If Greece can do it, Ireland certainly can..

stuar

Now that Greece has the EU quaking in their boots, whether they default or not, I think in the next election Ireland will follow suit, except we have a little more to offer ourselves.

For starters tell the IMF, ECB and the bond holders/gamblers should be told to feck off.

Get out of the EU, get rid of the euro and back to the punt, become sovereign again.

Export as much as we wish, to who we wish, do away with farmers subsidies to not grow good crops on good fertile land, most our land is wasted on doing nothing.

Agri-facts

The land area of Ireland is 6.9 million hectares and about 4.5 million hectares of that is used for agriculture - about 64% of total land area. A total of 43% of land throughout the EU is used for agriculture according to Eurostat with some countries like Finland and Sweden using less than 10%.
81% of agricultural area is devoted to pasture, hay and grass silage (3.67 million hectares), 11% to rough grazing (0.48 million hectares) and 8% to crops, fruit & horticulture production (0.38 million hectares).

http://ec.europa.eu/ireland/key-eu-policy-areas/agriculture/index_en.htm

Do away with livestock export quotas, this quota, that quota, this cap, that cap, just basically produce and sell, sell, sell.


Let fishermen fish in our territorial waters, and bring in the haul they catch, instead of worrying about EU fines and dumping thousands of tons of edible dead fish overboard each year.

Ireland's Ocean Wealth
Taking the territorial seabed area into account, Ireland is one of the largest EU states; with sovereign or exclusive rights over one of the largest sea to land ratios (over 10:1) of any EU State.

http://www.imdo.ie/IMDO/business/maritime-development/

Tell Royal Dutch Shell we've changed our minds on the corrib gas field and we'll pay them back their investment so far, in time, and let our gas be our gas. We just have to hire experts, let them do their work and then pay them and say bye, bye, then some of the Irish expats that emigrated and worked in the industry may return home.

Do likewise with the potential 1.7 billion barrels of oil off the west Cork coast, create our own nationalised energy company, we have the energy, who want's to buy some,crude prices may have fallen temporary but they'll soon rise again when the US/Russia/Saudi Arabia crap is over.

Oil Riches In Ireland Could Be Vast
Ireland’s troubled economy received a jolt of hope last month with the news that an oil field off the achingly beautiful coast of West Cork may contain as much as 1.7 billion barrels of oil, with 280 million barrels of that recoverable in the short term at a rate of 100,000 barrels a day.

http://www.forbes.com/sites/davidmonagan/2012/11/01/black-gold-in-ireland-mindthe-eco-warriors-though/

Just an idea......

BoJack Horseman

1) the EU isn't "quaking".
If Greece leaves the Euro, so be it.... Losing the dead weight could be the making of the currency.

2) Agricultural quotas are being phased out anyway.

3) international waters are still international waters.... Ireland exiting the EU doesn't inhibit a Portuguese trawler off Kerry 1 iota.

4) If I had 1 barrel of oil every time I heard of "potential bonanza" of oil just aching to be dug up..... I'd have 100 times more oil than has ever been extracted from Ireland.

By the by.... Greece hasn't "done" anything yet.
They have a shotgun pointed at their own feet, but are waiting a few weeks before pulling the trigger.

dlouth15

BoJack Horseman wrote: »

1) the EU isn't "quacking".

Quaking.

BoJack Horseman

dlouth15 wrote: »

Quaking.

That too!

ninty9er

5) We got our debt deal last year and by the sounds coming from Greece tonight that's the type of deal they may settle for.

Harry Palmr

The Greeks will be sent home with a flea in their ear. Anyone who thinks otherwise is an idiot.

gandalf

LOL it's a bit early to say that the new Greek Government have achieved anything. I have a feeling that people in Greece will be saying the same as us considering all the promises of deals and standing up to Europe that Labour and Fine Gael made before they got elected. That once they got in power they realised that they had no real jiggle room at all, unless you wanted no money to keep the country going.

smcgiff

That Forbes article is over 2 years old. Heard much about the bonanza lately?

stuar

BoJack Horseman wrote: »

1) the EU isn't "quaking".

