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UK to include Drugs & Hookers in GDP

Comments

  • #2
    Alf. A. Male
    Closed Accounts Posts: 740 ✭✭✭Alf. A. Male


    It's actually an EU directive and will be included in all GDP's. The CSO here have already started work on it.


  • #3
    househero
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭househero


    Alf. A. Male wrote: »
    It's actually an EU directive and will be included in all GDP's. The CSO here have already started work on it.

    Isn't it a problem if there is an element of your own GDP that you can make up?

    The UK will be using seizures as the basis for their figures....

    Expect more seizures to boost GDP figures...

    Reduced supply, reduces GDP (you can't sell a product that is no longer available)... Increases prices.


  • #4
    Tin Foil Hat
    Registered Users, Registered Users 2 Posts: 1,665 ✭✭✭Tin Foil Hat


    EU directs countries to pluck a figure from the sky. What a bunch of tools.


  • #5
    Alf. A. Male
    Closed Accounts Posts: 740 ✭✭✭Alf. A. Male


    It won't be figures plucked from the sky, the necessary elements for making estimates are already known, numbers of sex workers, prices etc.


  • #6
    tritium
    Registered Users, Registered Users 2 Posts: 7,666 ✭✭✭tritium


    If we have to do this will we be using the *ahem* official garda estimate of street value or what it was actually worth. If we go with the former then a couple of bags if talc might just be enough to end the recession and bring back the boom years!


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  • #7
    househero
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭househero


    tritium wrote: »
    a couple of bags if talc might just be enough to end the recession and bring back the boom years!

    I suspect this is the exact reason why its being introduced.

    US GDP shrank by 1% in the first 3 months of 2014. The EU 'Grew' by 0.2%


  • #8
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    househero wrote: »
    I suspect this is the exact reason why its being introduced.

    US GDP shrank by 1% in the first 3 months of 2014. The EU 'Grew' by 0.2%

    And Ireland's GDP will probably double..


  • #9
    Sh1tbag OToole
    Closed Accounts Posts: 3,973 ✭✭✭Sh1tbag OToole


    Why does anyone want to make the GDP look bigger? Does the top man of the world bank hand out a prize to the PM of the country that manages to push the most money around the place?


  • #10
    househero
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭househero


    Sh1tbag OToole wrote: »
    Why does anyone want to make the GDP look bigger? Does the top man of the world bank hand out a prize to the PM of the country that manages to push the most money around the place?

    Economics being raped by politics

    EU countries have to keep government debt below a certain percent of GDP...

    If you can't (won't) reduce gov debt... Just increase GDP figures.


  • #11
    stimpson
    Registered Users, Registered Users 2 Posts: 7,828 ✭✭✭stimpson


    Looking forward to all the top drugs and hookers firms to set up shop here for the corporation tax. Let the good times roll.


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  • #12
    Tin Foil Hat
    Registered Users, Registered Users 2 Posts: 1,665 ✭✭✭Tin Foil Hat


    househero wrote: »
    Economics being raped by politics

    EU countries have to keep government debt below a certain percent of GDP...

    If you can't (won't) reduce gov debt... Just increase GDP figures.

    And, if the coke and hired fanny don't bring the numbers up enough, we can make kids declare every fiver they get in their birthday cards.


  • #13
    househero
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭househero


    Tin Foil Hat wrote: »
    And, if the coke and hired fanny don't bring the numbers up enough, we can make kids declare every fiver they get in their birthday cards.

    I was hoping for a far more 'Tin Foiled Hat' response...

    Michael Noonans taking notes on your tax dodging nephew to try and get his share of those 5 €1 coins sallotaped to the inside of his birthday card.


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