Protecting yourself against the impending Sinn Fein "Wealth" grab

Geuze

https://www.boards.ie/discussion/comment/121379117#Comment_121379117

Is SD also paid on new build comm property?

Geuze

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

I agree with some of what you say.

You complain about waste and overspending in the HSE, and I agree with you, yet you plan to vote for SF, who will throw even more money at the HSE, without reforms.

I would love if SF tackles the doctors, the unions, drive efficiencies, introduce EHR, etc., but as they are a socialist party, they will pamper trade unions, and do whatever the unions want.

I would love to be proved wrong.

Quick example: we paid GP double what the UK paid to administer the COVID vaccine. Would SF be tough enough to reduce those fees?

blanch152

https://www.boards.ie/discussion/comment/121379815#Comment_121379815

Only if you sell it.

Developer owns a piece of land, developer builds office block, developer rents out office block. No transfer of ownership, no payment of stamp duty.

There may be stamp duty due on leases, but that is a separate issue.

Geuze

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

The new childrens hosp replaces two/three older hosps.

The older hosps will close, and the staff will move to the new hosp.

Temple St is 4km from the new hosp.

Crumlin Hosp is 2.5km from the new hosp.

Shoog

https://www.boards.ie/discussion/comment/121379837#Comment_121379837

The problem with overpaying is that the Dail is chock full of developers, landlords, Doctors and Lawyers. Turkey's never vote for Xmas or pay cuts.

SF are not so burdened so I would say, where they can, they will take on those vested interests. I forsee the various establishment elites playing hardball and crashing the economy to try to drive SF out. We will see.

BlueSkyDreams

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

Your frustration with the housing situation and govt spending is totally understandable and i think it reflects a lot of peoples opinions.

But there is good reason to think SF will nose dive the economy.

They are anti FDI. They want to increase taxes on highly paid mobile workers. The very people that generate all our income tax in the first place and that can easily move and work abroad if they are taxed into doing so.

They are unlikley to oversee the development of more homes and I think they will actually REDUCE the number of new completions, through their demonising of investment funds, many of whom make large scale developments viable in the first place!

SF logic is, remove the investment fund, so the 300 apartments will go to the private sale market.

Reality is, remove the funds and the development doesnt get built in the first place, because its not a safe investment for the developer. Especially facing into the economic headwinds we see today and for the forseeable.

As a side note - The current govt will exceed the housing target for this year and again next year, in all probability.

In summary, I get your frustration.

But change for changes sake is not a good reason to change - especially when the outlook for that new change looks bleak from the start.

Doc07

https://www.boards.ie/discussion/comment/121379882#Comment_121379882

reasonable point re vested interests although not sure about chock full, think there is one-two Doctors in Dail (and one in the Senate )

Also not sure we have a real ‘elite, elite’ as such who can stomach and/or benefit from crashing the economy just to spite/banish SF , akin to the so called elite Brexiters who apparently benefited from destroying UK

Dtoffee

https://www.boards.ie/discussion/comment/121379852#Comment_121379852

As the 2024 opening date for the new children's hospital at St James's creeps closer it's feared that the issue could lead to delays in recruiting enough staff.

https://www.dublinlive.ie/news/health/national-childrens-hospital-facing-chronic-26631725

My daughter is a nurse and she is adamant that they will have nowhere near enough staff as the current shortage is only getting worse and recruitment takes ages to have sanctioned.

blanch152

https://www.boards.ie/discussion/comment/121379882#Comment_121379882

If voting in SF will lead to crashing the economy, whether by outside forces in your opinion, or SF incompetence in mine, then surely voting for SF is the ultimate example of a turkey voting for Christmas?

AndrewJRenko

https://www.boards.ie/discussion/comment/121379117#Comment_121379117

So we need more dereliction and vacancy taxes as well, good point.

Dont Be at It

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

It did in its hat turn a profit. The initial value of the loans they "bought" for 33 billion was almost 80 billion. They turned a "profit" on this knockdown amount of about 3 billion. The real loss was over 40 billion.

The only winners with NAMA were the funds that bought the assets at knockdown value at the bottom of the market and flipped them within a few years for massive profit.

AndrewJRenko

https://www.boards.ie/discussion/comment/121379837#Comment_121379837

Comparing cash amounts internationally is meaningless. What's the cost of living living, cost of accommodation, cost of insurance for Irish doctors vs UK?

hymenelectra

Getting straight to the point, the purpose of an economy is improve society.

The Irish economy is not improving society.

The Irish economy is broken. Clinging to it like a chimpanzee as the be all and end all is precisely why we are where we are.

Has the booming economy translated into..

Better housing conditions? Laughable.

Increased staffing such as teachers, gardai, nurses, doctors and so? The absolute opposite.

Better healthcare? No chance.

Gleaming new infrastructure like hospitals, prisons, schools, transport, maybe even superflous aesthetic architecture and art? Not a chance.

Just consider the total failure above. It's not just one sector or one region failing, its the whole shebang.

The Irish economy is a two trick pony. Multinational tax scams, followed by migrant led asset inflation that benefits a tiny minority. That's it, that's all she wrote.

Everything has been sacrificed at the altar of this pholosophers stone, and it is working out precisely as one could have predicted years upon years ago.

If sinn fein tank the economy, good riddance. Just like a condemned building its going to collapse one way or the other because its very purpose is rotten.

m2_browning

https://www.boards.ie/discussion/comment/121380569#Comment_121380569

You need to travel more, I recommend starting with Sinn Fein administered Northern Ireland

Bobson Dugnutt

https://www.boards.ie/discussion/comment/121380569#Comment_121380569

Bang of student union PBP member off this tbh.

hymenelectra

https://www.boards.ie/discussion/comment/121380683#Comment_121380683

Fierce bang of reality, more like.