BoJack Horseman wrote: »

3) international waters are still international waters.... Ireland exiting the EU doesn't inhibit a Portuguese trawler off Kerry 1 iota.

Google "exclusive economic zone (EEZ)"
It extends 200 miles, so the Portuguese trawler would be in our, not EU waters, and while your googling check out the "Cod Wars".

BoJack Horseman wrote: »

4) If I had 1 barrel of oil every time I heard of "potential bonanza" of oil just aching to be dug up..... I'd have 100 times more oil than has ever been extracted from Ireland.

Well others think different.....

Europe Correspondent Ann Cahill looks at a documentary that explores Ireland’s oil and gas resources that claims the Government is being careless with the country’s precious stocks.

IRELAND is traditionally careless with its natural resources — gifting about €1bn worth of fish a year to other EU countries — and is making the same mistakes with oil and gas, according to new film Atlantic.

The documentary asks why Ireland’s original Norwegian-style gas and oil policy was dismantled by previous governments with a US government report finding that Ireland had the second lowest tax take of 142 countries studied.
http://www.irishexaminer.com/viewpoints/analysis/oil-and-gas-are-our-most-precious-resources-268211.html

BoJack Horseman wrote: »

By the by.... Greece hasn't "done" anything yet.
They have a shotgun pointed at their own feet, but are waiting a few weeks before pulling the trigger.

They have a new Govt that won't be as silly as the last, if they do what they said they will............let's wait and see, my crystal ball needs new batteries.

stuar

smcgiff wrote: »

That Forbes article is over 2 years old. Heard much about the bonanza lately?

Is it my fault we have an imbecile running the country the past 2 years?

Edit:
Actually Yes....

PUBLISHED
30/07/2014

A new survey shows there could be the equivalent of 4.5 billion barrels of oil lying beneath the seabed off the south-west coast
There are fresh hopes of a future oil and gas bonanza for Ireland, with a new survey showing there could be the equivalent of 4.5 billion barrels of oil lying beneath the seabed off the south-west coast.

http://www.independent.ie/business/irish/canadian-explorers-shares-double-on-skellig-oil-and-gas-bonanza-30468749.html


A little from in between......

http://www.thejournal.ie/how-much-is-the-barryroe-oil-find-actually-worth-to-us-394108-Mar2012/

BoJack Horseman

stuar wrote: »

Google "exclusive economic zone (EEZ)"
It extends 200 miles, so the Portuguese trawler would be in our, not EU waters, and while your googling check out the "Cod Wars".

Yeah.... Doesn't apply to fishing, as fish can move from territory to territory.

That Portuguese vessel can do as it pleases.

Well others think different.....

Europe Correspondent Ann Cahill looks at a documentary that explores Ireland’s oil and gas resources that claims the Government is being careless with the country’s precious stocks.

IRELAND is traditionally careless with its natural resources — gifting about €1bn worth of fish a year to other EU countries — and is making the same mistakes with oil and gas, according to new film Atlantic.

The documentary asks why Ireland’s original Norwegian-style gas and oil policy was dismantled by previous governments

Yeah, this is pretty much the same as Shinner policy on resources.... ie: copy Norway.

However, what the above & SF don't answer:
1) Where does the money to create a national exploration company come from?
2) Norway refunds up to 80% of the cost of failed explorations.
.... Seeing as Ireland has a 100% fail rate, where would these compensatory 10's of billions come from?

They have a new Govt that won't be as silly as the last,

That last government:
- brought their budget back to surplus
- Grew GDP
- Reduced unemployment.






Not an easy task to say the least, but they did it.

Syriza & their principal of 'magic beans economics' have a hard act to follow.

stuar

After I read shinners I stopped reading........







EDIT:

Actually I did read on,

€20 million seismic survey hopes to reveal Ireland’s true oil and gas wealth.............the water charges should cover that and get the ball rolling.........plus if we all thought like you we'd still be making square wheels........don't forget to vote FG/FF in the next election, they might get us another few hundred years debt.


And Greece HAD a great Govt?, your not Greek are you!


