Protecting yourself against the impending Sinn Fein "Wealth" grab

Ham_Sandwich

Sinn Fein are only going to grab money off the landlords and the bankers ordinary people will be looked after with housing health and education they will make this budget look stingey wait until you see

blanch152

https://www.boards.ie/discussion/comment/119676127#Comment_119676127

Is that a wind-up?

Seriously, you can't believe that.

The only wealth tax in Ireland is the LPT, yet SF oppose it.

straight

Sinn féins wealth grab according to Eddie Hobbs

https://www.instagram.com/reel/CzllLeIshMT/

silliussoddius

https://www.boards.ie/discussion/comment/121372043#Comment_121372043

Does it involve investing in Detroit?

This sums up SF's wealth "grabbing" quite well IMO.....

Annasopra

https://www.boards.ie/discussion/comment/119664778#Comment_119664778

No. Taxation isn't about grabbing wealth its about investing in public services.

Mad how anti tax people always want roads and libraries and water and hospitals and schools but just never their taxes to pay for them.

hymenelectra

How hard does one have to "work" with the likes of "rental investments", note on plurality, during an unprecedented near decade long housing crisis?

Maybe when you're on the way to the airport you might give a homeless person a euro.

amacca

https://www.boards.ie/discussion/comment/121372070#Comment_121372070

This is one time I haven't found hobbs to be a charlatan ....

Wanderer78

https://www.boards.ie/discussion/comment/121372043#Comment_121372043

......hahahaha hobbs! seriously! fcuking hell!

Wanderer78

...id say theres a good chance if folks do decide to leave eddie, they probably wont be bringing assets such as property and land with them there!

....oh and its not a foregone conclusion that sf will lead the next government, theres actually still a chance of another ffg lead one, or a hung dail, so relax there eddie, seriously!

mariaalice

SF and FF would be at each others throths with in a year it will be interesting to see how it works out.

AndrewJRenko

https://www.boards.ie/discussion/comment/121372621#Comment_121372621

Ask him how the investments he was touting in Cape Verde worked out? Hobbs lost all credibility a long time ago, Cape Verde, Detroit, Renua and tumbled right down the anti-vax rabbit hole in the pandemic. He's a lost cause.

BlueSkyDreams

https://www.boards.ie/discussion/comment/119676127#Comment_119676127

I hope, for your own sake, that you are joking.

BlueSkyDreams

https://www.boards.ie/discussion/comment/121372794#Comment_121372794

Nah...it would be more interesting if it just didnt happen.

BlueSkyDreams

https://www.boards.ie/discussion/comment/121372745#Comment_121372745

Indeed.

SF a long way off still from getting into govt.

Its really up to FF who they decide to partner with.

Montage of Feck

At least we have euros and won't have to worry about hyper inflation.

amacca

https://www.boards.ie/discussion/comment/121373306#Comment_121373306

Oh agreed, I have no regard for the man after listening to his nonsense for years however in the case of SF I'd have zero faith in them too.

Shoog

NAMA showed that the property class has the government by the balls. I do not predict any change soon so I also do not predict that SF will be able to deliver on their promises to solve the housing crisis.

As such it will fairly much be business as usual under a SF led government.

m2_browning

https://www.boards.ie/discussion/comment/121374970#Comment_121374970

NAMA turned a profit for taxpayers didnt it?

Shoog

https://www.boards.ie/discussion/comment/121377260#Comment_121377260

... And all the developers washed their debts away with it.

Kermit.de.frog

Anyone who votes for SF deserves the outcomes that will come in my opinion.

Those who say "they can't be any worse" - oh it can be a whole lot worse.

There was an article in the Irish Times today saying the other parties should support a SF minority government and sit back.

Geuze

https://www.boards.ie/discussion/comment/121374970#Comment_121374970

SF plan to increase stamp duty on commercial property to 12.5%, hoping that will divert labour and capitall to residential construction.

Shoog

https://www.boards.ie/discussion/comment/121378344#Comment_121378344

Not a bad idea considering there is still a huge surplus of commercial buildings and a building trade that only want to build more.

astrofool

https://www.boards.ie/discussion/comment/121378575#Comment_121378575

Previous commercial permissions are now being re-submitted for residential or to include residential components. This is the same level of thinking as taxing text messages while also killing what's left of commercial developments.

blanch152

https://www.boards.ie/discussion/comment/121378344#Comment_121378344

If you increase stamp duty on commercial property to 12.5%, big investors won't want to purchase commercial property, it will be cheaper to build new commercial property than purchase and refurbish. Older stock will be left go derelict. So perverse outcome is more labour and capital diverted to new commercial construction and continuing degradation of city centres.

Dtoffee

SF gained power and are growing their suport in the North...... how can such an anti-wealth party do that?

All this hysteria is based on fear of loss and the very reason FF/FG has held power to date.

There is NO evidence that SF will kill the economy and do any worse that the current lot and their Capital Gains Tax etc.

In my opinion, there is plenty of money to run the country and lower taxes if the quango's and perks were removed ........ FG/FF have spend far too much money on talk shops amongst their mates. Remember the promises to reform the Seanad three years ago following the vote showing 48% wanted to abolish it? well year on year the cost of that same Seanad has gone up and up while we are still talking shop. The new Childrens Hospital seems to be the biggest money pit in the world as every second the price goes up and yet no one asks how are they going to staff it considering the housing crisis in Dublin and the fact that they can't even staff the existing hospitals?

I will vote SF next election, purely because FF/FG have consistently failed in their duty of care to the working prsi people...... the hospital crisis is non stop, the housing crisis is a shamble's of their making and I am sick of hearing the same waffle. For example, 'the Gov has spent X million on the housing crisis' and not one media lackey will ask the obvious question : 'how much of that money was spent on actual bricks and mortar?' because that is what's needed.

Fear of change is what has enabled FF/FG turn politics into Lanigans Ball in this country and I have had enough of the devil I know.

blanch152

https://www.boards.ie/discussion/comment/121379234#Comment_121379234

Your first sentence says it all.

Sinn Fein have gained power in the North. They have held the seat in West Belfast for over four decades, turning it into the most deprived region in the UK - pretty much clear and unequivocal evidence that they are anti-wealth.

m2_browning

https://www.boards.ie/discussion/comment/121379234#Comment_121379234

The north is much poorer than the Republic

Finty Lemon

There is no shortage of money spent on services in Ireland! It is not a case of need more wealth tax needed but a long and difficult look at how that funding is spent. Take health as the primary example, Ireland is 3rd in Europe (just behind France and Germany) on health spend as % of GDP.

The health spending budget has increased from €10 to 18 billion since 2015. The SF outcry is this has been wasted, and to some extent that can be argued. But of the extra €8 billion spent, €6billion of that has gone on salaries alone. The 'wasted money' that they talk about is in the pockets of the health system staff (well earned as it is for the most part).

SF call for more wages for staff but at the same time call for more efficient use of health funding. If they want to drive efficiencies in health spending they will have to tackle the black hole that is salaries. I doubt very much they will have the stomach for that.

They can't have it both ways but as usual they will try.

Bobson Dugnutt

The idea of having an intellectual dullard like Doherty in charge of the purse strings is sobering.