How much is this all going to cost and who will pay for it ?

Fann Linn · 04-03-2021 08:00PM

Allinall wrote: »

We had a 35% VAT rate in the 80s, so anything is possible.

And 11% mortgage interest. Ah, the good auld days.

For Forks Sake · 04-03-2021 08:02PM

Will_I_Regret wrote: »

They could cut a good chuck of that €14b if they cut the annual €5b+ government funding to useless NGOs.

Have you a source for that 5bn because I googled it, and the only result with that figure was a Gript piece by McGuirk...and I'd trust my dog to come up with accurate data over him?

Renault 5 · 04-03-2021 08:02PM

So while we will foot the Pandenic bill, when is the Brexit bill due

growleaves · 04-03-2021 08:03PM

SEPT 23 1989 wrote: »

Can’t see it happening it will be warehoused using some bond or other and made disappear eventually by the ECB

Too many countries in the sh1t over this

I hope that is the case but don't think it will be unless there is a serious political crisis from the ground up.

For Forks Sake · 04-03-2021 08:03PM

Fann Linn wrote: »

And 11% mortgage interest. Ah, the good auld days.

11%? Bargain.

Was up between 14-16% in the early 80s

Fann Linn · 04-03-2021 08:04PM

growleaves wrote: »

I hope that is the case but don't think it will be unless there is a serious political crisis from the bottom up.

He could be right, it's not just the Greeks and us in the sh1t this time.

04-03-2021 08:06PM

ThunbergsAreGo wrote: »

Screw this, they are throwing money at everything and anything and leaving it to the taxpayer to pick up the bill.

I could actually live with it (its a pandemic) , if I thought the government had any want or ability to tighten the belt and give value for money. But itll be throw money at NGOs, tribunals etc and well pick up the bill.

We are still paying the "temporary" USC....

If it wasn't for family, I would be gone

Everywhere is going to raise taxes.

Sanjuro · 04-03-2021 08:07PM

The government have no idea how to handle the pandemic except for using the most draconian measures. Of course they wont bother to look for anything but the most draconian measures to handle the fallout.

Triangle · 04-03-2021 08:08PM

growleaves wrote: »

The professional classes acted as footsoldiers for these destructive policies.

Frustrated-middle **** who must now spend the rest of their lives servicing public debt are getting what they asked for.

I can't remember, which party said we should use austerity to battle covid?
If I remember right, the opposition were arguing for more financial supports, which would have meant more of a bill to pay.

Sweet.Science · 04-03-2021 08:09PM

Surely pearse doherty will have the solution

suicide_circus · 04-03-2021 08:10PM

blackvalley wrote: »

Great idea fantastic you should actually give Pascal a call . All them frontliners salting it away . Better still they were probably minting it on overtime as well . AND the pensioners they couldnt get out to spend money so must be loaded . Perhaps have a look at post office savings because all the first communion money is stashed away waiting for the big breakout . :rolleyes::rolleyes:

Ah chillax. I'm a frontline worker of sorts who has also lost money. I'm more referring to all the folk working from home, time for them to pull on the green jersey

04-03-2021 08:11PM

Cina wrote: »

To where? Pretty much every other country where people emigrate to has been plunged into massive debt and recession too. We won't be the only ones increasing taxes.

In fact we were the only country to grow last year. I don’t buy this spooking the bond market nonsense either. Where else are they going to go.

04-03-2021 08:12PM

Sweet.Science wrote: »

Surely pearse doherty will have the solution

He’ll get some land when he realises roaring and shouting doesn’t transfer into paying for things! LOL

Allinall · 04-03-2021 08:13PM

Sanjuro wrote: »

The government have no idea how to handle the pandemic except for using the most draconian measures. Of course they wont bother to look for anything but the most draconian measures to handle the fallout.

What should they be looking at?

Mr. teddywinkles · 04-03-2021 08:13PM

Red Silurian wrote: »

So not only do they lock up their own citizens while flying others in unrestricted they now want us to pay for it... Roll on the next general election and we get these idiots out

There freeing up the asylum system too so we can pay for free houses and keep more bogus chancers coming here too. Wtf are these morons at. It's a comedy show now

04-03-2021 08:13PM

suicide_circus wrote: »

Ah chillax. I'm a frontline worker of sorts who has also lost money. I'm more referring to all the folk working from home, time for them to pull on the green jersey

They, er, paid for the country by working and paying taxes. So no.

seamus · 04-03-2021 08:14PM

[Deleted User] wrote: »

How modest do you think the tax rises will be for a 14Bn deficit?
https://www.irishtimes.com/business/economy/exchequer-deficit-swells-to-14bn-as-lockdown-hits-tax-take-1.4499249?mode=amp

Considering it was 30bn in 2010, I think we'll survive.