Goodnight, I'm off to bed.

gandalf

stuar wrote: »

Is it my fault we have an imbecile running the country the past 2 years?

Edit:
Actually Yes....

PUBLISHED
30/07/2014

A new survey shows there could be the equivalent of 4.5 billion barrels of oil lying beneath the seabed off the south-west coast
There are fresh hopes of a future oil and gas bonanza for Ireland, with a new survey showing there could be the equivalent of 4.5 billion barrels of oil lying beneath the seabed off the south-west coast.

http://www.independent.ie/business/irish/canadian-explorers-shares-double-on-skellig-oil-and-gas-bonanza-30468749.html

It's not the Governments job to extract that oil is it?

Carrying out this kind of work costs a lot of money and while things can look promising they also can amount to nothing.

Just read the final parts of the article you linked to.

But while hopes will be raised by the news from Antrim, it will be significantly tempered by a long list of exploration failures off the coast of Ireland.

Ireland's offshore exploration rush was hit with a massive blow last year when oil and gas giant Exxon said it was pulling out.

The company had been drilling a well adjacent to the Skellig block, at the Dunquin North prospect. It owned 25.5pc of the prospect, with Irish minnow Providence Resources owning 16pc.

Drilling at the Dunquin prospect had been the most highly- anticipated exploration activity ever in Ireland and there were huge hopes that it would confirm huge oil reserves.

But Exxon said that while it had found some residual oil, it had not recovered any commercially-viable hydrocarbons from the well.

No I would ask you if you were a commercial entity who will have to invest a lot of money into a project like this are you going to be compelled to do it in a country that has just reneged on its debts?

BoJack Horseman

stuar wrote: »

After I read shinners I stopped reading........

Shame, could have learned yourself something.

And it beats the hell out of copy/pasting 'Ireland out of the EU' fantasies perpetuated by the likes of SWP/DDI/Eirigi..... That's what Facebook is for.

stuar

gandalf wrote: »

It's not the Governments job to extract that oil is it?

Carrying out this kind of work costs a lot of money and while things can look promising they also can amount to nothing.

Just read the final parts of the article you linked to.



No I would ask you if you were a commercial entity who will have to invest a lot of money into a project like this are you going to be compelled to do it in a country that has just reneged on its debts?

Ask Providence Resources.......


Night, Night...

Galwayguy35

The left in Greece got what the left in Ireland don't want, they were put into Government.

Like over here they told everyone what they wanted to hear, now that they are actually given the job of running the country it will be interesting to see how this pans out.

FreudianSlippers

I heard the new nominee for Greek finance minister on Newstalk this morning and I have to say, I found him eloquent and intelligent - a far cry from the leftist parties that we have here. Vitally, I draw some interesting points of distinction:

1) Greece will not leave the Eurozone by choice;
2) Greece will not default on their debt (they intend to negotiate rather than threaten);
3) Greece will not leave the taxpayer on the hook for their actions (at home or in other Member States).

This is markedly stark in contrast with SF and the other leftists in Ireland. Firstly, I don't think there is a single person who could go on the radio and be as blunt, honest and straightforward as this man. Secondly, our leftist parties do not have a clear plan nor do they have an aim to ensure that we are not further damaged by their actions.

I have to say if this guy was running in Ireland, even I would consider voting for him!

BoJack Horseman

FreudianSlippers wrote: »

1) Greece will not leave the Eurozone by choice;
2) Greece will not default on their debt (they intend to negotiate rather than threaten);
3) Greece will not leave the taxpayer on the hook for their actions (at home or in other Member States).

Welcome to hear.

But its not what they were saying in opposition.

It seems the rhetoric of the left is utterly incompatible with good governance.

gandalf

stuar wrote: »

Ask Providence Resources.......


Night, Night...

Typical avoiding the question.

FreudianSlippers

FreudianSlippers wrote: »

I heard the new nominee for Greek finance minister on Newstalk this morning and I have to say, I found him eloquent and intelligent - a far cry from the leftist parties that we have here. Vitally, I draw some interesting points of distinction:

1) Greece will not leave the Eurozone by choice;
2) Greece will not default on their debt (they intend to negotiate rather than threaten);
3) Greece will not leave the taxpayer on the hook for their actions (at home or in other Member States).