Wheres all the purported money gone?

The emperors new clothes is all it ever was, there's sweet fook all to show for a decade of economy economy economy economy, while the absence of it is glaring you in the face every second of the day.

Geuze

https://www.boards.ie/discussion/comment/121380569#Comment_121380569

Increased staffing such as teachers, gardai, nurses, doctors and so? The absolute opposite.

Your statement is false.

HSE headcount has increased strongly.

Have a look at the data:

https://www.hse.ie/eng/staff/resources/our-workforce/workforce-reporting/employment-reports.html

hymenelectra

https://www.boards.ie/discussion/comment/121380748#Comment_121380748

It's not about literal numbers.

If a business needs 100 extra staff to function, hires 50, it can boast about hiring 50 more people all it wants.

The point is that it's still 50 short.

Just watch out for practically any headline on the country at large "not enough this, not enough that, worse than ever" etc.

That's this whole country in a nutshell, illiterate economic bullsht that, a decade later, clearly doesn't add up.

Geuze

The HSE went from 119,813 staff to 143,075 in under four years.

That is an extra 23,262, or 19.5% extra in four years.

We over-spend on healthcare, relative to the age profile of our population.

When you hear anybody calling for more spending, bear in mind that we already overspend.

hymenelectra

https://www.boards.ie/discussion/comment/121380820#Comment_121380820

That's just more numbers that completely sidesteps demand.

To boot, if it were just about healthcare alone, it would be a complicated discussion. But when you see precisely the same results coming from just about every facet of society, schools, housing, prisons, transport and so on...all suffering eerie similarity, there's something much larger afoot.

A serious case of missing the forest because individual trees are in the way.

This stuff, despite best efforts at obfuscation, is super simplistic. There's nothing more elusive than the obvious and here's just one micro canary in the coalmine

https://www.irishtimes.com/politics/2023/02/27/healy-rae-ukrainian-accommodation-contract-worth-more-than-160000/

Strumms

Sinn Fein initially were vehemently against the bedroom tax in NI, then worked to bring it in…

so what they say is one thing, then what they do is another… You cannot trust them, well, you never could we knows, leopards / spots etc :)

what next, people with a big / reasonable sized garden, tax it to encourage them to sell it for housing ?

they might call it ‘EAT’…. Excess acreage tax… because if that lot get in they’ll be eating away at anything and everything people here ‘worked’ for….. to sort their lot out and to encourage more support from certain groups.

they’ve already promised to ‘EAT’ away at certain facets of democracy..

hymenelectra

Sinn fein are likely to get into government.

They likely will torpedo themselves by trying not to be too dissimilar from the current disaster artists.

A couple years to prove themselves and turn this ship around, or a couple years to prove they are no better.

Ireland, and Europe, is probably looking at increasingly frequent elections and votes of no confidence as the electorates impatience grows with the multitude of outstanding issues. Quicker turnarounds that'll be a political version of goldilocks porridge; it'll keep going until its just right.

The decades long inertia of the current political landscape is going to be shattered in short order, methinks.

Frank Bullitt

https://www.boards.ie/discussion/comment/121380855#Comment_121380855

I don't think any kind of numbers or stats would change your mind, to be fair. You have your agenda well set for us to see.

Shoog

https://www.boards.ie/discussion/comment/121380423#Comment_121380423

It won't be SF crashing the economy.

hymenelectra

https://www.boards.ie/discussion/comment/121381041#Comment_121381041

An agenda!

I let a stone fall from my hand to the ground to demonstrate gravity. "Look at this dude and his agenda!"

To the utter contrary, anyone who fails to see the brutally obvious facts of the matter, has no other explanation whatsoever, nevermind holistic, yet continues to bat for ignorance...that's a god damned agenda. Pavlovian response mechanism, indoctrination. Whatever you want.

What the poster above is doing is saying the equivalent of "but look at this, we built 20k homes last year!". Yes, that's truthful. But I'm pointing out that it doesn't matter a solitary fook when a 100k extra people arrived willy nilly.

Ignoring that type of overall truth is an agenda in itself.

Try doing 2 hours of work a day and boasting about it to your boss that needs 8 hours done.

Frank Bullitt

https://www.boards.ie/discussion/comment/121381183#Comment_121381183

Make yourself a cup of tea pal, you need to calm down.

Kermit.de.frog

A wealth tax is stupid when we can't even get international executives to move here and pay tax because our taxes are already too high and we don't have the living standards/services.

The real problem in this country is too many on lower incomes are outside the tax net.

Don't expect Sinn Fèin to fix that.

hymenelectra

https://www.boards.ie/discussion/comment/121381327#Comment_121381327

Well that's certainly a rebuttal.

No arguments, and not yourself specifically, to contradict the obvious. Rarer and rarer thing as the dust settles.

But that silence only highlights the truth even more.

Frank Bullitt

https://www.boards.ie/discussion/comment/121381500#Comment_121381500

Your posts really don't present any evidence at all, nothing.

That's just more numbers that completely sidesteps demand.

Like I said, a poster presented facts to you, and this was your response. You have your mind made up, the world is out to get you.

Wanderer78

https://www.boards.ie/discussion/comment/121381419#Comment_121381419

...wealthy individuals generally spend most of their income and wealth purchasing and investing in the accumulation of assets such as property and land, this only truly benefits those that own such assets, i.e. it causes the further accumulation of the ownership of assets, and not a trickle down effect, i.e. it directly screws non asset owners, which are primarily young generations. keep playing this game, and you ll eventually cause rising tensions so much so, that it leads to the rise of extremes, extreme voting and other extreme social outcomes, which could potentially lead to catastrophic consequences for all such as trump and brexit etc