"The Economy is in a Sweet Spot"

Del.Monte

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

GooglePlus

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

They don't care as long as everything looks good on paper.

ELM327

Considering we have reached peak growth and growth has been slowing down since late Q4 '18, he is right, it's getting worse from here.

Recession imminent, 18-24 months. Italy already in recession, germany on the cusp

Blueshoe

ELM327 wrote: »

Considering we have reached peak growth and growth has been slowing down since late Q4 '18, he is right, it's getting worse from here.

Recession imminent, 18-24 months. Italy already in recession, germany on the cusp

I hope so

Idbatterim

Splinter is a magician, he has hundreds of thousands of working fools tricked into buying, that he actually represents the "early risers" interests :rolleyes: E1.50 a week usc reduction for a worker on E1.50 on roughly 34,000 a week the last few budgets. You have to be on 55,000 a year, to get the fiver that our industrious welfare wasters gets. Rocketing property costs. The latest idea of turning us into a nation of lifelong renters must be Splinters boyhood wet-dream come true! the most important thing, a roof over your head and security / stability, and they are doing their best to turn us into a nation of renting serf wh0res to the likes of Kennedy wilson.

Go collect your gold star from them you RAT vardadkar! I dont doubt the economy is growing, but dont tell me for a second that things are improving for all working people. Many of my mates and myself, living standards are going down, when you factor in the ridiculous cost of property!

You can take in many of your blinkered supporters with your spin and propaganda you narcissistic, sociopath fraud! But years of being lied to and many people wont be fooled another election!

Op you forgot to mention the biggest scandal, working people forking out over FIFTY percent of their income, paying a FIFTY percent marginal rate and getting SFA back, except to hear from the bleeding heart fool Joe Duffy and RTE, about how hard it is living on the worlds most generous welfare scheme and being homless put up in the likes of the Gresham, which working idiot would pay several hundred a night for!

Now dont get me wrong, I have compassion for many of the homeless! But is anyone interested in the "homed" working poor?

Cina

Almost everything you've listed in the OP has nothing to do with the economy.

whiskeyman

Must be an election on the way...

Idbatterim

whiskeyman wrote: »

Must be an election on the way...

seems so! Splinter might toss back E2 this budget to those earning around E34,000!

rgodard80a

Del.Monte wrote: »

Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

No, I'm sure there's others that don't understand the meaning of "economy" too.

Church on Tuesday

Not in the West it's not.

But sure, who cares.

Grandeeod

Cina wrote: »

Almost everything you've listed in the OP has nothing to do with the economy.

rgodard80a wrote: »

No, I'm sure there's others that don't understand the meaning of "economy" too.

Do both of you agree that the economy is in a sweet spot and as a nation we are doing well with lots of opportunities for all citizens to have happy and fulfilling lives?

ELM327

Grandeeod wrote: »

Do both of you agree that the economy is in a sweet spot and as a nation we are doing well with lots of opportunities for all citizens to have happy and fulfilling lives?

I agree with that
Plenty of jobs and opportunities for those who are willing to work for them

mloc123

The issues you list are all problems with society, not the economy

The economy IS good now, country is at full employment... people have money to spend and are spending it which is driving retail and hospitality.

Cina

Grandeeod wrote: »

Do both of you agree that the economy is in a sweet spot and as a nation we are doing well with lots of opportunities for all citizens to have happy and fulfilling lives?

I agree that the economy is in a sweet spot.

To your second, unrelated question, I'm 50/50. Opportunities are aplenty right now for people willing to find them but there are issues with healthcare, cost of living, childcare etc. that will prevent some from living "happy and fulfilling lives". These all have absolutely zilch to do with the economy.

Amirani

Del.Monte wrote: »

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

And what utopia would you be gone to that hasn't got any of these (or similar) issues?

Deebles McBeebles

ELM327 wrote: »

Recession imminent, 18-24 months. Italy already in recession, germany on the cusp

Sweet. Estate agents beware, winter is coming.

Ray Bloody Purchase

Things could be worse. I've a few pound in my pocket and nothing to worry about.

Relax comrade.

Gimme A Pound

Idbatterim wrote: »

Splinter is a magician, he has hundreds of thousands of working fools tricked into buying, that he actually represents the "early risers" interests :rolleyes: E1.50 a week usc reduction for a worker on E1.50 on roughly 34,000 a week the last few budgets. You have to be on 55,000 a year, to get the fiver that our industrious welfare wasters gets. Rocketing property costs. The latest idea of turning us into a nation of lifelong renters must be Splinters boyhood wet-dream come true! the most important thing, a roof over your head and security / stability, and they are doing their best to turn us into a nation of renting serf wh0res to the likes of Kennedy wilson.

Go collect your gold star from them you RAT vardadkar! I dont doubt the economy is growing, but dont tell me for a second that things are improving for all working people. Many of my mates and myself, living standards are going down, when you factor in the ridiculous cost of property!

You can take in many of your blinkered supporters with your spin and propaganda you narcissistic, sociopath fraud! But years of being lied to and many people wont be fooled another election!