This is markedly stark in contrast with SF and the other leftists in Ireland. Firstly, I don't think there is a single person who could go on the radio and be as blunt, honest and straightforward as this man. Secondly, our leftist parties do not have a clear plan nor do they have an aim to ensure that we are not further damaged by their actions.

I have to say if this guy was running in Ireland, even I would consider voting for him!

Link for anyone interested in listening.

ThisRegard

gandalf wrote: »

LOL it's a bit early to say that the new Greek Government have achieved anything.

Paul Murphy believes austerity ended at the time of election, and unlimited money was also delivered at that point.

smcgiff

FreudianSlippers wrote: »

2) Greece will not default on their debt (they intend to negotiate rather than threaten);

And what happens WHEN the EU tells them, we'd actually like all our money back, thanks.

That's the impasse.

dlouth15

smcgiff wrote: »

And what happens WHEN the EU tells them, we'd actually like all our money back, thanks.

That's the impasse.

That would amount to the EU forcing Greece into unilateral action.

FreudianSlippers

smcgiff wrote: »

And what happens WHEN the EU tells them, we'd actually like all our money back, thanks.

That's the impasse.

My gut feeling is that there will be a suspension of the debt until Greece / Ireland are in net surplus.

BoJack Horseman

FreudianSlippers wrote: »

My gut feeling is that there will be a suspension of the debt until Greece / Ireland are in net surplus.

Both countries are back in primary surplus already.

The overall deficit is just down to debt servicing

It would probably take Ireland 3-4 more years to reach full surplus..... Greece, probably longer.

FreudianSlippers

BoJack Horseman wrote: »

Both countries are back in primary surplus already.

The overall deficit is just down to debt servicing

It would probably take Ireland 3-4 more years to reach full surplus..... Greece, probably longer.

I did mean full surplus sorry. Re primary surplus,
both are notional though aren't they?

what could be the other milestone for an epic kick down the road?

smcgiff

dlouth15 wrote: »

That would amount to the EU forcing Greece into unilateral action.

No, the choice still remains with Greece.

Permabear

This post has been deleted.

oceanman

smcgiff wrote: »

And what happens WHEN the EU tells them, we'd actually like all our money back, thanks.

That's the impasse.

Greece cant afford to pay it back at the present terms so there will have to be a big restructure ......ie kick the debt years down the road so its never probably going to be paid back!
in the meantime its time for the EU to get the check book out again
Greece have a better hand to play than we think.

BoJack Horseman

oceanman wrote: »

Greece cant afford to pay it back at the present terms so there will have to be a big restructure ......ie kick the debt years down the road so its never probably going to be paid back!
in the meantime its time for the EU to get the check book out again
Greece have a better hand to play than we think.

I imagine Greece will indeed get an elongated term of repayment.... & probably get a lower interest rate.

However, if they think they can get another write down on the capital and beg for more money and go back to a budget deficit, they will be politely told: no.

You can't act tough to the bank manager one day & beg for more help the next.

For Reals

Galwayguy35 wrote: »

The left in Greece got what the left in Ireland don't want, they were put into Government.

Eh...aren't Labour still claiming to be left? To be fair in practice, no, but still.

Galwayguy35 wrote: »

Like over here they told everyone what they wanted to hear, now that they are actually given the job of running the country it will be interesting to see how this pans out.

Great switcharoo there boss. Surely you mean Fine Gael? You can't accuse our 'da left', (Shredder, Skeletor and C.O.B.R.A, as I imagine you and others on here view 'the left') of making pre-election promises and not following through. That's Fine Gael territory and to the extent they can be still viewed as a viable party at all, labour.

Long may we continue to allow Fianna Fail push us over the abyss, get scolded by Fine Gael and bring Fianna Fail back in!

Galwayguy35

For Reals wrote: »

Eh...aren't Labour still claiming to be left? To be fair in practice, no, but still.



