internet but I still expect you to believe my claims. Obviously.


    Yes, TD's pay is taxpayer money. Expenses are too but this is a variable as it differs from TD to TD and year to year. By contrast, salary is a constant (unless altered during their term)



    Indeed but which campaigns does the Socialist Party fund? Either way it's taxpayer money being used by a public representative to fund private entities.


    Right so you *believe* they'll be lower based purely on Joe's previous record.
    Why then, were going on so confidently about the ULA having lower expenses (to the point of guaranteeing it)


    Yup, that's the problem with a recession. Even the highly skilled can be out of work. I never claimed otherwise, merely that it is the highly skilled who will be the main emigrants (given their skills are in demand abroad)
    It's certainly possible to find work in other countries without skills but good look finding it. Check out the points system for places like New Zealand or Australia and see how far you get with jobs like barman and waitress.

    Also, you're making some fairly sweeping statements about me. My family emigrated out of Ireland when I was 6 and I've been everywhere from Scotland to Belgium to find work when I needed cash. But of course, anyone who disagrees with you must be in a sheltered little bubble.



    These funds are also coming from foreign institutions like the ECB and IMF, good look trying to use this money in another manner, especially as we're still multiple billions in the hole. How do you propose to maintain the revenue difference while we're waiting for the job creation to kick in, seeing as the bond markets will almost certainly not touch us?
    Your argument relies on the notion that throwing money at something leads to results. Check out Japan's steel industry which is heavily subsidised and yet still runs up government deficits in the process.




    Have you any sources for the extent of these skilled job losses? Doubtless, skilled persons would lose jobs too but the sources show that it is mainly manafacturing staff who lost their jobs (non-manfacturing staff remaining behind)



    Yes but Dell didn't fire these people, rather, it was a knock on effect. Terrible yes, but Dell's obligations are to its employees, not to suppliers.




    Of course it does, you were going on about Ireland's skilled and educated workforce!

    Probably as we now presumably have far more skilled and educated workers than ever before. As unemployment rises, the skilled workers would be equally hit (IIRC, we have one of the highest number of graduates in the EU)



    Woah, hyperbole alert! I pointed out grade inflation and the quality of teaching as evidenced by Intel and Google's concerns. Nothing to do with our people being unskilled or stupid. Merely that they're not living up to the claims of our highly skilled and educated workforce.


    I provide sources on grade inflation and doubts over our education system (both at secondary and tertiary levels) and your response is what you are certain of?
    Feel free to disprove the Irish Times with something beyond your own anecdoctes.




    It's a nice idea to have better indigenous industry: I doubt you'll find a single politician who says differently but the question is how we get it. It's not something that hasn't been tried before.
    Your argument is that we can throw money at creating II while simultaneously reversing public service cuts, welfare cuts and dramatically expanding government expenditure. While defaulting. Not only will you have to make up the €18bn or so shortfall in our tax/revenue (assuming that tax rates remain constant) but will have to come up with multiple other billions.

    You keep going on about 'promoting II' without explaining how it will be done beyond throwing money at it.




    You quote the Daily Mail while urging others to use unbiased news sources?

    Ah well. Would be very interested in seeing which "official document" he's referring to.




    You've used this phrase 8 times in this post (including variants) without ever showing *where* you've answered them.


    Yes, we can given that we can renegotiate the terms as well as encourage economic growth to raise revenue. We cannot do this if our economy is crippled by massive spending increases while unable to borrow on the bond markets.



    Yeah, I'm no fan of Fine Gael.



    You didn't answer beyond the two vague statements I just outlined. I ask for policy and you give me two soundbites.
    :/



    Nono, I didn't ask you who the senior bondholders are (or at least, who you believe they are, keep in mind there are also a lot of credit unions there)
    I asked you WHAT a senior bondholder is.




    So because I compared him to FF, I must be accusing him of wrongdoing.
    Hey, Joe Higgins breaths air, the same way as FF TDs do.
    Better call the ULA legal team as I just accused him of wrongdoing there (by your logic anyway)




    He does in terms of salary as this is what every TD receives. The expenses are variables so aren't really relevent here as then he has to compared to every single TD which


    Finally, you answer a lot of questions with "already been answered" without stating where. The fact I'm still asking shows that you havn't answered them satisfactorily. Of course, you could easily prove me wrong by linking to exactly where you've answered them (if you have).