Op you forgot to mention the biggest scandal, working people forking out over FIFTY percent of their income, paying a FIFTY percent marginal rate and getting SFA back, except to hear from the bleeding heart fool Joe Duffy and RTE, about how hard it is living on the worlds most generous welfare scheme and being homless put up in the likes of the Gresham, which working idiot would pay several hundred a night for!

Now dont get me wrong, I have compassion for many of the homeless! But is anyone interested in the "homed" working poor?

Anyone else enjoy this person's regular foaming-at-the-mouth meltdowns?

Cina wrote: »

Almost everything you've listed in the OP has nothing to do with the economy.

Pffft... what do ya be wantin' truth and facts and accuracy for?

uch

I wish it'd get into a sour spot, I miss the Public service bashing threads

Idbatterim

Idbatterim wrote: »

Splinter is a magician, he has hundreds of thousands of working fools tricked into buying, that he actually represents the "early risers" interests :rolleyes: E1.50 a week usc reduction for a worker on E1.50 on roughly 34,000 a week the last few budgets. You have to be on 55,000 a year, to get the fiver that our industrious welfare wasters gets. Rocketing property costs. The latest idea of turning us into a nation of lifelong renters must be Splinters boyhood wet-dream come true! the most important thing, a roof over your head and security / stability, and they are doing their best to turn us into a nation of renting serf wh0res to the likes of Kennedy wilson.

Go collect your gold star from them you RAT vardadkar! I dont doubt the economy is growing, but dont tell me for a second that things are improving for all working people. Many of my mates and myself, living standards are going down, when you factor in the ridiculous cost of property!

You can take in many of your blinkered supporters with your spin and propaganda you narcissistic, sociopath fraud! But years of being lied to and many people wont be fooled another election!

Op you forgot to mention the biggest scandal, working people forking out over FIFTY percent of their income, paying a FIFTY percent marginal rate and getting SFA back, except to hear from the bleeding heart fool Joe Duffy and RTE, about how hard it is living on the worlds most generous welfare scheme and being homless put up in the likes of the Gresham, which working idiot would pay several hundred a night for!

Now dont get me wrong, I have compassion for many of the homeless! But is anyone interested in the "homed" working poor?

It is very unlikely that you pay an effective tax rate of over 50%

JohnnyFlash

Deebles McBeebles wrote: »

Sweet. Estate agents beware, winter is coming.

Estate agents are already worried. I was boning a horny estate agent just after Christmas, and she was telling me that lack of affordability means gaffs are very low to sell. I

ELM327

downtheroad wrote: »

It is very unlikely that you pay an effective tax rate of over 50%

+1
My income is quite a bit above the 55k threshold quoted by the OP and my effective tax rate is around 30-33%

ELM327

ELM327 wrote: »

+1
My income is quite a bit above the 55k threshold quoted by the OP and my effective tax rate is around 30-33%

Pension contributions would bring that tax rate down further if you can afford it and not already doing so.

Tacklebox

Looks like vegetable gardening and fishing is going to be popular soon again...

The road's will be quite in the morning and I'll still have my cushy state job....

Roll on the next recession I'm ready for it, yeeeehawwee....

Umbrellas up and ready to jump

Like a donkey following a carrot...

rgodard80a

JohnnyFlash wrote: »

I was boning a horny estate agent just after Christmas, and she was telling me that lack of affordability means gaffs are very low to sell.

She really knew how to talk dirty.
Or maybe it was more interesting than what was going on under the sheets.

techdiver

ELM327 wrote: »

+1
My income is quite a bit above the 55k threshold quoted by the OP and my effective tax rate is around 30-33%

Whilst I agree this is true, for every penny above the standard rate cut off you earn you lose 52% of it. It sickening to be honest.

Not to mention that single income households are creamed due to tax individualisation.

The_Kew_Tour

Just hope it's not as bad as 2008 to 2013. Tough times for so many.

Although was able but house out of it.

Balanadan

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

I wish you'd **** off with your negativity.

ELM327

techdiver wrote: »

Whilst I agree this is true, for every penny above the standard rate cut off you earn you lose 52% of it. It sickening to be honest.

Not to mention that single income households are creamed due to tax individualisation.

I'm aware of that, however for anyone to claim that 52% of their income is taken in tax is moronic.


52% of your income above ~34k is taken.
Below 34k the rate is lower and a lot of the first 10k+ is tax free.


Hence the difference between marginal rate and effective/net rate

setanta1000

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

Ah... do you have an election manifesto that people of similar thinking can get behind and put your thoughts to the nation and see how many people you get to vote for you?

I for one took 5 minutes to research the statistics behind the IBEC statement and found that it is, in fact, correct...

Your Face

Del.Monte wrote: »

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

I hate these type of phrases.

Ray Bloody Purchase

Your Face wrote: »

I hate these type of phrases.

It's the type of stupid phrase you'd hear from some dickweed 'live' broadcasting their manifesto on facetime whilst on the jacks.

A hollow vessel makes the most noise.