Great switcharoo there boss. Surely you mean Fine Gael? You can't accuse our 'da left', (Shredder, Skeletor and C.O.B.R.A, as I imagine you and others on here view 'the left') of making pre-election promises and not following through. That's Fine Gael territory and to the extent they can be still viewed as a viable party at all, labour.

Long may we continue to allow Fianna Fail push us over the abyss, get scolded by Fine Gael and bring Fianna Fail back in!

Well "boss" I was listening to one of the representatives of the Left earlier on tonight.

Ruth Coppinger was on the Vincent Browne show, she's like a broken record at this stage, gave out yards about the Government but no policies of her own.

BoJack Horseman

Galwayguy35 wrote: »

Ruth Coppinger was on the Vincent Browne show, she's like a broken record at this stage, gave out yards about the Government but no policies of her own.

Members of the communist fringe uttering actual policy may be as rare as a unicorn brawl on Merrion Square under a blue moon.

But on those special rare occasions when they do, the crazy just can't help come out

(Some audio from Komrade Ruthovich Koppingisky.... For chuckles)
http://www.newstalk.com/player/listen_back/8/14013/04th_November_2014_-_Moncrieff_Part_1

For Reals

Galwayguy35 wrote: »

Well "boss" I was listening to one of the representatives of the Left earlier on tonight.

Ruth Coppinger was on the Vincent Browne show, she's like a broken record at this stage, gave out yards about the Government but no policies of her own.

There you go comrade, "I was listening to one of the representatives of the Left". It's not one big party you know. Are Fianna Fail and Fine Gael one big party? ...oh..wait

Also having no policies, (in your view) and being in government chopping and changing as the wind blows are not that different.

For Reals

BoJack Horseman wrote: »

Members of the communist fringe uttering actual policy may be as rare as a unicorn brawl on Merrion Square under a blue moon.

But on those special rare occasions when they do, the crazy just can't help come out

(Some audio from Komrade Ruthovich Koppingisky.... For chuckles)
http://www.newstalk.com/player/listen_back/8/14013/04th_November_2014_-_Moncrieff_Part_1

In the interest of continuity....

Members of the jack booted right in this country come out with all sorts of insane nonsense but if swept under the imperialistic rug of Herr Führer, it's shrugged off as if it were a minister sexually harassing a female colleague at a Dail debate.

"Mr Coonan told the Dáil the State was facing “what is potentially an Isis situation” if anti-water charge protesters were allowed to continue with their demonstrations."
http://www.irishtimes.com/news/politics/state-faces-potential-isis-situation-over-water-protests-1.2009289

"Mr Barry last week pulled colleague Aine Collins on to his lap during a late-night Dail sitting on the abortion bill."
http://www.independent.ie/irish-news/politics/lapgate-td-apologises-to-colleagues-29429525.html

Galwayguy35

For Reals wrote: »

There you go comrade, "I was listening to one of the representatives of the Left". It's not one big party you know. Are Fianna Fail and Fine Gael one big party? ...oh..wait

Also having no policies, (in your view) and being in government chopping and changing as the wind blows are not that different.

No it's not one party but they are all singing from the same hymn sheet, secondly I stand over what I said about policies, or in this case lack of them.

When pushed on it all we hear is "tax the rich", especially from Boyd Barrett who gets very flustered when asked to be more specific on an alternative way to what's on offer.

But sure they will get elected by people who can't see past the guy putting down the water meter outside their wall.

PeadarCo

Galwayguy35 wrote: »

No it's not one party but they are all singing from the same hymn sheet, secondly I stand over what I said about policies, or in this case lack of them.

When pushed on it all we hear is "tax the rich", especially from Boyd Barrett who gets very flustered when asked to be more specific on an alternative way to what's on offer.

But sure they will get elected by people who can't see past the guy putting down the water meter outside their wall.

To be fair its not a problem associated solely with the left. Opposition in Ireland in Ireland is about criticizing the government not actually producing alternative policies.

Even the term left/right wing is a misnomer in Ireland. Fine Gael supposedly right wing have be criticized by so called left wing parties for implementing the property tax a form of wealth taxation. Any genuine left wing party should have been celebrating not out on the street protesting.