    80% of this is just a repeat of things you've already said but in a slightly different way and the rest amounts to blatant trolling, such asking for references I've already given you, ignoring answers I've already given and misquoting me.

    You haven't brought any new evidence to the table with regard to questioning Joe Higgins' character so if you want this debate to continue then I suggest you get back on topic and start there.


  • Technology & Internet Moderators Posts: 28,853 Mod ✭✭✭✭oscarBravo


    KarmaBaby wrote: »
    ...what you're suggesting is that the money was physically set on fire. It wasn't.
    I didn't say it was.

    Look: wealth is created largely through appreciation in asset value. Right? Bill Gates has a buttload of money mostly because Microsoft's share price is doing quite well. Now, someone didn't print a bunch of notes or dig up some gold out of the ground in order to back up the value of the shares; we say he's rich because, on paper, he owns lots of things that are stated to be worth x amount of money.

    Now, if Microsoft's share price tanks, Bill Gates will wake up tomorrow morning with a much smaller buttload of money. Not because someone physically set fire to anything, but because what he owns is perceived as having less value.

    You seem to be falling into the trap of believing that money is a finite resource with an intrinsic value. It's not. It can disappear into thin air very easily.


  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    "significantly" raising corporation tax. A huge amount of employment in Dublin West comes from multinationals who are located here because of this tax.

    Not reducing the salaries of semi-state employees despite the fact that a huge number of staff are earning extraordinary wages akin to the very top levels of civil servants or bankers whilst at the meantime getting huge subsidization from the state.

    I think he is dishonest because of his tactics and misrepresentations. Growing up in this area, I have seen the Joe Higgins tactics. Here are two examples.

    The going to jail over bin tags. Most of the protesters were blow-ins not from area, the area he protested in was actually predominately an area where bin tags would be provided for the residents and not actually cost them anything at all. But no, all bravado and martyr like scenes from Joe and the bunch.

    The other example. A young man is killed in Tyrellstown a few years ago. It was awful. The Gardai caught the men responsible within a day or two, charged them and now awaiting trial. Good result. But no, Joe flies in from Europe and starts politicising the death which even caused the priest who was close to the victims family to publicly show his disgust at what Joe was doing. Joe had put posters up everywhere about this death and even organised a march without even waiting for due process or details of the death to become known. Sickening.

    These are just two examples off hand. If you are from the area, you would know, if you are not, you are blinkered.

    This is lame and flimsy evidence at best and mostly just speculation and personal opinion. It doesn't show a lack of honesty on Joe's part whatsoever.

    Try harder.


  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    "significantly" raising corporation tax. A huge amount of employment in Dublin West comes from multinationals who are located here because of this tax.

    Not reducing the salaries of semi-state employees despite the fact that a huge number of staff are earning extraordinary wages akin to the very top levels of civil servants or bankers whilst at the meantime getting huge subsidization from the state.

    I think he is dishonest because of his tactics and misrepresentations. Growing up in this area, I have seen the Joe Higgins tactics. Here are two examples.

    The going to jail over bin tags. Most of the protesters were blow-ins not from area, the area he protested in was actually predominately an area where bin tags would be provided for the residents and not actually cost them anything at all. But no, all bravado and martyr like scenes from Joe and the bunch.

    The other example. A young man is killed in Tyrellstown a few years ago. It was awful. The Gardai caught the men responsible within a day or two, charged them and now awaiting trial. Good result. But no, Joe flies in from Europe and starts politicising the death which even caused the priest who was close to the victims family to publicly show his disgust at what Joe was doing. Joe had put posters up everywhere about this death and even organised a march without even waiting for due process or details of the death to become known. Sickening.

    These are just two examples off hand. If you are from the area, you would know, if you are not, you are blinkered.

    If corporate tax rates were increased multinationals will all leave is debatable. Most don't even pay the generous 12%. Haven't seen a statement from him re the top earners in the semi states.

    The examples of dishonesty are just your opinion on how he handled things. He was genuinely against bin charges and even went to jail for it. Where the other protesters were from is immaterial, it is actually an example of him standing up for what he believes in. A racist murder should also be of concern to public representatives of an area.