Farawayhome

The split between rich and poor is at a shocking level. Think how hard it is to pay for a mortgage, rent, weekly expenses etc. Now think of how hard it is to afford these things when you're earning 30k and less! There's a lot of people on 20-25k who are really struggling.

Deebles McBeebles

Farawayhome wrote: »

The split between rich and poor is at a shocking level. Think how hard it is to pay for a mortgage, rent, weekly expenses etc. Now think of how hard it is to afford these things when you're earning 30k and less! There's a lot of people on 20-25k who are really struggling.

You can up that number by about 10 grand.

techdiver

ELM327 wrote: »

I'm aware of that, however for anyone to claim that 52% of their income is taken in tax is moronic.


52% of your income above ~34k is taken.
Below 34k the rate is lower and a lot of the first 10k+ is tax free.


Hence the difference between marginal rate and effective/net rate

Agreed.

Just ranting about the low (imo) cutoff rate.

Allinall

Farawayhome wrote: »

The split between rich and poor is at a shocking level. Think how hard it is to pay for a mortgage, rent, weekly expenses etc. Now think of how hard it is to afford these things when you're earning 30k and less! There's a lot of people on 20-25k who are really struggling.

Minister for the bleed'n obvious.

In other news, fat people tend to eat more than others.

Neither points have anything to do with the thread.

setanta1000

Farawayhome wrote: »

The split between rich and poor is at a shocking level. Think how hard it is to pay for a mortgage, rent, weekly expenses etc. Now think of how hard it is to afford these things when you're earning 30k and less! There's a lot of people on 20-25k who are really struggling.

Nobody is saying this isn't the case but they are saying that real incomes have increased:
In its latest 'Quarterly Economic Outlook Q1 2019', Ibec says per-person household income is at a record high and growing 6pc annually. That trend has been flattered by low inflation boosting the impact of wage growth.
"Since 2015, Irish households have seen growth of real income, per person, of just over 11pc cumulatively. UK households on the other hand saw their incomes fall by 1.2pc over the same period," the Ibec report said.

Farawayhome

Deebles McBeebles wrote: »

You can up that number by about 10 grand.

Well yes, even people on higher than that. Just think of the day to day struggle for those on 20k though.

Farawayhome

Allinall wrote: »

Minister for the bleed'n obvious.

In other news, fat people tend to eat more than others.

Neither points have anything to do with the thread.

People always go on about the squeezed middle, it's the lower income earners who are really struggling.

Cordell

Farawayhome wrote: »

The split between rich and poor is at a shocking level.

The split between the poor people of the world and the poor in Ireland is even more shocking.

Deebles McBeebles

Farawayhome wrote: »

Well yes, even people on higher than that. Just think of the day to day struggle for those on 20k though.

Oh yeah, I'm not disagreeing. Just pointing out that even the "average industrial wage" earners are struggling now too.

Farawayhome

Cordell wrote: »

The split between the poor people of the world and the poor in Ireland is even more shocking.

Yes and then think of the gap between the poor in the world and the rich in Ireland!

Farawayhome

Deebles McBeebles wrote: »

Oh yeah, I'm not disagreeing. Just pointing out that even the "average industrial wage" earners are struggling now too.

And we hear nothing about it. These people have no voice. Those in the Dáil who say anything about it are dismissed as loony lefties. Instead, we hear constant moaning about the squeezed middle. Truth is that they are living the high life compared to many in this state.

devlinio

The economy is booming though. Irelands a great place to be atm.

Idbatterim

downtheroad wrote: »

It is very unlikely that you pay an effective tax rate of over 50%

did I say I paid an effective rate of FIFTY percent, I said the marginal rate of tax over the pittance of around 35,000 is 50%! You can tell when someone else doesnt pay it. You think they should come and take more than the fifty percent do you?

Ive employees who wont work extra hours because of it and they are right. I wouldnt either! Its a real "win" though, an alleged pro enterprise and work party, hitting the working poor with that farce of a rate...

Blueshoe

Blueshoe wrote: »

I hope so

WTF why??? are you on the labour or something?? or an undertaker???

ToddyDoody

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago

The man from Del Monte says no.

Assetbacked

Home owners have benefitted in recent years whereas renters have suffered more and more the past few years meaning that any talk of a slowdown will decrease new jobs and will allow the housing market to pick up its stock. This will benefit renters. Therefore, for renters, it is great news to hear of a slowdown in growth!

lawred2

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

this is the online equivalent of my folks coming to Dublin, tut tutting and saying "no recession around here hai" - as if there's technically a recession anywhere. Having a crap time of it personally does not mean a recession.

seriously absolutely nothing in that post has anything to do with the strength or health of the Irish economy.

just a load of party political moans...

no doubt you'll be out on the beat for some FF hack in the next while.

dxhound2005

If anyone knows a time in the past to which they want the economy to "recover" to, please post the year.

Geuze

downtheroad wrote: »

It is very unlikely that you pay an effective tax rate of over 50%

The poster mentioned a marginal income tax rate of 50%.

The poster did not mention an effective tax rate.

Many, many workers face 50% approx MTR on incomes over 35k approx. That is crazy.