Even Sinn Fein when the chance came up in NI they backed down when push came to shove. No reason they wouldn't do the same if they'd been given the chance here. Whatever about their history, in more recent times in Northern Ireland they have a good record of doing massive u-turns that benefit people as a whole.

For Reals

Galwayguy35 wrote: »

No it's not one party but they are all singing from the same hymn sheet, secondly I stand over what I said about policies, or in this case lack of them.

When pushed on it all we hear is "tax the rich", especially from Boyd Barrett who gets very flustered when asked to be more specific on an alternative way to what's on offer.

But sure they will get elected by people who can't see past the guy putting down the water meter outside their wall.

Where as Fianna Fail and Fine Gael tax the poor to bolster the position of the rich, or am I generalising too much here?

For Reals

PeadarCo wrote: »

To be fair its not a problem associated solely with the left. Opposition in Ireland in Ireland is about criticizing the government not actually producing alternative policies.

Even the term left/right wing is a misnomer in Ireland. Fine Gael supposedly right wing have be criticized by so called left wing parties for implementing the property tax a form of wealth taxation. Any genuine left wing party should have been celebrating not out on the street protesting.

Even Sinn Fein when the chance came up in NI they backed down when push came to shove. No reason they wouldn't do the same if they'd been given the chance here. Whatever about their history, in more recent times in Northern Ireland they have a good record of doing massive u-turns that benefit people as a whole.

You have no basis to measure this because we've never had a left, or viewed as left government. And by who's compass are any party left except by how they treat the lowly tax payer who never set foot in the K club?
It's sickening the way people post on here crying foul should the wealthy be taxed, like it's a scandal, but we bleed dry the working poor everyday and that's okay if it makes the books balance, the books mind you not quality of life. It's not all as matter of fact as you post above, well depends on your station I suppose.

BoJack Horseman

For Reals wrote: »

Where as Fianna Fail and Fine Gael tax the poor to bolster the position of the rich, or am I generalising too much here?

Yes, ridiculously & innacurately so

You probably know that though

yipeeeee

For Reals wrote: »

You have no basis to measure this because we've never had a left, or viewed as left government. And by who's compass are any party left except by how they treat the lowly tax payer who never set foot in the K club?
It's sickening the way people post on here crying foul should the wealthy be taxed, like it's a scandal, but we bleed dry the working poor everyday and that's okay if it makes the books balance, the books mind you not quality of life. It's not all as matter of fact as you post above, well depends on your station I suppose.

Define the poor please?

PeadarCo

For Reals wrote: »

You have no basis to measure this because we've never had a left, or viewed as left government. And by who's compass are any party left except by how they treat the lowly tax payer who never set foot in the K club?
It's sickening the way people post on here crying foul should the wealthy be taxed, like it's a scandal, but we bleed dry the working poor everyday and that's okay if it makes the books balance, the books mind you not quality of life. It's not all as matter of fact as you post above, well depends on your station I suppose.

So basically your quoting my post but ignoring everything I said, not a type of debating that interests me.

Ave Sodalis

OP ignoring the rest of your post for the moment... you can't just produce and produce, and fish and fish until our heart's content. You'll exhaust the resources quicker than you can replenish them. Caps are there for a reason.

tralalala

"For starters tell the IMF, ECB and the bond holders/gamblers should be told to feck off."

Borrow to pay for our pensions and benefits, then do not pay back plus giving the fingers = stealing.

Thanks to the "gamblers" who lended money to Ireland in time of need.


" Get out of the EU, get rid of the euro and back to the punt"

Say goodbye to all the EU funded transport projects, thanks for the free roads and railways suckers.
Say goodbye to all the US companies and factories.


"become sovereign again."

want to be managed by the idiot Irish politicians, who have no clue what they are doing ? (housing bubble, irish crisis 2009, abortion laws from the XIX century)?


" Export as much as we wish, to who we wish, do away with farmers subsidies to not grow good crops on good fertile land, most our land is wasted on doing nothing."