  • Closed Accounts Posts: 5,361 ✭✭✭Boskowski


    This is getting boring. Can't you two get a room or something?


  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    oscarBravo wrote: »
    I didn't say it was.

    Look: wealth is created largely through appreciation in asset value. Right? Bill Gates has a buttload of money mostly because Microsoft's share price is doing quite well. Now, someone didn't print a bunch of notes or dig up some gold out of the ground in order to back up the value of the shares; we say he's rich because, on paper, he owns lots of things that are stated to be worth x amount of money.

    Now, if Microsoft's share price tanks, Bill Gates will wake up tomorrow morning with a much smaller buttload of money. Not because someone physically set fire to anything, but because what he owns is perceived as having less value.

    You seem to be falling into the trap of believing that money is a finite resource with an intrinsic value. It's not. It can disappear into thin air very easily.

    No it cannot disappear!!! This would be an astonishingly naive notion of how the worlds economy works.

    http://economics.about.com/cs/finance/a/money_lost.htm

    Share prices go down when stocks are "sold". Sure, Microsoft might have some bad news - like the latest version of windows gives you cancer or something - but if no one sells the stock prices do not go down.

    If they are sold, Bill Gates might lose money but but someone else makes money by selling the stock, or he makes money from buying back shares at a lower price than they were sold, in which case someone else loses.

    "If we’ve done our calculations correctly, the total money lost has to equal the total money gained and the total number of stocks lost has to equal the total number of stocks gained."

    There are winners and losers, buyers and sellers, just like normal trading, but you seem be suggesting that when share prices fall, everyone loses and the money vanishes into thin air. It is simply not possible for that to happen.

    There is always someone making money in a crisis. For some reason you seem to think that in a recession the total money in the pot is diminishing and turning to dust. It's not, just our share of it is.


  • Technology & Internet Moderators Posts: 28,853 Mod ✭✭✭✭oscarBravo


    KarmaBaby wrote: »
    No it cannot disappear!!!
    You're either claiming that there's a fixed, immutable amount of money in the world, and that (like energy or matter) it can't be created or destroyed (which begs the question of how it came into being in the first place); or else you're accepting that it can be created out of thin air but claiming it can't subsequently vanish into thin air.

    Which of those do you believe?


  • Closed Accounts Posts: 11,298 ✭✭✭✭later12


    For what it's worth you're both wrong. Money doesn't 'disappear' in equity crises, and neither is it at all accurate to say that it disappears through losing its implied value; karma of course currency can 'disappear' it is taken out of circulation when central banks raise capital ratios or interest rates, for example. This ridiculous argument is giving me a headache, I can't watch it anymore.


  • Registered Users, Registered Users 2 Posts: 299 ✭✭KarmaBaby


    later10 wrote: »
    karma of course currency can 'disappear' it is taken out of circulation when central banks raise capital ratios or interest rates, for example.

    None of which explains the mysterious disappearance Ireland's wealth.
    In the case of Ireland's crisis, what oscar is trying to suggest by stating the money disappeared is that there has been a significant amount of write offs and debt forgiveness, which there clearly hasn't. Lots of people got rich from the Irish crisis. The money wasn't taken out of circulation, but a lot of it is leaving the country by other means.


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  • Closed Accounts Posts: 788 ✭✭✭SupaNova


    Err no it hasn't been destroyed. The government guaranteed the banking debts remember. Someone took a loan to pay to build those houses. Someone invested in the bank to pay that loan, and those investors haven't taken a hit. Despite what the government might want you to believe money does not mysteriously disappear into thin air overnight, it just moves from one place to another. In our case much of it back in the direction of the ECB and foreign investors.

    Wasted might be a better word, of course there is a paper trail you could follow. The cheap credit that fueled the boom has been wasted though. The ghost housing estates, the people who wasted years training in the construction industry to be left with skills there is not demand for, yearly car upgrades, foreign holidays, living it up at home, general treats. That waste cannot be recovered. Everyone benefited during the boom. The banks would have suffered by going bankrupt during the bust but for the bailout. By keeping our banks solvent we are saving the lenders to those banks from their losses. That part is sick alright.

    If we didn't bailout the banks we would still be broke. The bailout is like a double kick in the balls.


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