Turns out that socialism is considerably cheaper than capitalism. Who's thunk it?

suicide_circus · 04-03-2021 08:15PM

Deleted User wrote: »

They, er, paid for the country by working and paying taxes. So no.

Share the pain, we're all in this together, it's only money after all. If they "paid for the country" why have we borrowed so many billions?

04-03-2021 08:16PM

Renault 5 wrote: »

Nearly 1 billion in PS pay rises

Nearly 1 billion in foreign aid.

Now the bill has reduced from 14 to 12 billion

There’s a start.

But why bother.

The Guy or Girl on 30k working in a customer service desk can be raided to pay for that.

The guy or girl on 30k pays about 15% tax, they aren't getting raided.

Mr. teddywinkles · 04-03-2021 08:17PM

Pinoy adventure wrote: »

It should be increased by at least 5% because such is the job they are doing guiding us true this hard time

Did I not just hear the GPs are getting 120e a shot for the vaccine?

growleaves · 04-03-2021 08:18PM

Triangle wrote: »

I can't remember, which party said we should use austerity to battle covid?
If I remember right, the opposition were arguing for more financial supports, which would have meant more of a bill to pay.

I'm soured on the opposition as well.

Banning trade, free movement and blocking employment was/is a crazy thing to do. The whole country should have stood up and objected in the strongest terms.

I saw the debt millstone coming a mile away. When the principal is that high it doesn't matter if borrowing rates are low or even negative. Swallowing QE propaganda was a foolish thing to do.

For Forks Sake · 04-03-2021 08:19PM

Deleted User wrote: »

He’ll get some land when he realises roaring and shouting doesn’t transfer into paying for things! LOL

Triangle · 04-03-2021 08:22PM

growleaves wrote: »

I'm soured on the opposition as well.

Banning trade, free movement and blocking employment was/is a crazy thing to do. The whole country should have stood up and objected in the strongest terms.

I saw the debt millstone coming a mile away. When the principal is that high it doesn't matter if borrowing rates are low or even negative. Swallowing QE propaganda was a foolish thing to do.

Fair enough, thought it was a dig at some of them.

I misunderstood.

JPup · 04-03-2021 08:22PM

Deleted User wrote: »

https://www.google.ie/amp/s/amp.independent.ie/news/tanaiste-leo-varadkar-commits-to-no-post-pandemic-tax-hikes-or-cuts-to-public-sector-pay-40100605.html

Hmmmmmm

There's nothing incompatible between what Leo said in that article and the comments from Pascal Donohue in the original post. Pascal is saying that the deficit will need to come down, which it will naturally when the economy opens up. No need to increase tax rates necessarily, the government tax take will increase significantly just by getting people back to work.

By the way, Ireland had one of the lowest increases in its debt/GDP ratio in the world last year. There was a marginal increase, but we are still close to the 60% EU target level and have cash reserves that could put us below it at any time if the government wanted to.

For comparison, the USA, UK and France all have a debt/GDP ratio above 100%.

Irishphotodesk · 04-03-2021 08:23PM

Has anyone asked the finance minister if the government are still appealing the apple tax situation or are they willing to accept the money and who knows maybe reduce the debt owed due to the pandemic ?

titan18 · 04-03-2021 08:26PM

suicide_circus wrote: »

Share the pain, we're all in this together, it's only money after all. If they "paid for the country" why have we borrowed so many billions?

So tax my saving for a house so others who've never worked a day in the life in this country can get free houses?

ednwireland · 04-03-2021 08:30PM

dulpit wrote: »

So you're saying that the government spending a huge amount of money keeping people going during a pandemic isn't free?

Are people actually surprised?

Also, higher taxes are better than the alternative of reduced services...

unfortunately we wont get that we will get reduced services and increased taxes. if you think any different you are kidding yourself.

suicide_circus · 04-03-2021 08:30PM

titan18 wrote: »

So tax my saving for a house so others who've never worked a day in the life in this country can get free houses?

#socialism

Irishphotodesk · 04-03-2021 08:31PM

titan18 wrote: »

So tax my saving for a house so others who've never worked a day in the life in this country can get free houses?

That’s how our system works, but feel free to try live the life of someone who receives a free house....they don’t live in comfort or experience life in a manner you may consider decent.

titan18 · 04-03-2021 08:32PM

suicide_circus wrote: »

#socialism

I'm pretty sure there'll be a run in the banks if they try to tax savings. I've worked and paid tax on that money already, they can fcuk right off if they try and tax it again.

How much is this all going to cost and who will pay for it ?

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