If all European countries do this, nasty price war with terrible consequences

RecordStraight

stuar wrote: »

Export as much as we wish, to who we wish, do away with farmers subsidies to not grow good crops on good fertile land, most our land is wasted on doing nothing.

Uh...81% is in pasture. Pasture isn't land that isn't in use. That's where we grow cows.

View

For Reals wrote: »

Where as Fianna Fail and Fine Gael tax the poor to bolster the position of the rich, or am I generalising too much here?

The average poor person is a net recipient of monies from the State - it is hard to see how that counts as bolstering the position of anyone else in society.

RecordStraight

For Reals wrote: »

Where as Fianna Fail and Fine Gael tax the poor to bolster the position of the rich, or am I generalising too much here?

The vast majority of people in Ireland pay no tax at all, net of benefits received. The people who do pay tax? The wealthier folks.

Courtesy of TCD's Ronan Lyons:

And now, to reveal the answers, with some interesting facts about Ireland’s income tax system along the way:
Ireland’s top 0.5% of earners, the 11,714 people who earned more than €275,000 in a year, paid almost 18% of all income tax, over €2bn in total. Their average tax rate was 27.5%.
Almost 770,000 people earned less than €17,000. Understandably, given tax credits, these workers paid a tiny amount of tax, €20m in total. Their average tax rate was about 0.5%.
It’s in the middle, though, where things seem to go all screwy. The median earner, earning about €25,000, paid just 4% in income tax! As I argued before, we seem to have got ourselves into a situation where the typical Irish worker pays hardly any income tax and yet seems to think they are heavily taxed.
So, to go back to the quiz above, the answers are:
Option 4 – the average millionaire pays six times the income tax rate of the average worker. There’s one thing the system ain’t and that’s regressive!
Option 5 – amazingly, two thirds of the 2.2m people paying income tax in Ireland paid an average rate of less than 10%.
Option 1 – as per above, the median earner pays about 4% in income tax in Ireland, compared to 20% in the OECD.

AlekSmart

RecordStraight wrote: »

The vast majority of people in Ireland pay no tax at all, net of benefits received. The people who do pay tax? The wealthier folks.

Courtesy of TCD's Ronan Lyons:

And now, to reveal the answers, with some interesting facts about Ireland’s income tax system along the way:
Ireland’s top 0.5% of earners, the 11,714 people who earned more than €275,000 in a year, paid almost 18% of all income tax, over €2bn in total. Their average tax rate was 27.5%.
Almost 770,000 people earned less than €17,000. Understandably, given tax credits, these workers paid a tiny amount of tax, €20m in total. Their average tax rate was about 0.5%.
It’s in the middle, though, where things seem to go all screwy. The median earner, earning about €25,000, paid just 4% in income tax! As I argued before, we seem to have got ourselves into a situation where the typical Irish worker pays hardly any income tax and yet seems to think they are heavily taxed.
So, to go back to the quiz above, the answers are:
Option 4 – the average millionaire pays six times the income tax rate of the average worker. There’s one thing the system ain’t and that’s regressive!
Option 5 – amazingly, two thirds of the 2.2m people paying income tax in Ireland paid an average rate of less than 10%.
Option 1 – as per above, the median earner pays about 4% in income tax in Ireland, compared to 20% in the OECD.

Ah yes..BUT !... Denis O'Brien took a sickie that day....another cunning tax-evading stunt....:D

Good loser

Has anybody heard are Syriza going to abolish Property Tax and Water Charges?

I did hear a quite long list of what they plan to do - but these weren't in it.

ArmaniJeanss

stuar wrote: »

Get out of the EU, get rid of the euro and back to the punt, become sovereign again.

........
Export as much as we wish, to who we wish, do away with farmers subsidies to not grow good crops on good fertile land, most our land is wasted on doing nothing.

And what happens if (and its likely) the EU puts €50K a tonne tariffs on our food exports, in order to correctly protect their own beef/dairy/pig farmers.

RecordStraight

ArmaniJeanss wrote: »

And what happens if (and its likely) the EU puts €50K a tonne tariffs on our food exports, in order to correctly protect their own beef/dairy/pig farmers.

We'll just bribe them with our massive oil wealth.