Where does all the money come from

If they can cut spending by €4 billion, or find other sources for €4 billion the USC could go. Another idea would be to rename it, like in 2010. The USC is a new name for other levies which already existed.

jesus christ, we all need a major lesson on this one, including myself, money does not come from taxation. in a modern economy, there are effectively only two ways of creating money, from governments, via bond markets, and from private sector financial institutions, i.e. banks, in the form of credit. credit is in fact the most abundant form of money on the planet today, this of course comes from banks, when they create a loan, this is where mainstream economics, otherwise known as neoclassical economics, collapses, as it simply does not accept these facts, i.e. that banks create the majority of our money supply. it believes, and it still does, even post 08, including some of the world leading neoclassical economists, Krugman etc, that banks are 'intermediaries', i.e. moving money from one place to another, and taking a slice for themselves, but this is completely untrue, banks are actually still creating the majority of our money supply, globally. hence why no mainstream economist foreseen the 08 crash coming, but many non mainstream did, due to knowing these facts.

we in fact need to move away from this approach as a matter of urgency, as it has become too unstable, too prone to crashes and deep uncertainties, but in order to do this, we must embrace the perpetual deficit. by running deficits, we are maintaining a positive public money supply, and hopefully becoming less reliant on the private sector money supply, i.e. the credit supply, even though a credit supply would still be critical, i.e. we need banks remaining to be banks, and lending, but for more productive means, and not what they have been doing, for speculative purposes, helping to drive up asset prices, particularly in relation to property and land.

the war on public debt has significantly ramped up during whats called the neoliberal period, i.e. last few decades, its effectively propaganda from both the political left and right, and also politicians not having a fcuking clue about these fundamentals, go on, ask a politician about money creation, they ll probably mention taxation as well! we have allowed whats called the fire sectors(finance, insurance and real estate), to dictate and dominate our economies, helping tir share o drive us over cliffs, and them getting away scot free every time, its always important to remember, it was in fact the banks that went bust in 08, as their plan of continual asset price inflation, particularly in relation to property and land, collapsed.

oh and to the person above that said banks may stop lending, why would they do that, they would cease to exist if they did, as this is their main reason for existing! this is one of the main reasons why globally, banks moved their lending operations to bigger fish such as large corporations, vulture funds etc etc, which of course helped us all, didnt it, with their share buy backs and so and so...... oh and electronic money is not a construct, its very very real, and has been for a very very long time, as the majority of money, both public and private sector created money, is in this form.

oh and below is yet again, a snap shot of irelands money supply, both public and private, i.e. our debts, as debt is the money supply, i.e. without debt, we aint got no mon! you can clearly see what caused the 08 crash, i.e. an over reliance on the private sector money supply, i.e. the credit supply, via banks. oh and for good measure, ive thrown in the american money supply also, you can clearly see what happened throughout americas history also of over reliance on the private sector money supply, credit, and the subsequent crashes it caused

2020 GG revenues = 85.7bn

2020 GG expenditure = 104bn

https://www.cso.ie/en/releasesandpublications/er/gfsa/governmentfinancestatisticsapril2021/

I follow these best countries to live in; most livable cities; happiest country league tables with some interest, and don't recall Ireland placing top 6 in any of them. What positive criteria does ireland regularly place top six in?

2021 happiness - Ireland is 13th

2021 livable cities - Dublin ranks 51st

2021 Healthcare - 19th

2021 Best Countries - 23rd

2021 Corruption (least) - 18th

2021 Cancer rates - 3rd highest

Yay, Ireland makes your top 6 if you want cancer.

Where does inflation come from though, a suburban pub is now charging 6.90 for a pint of Guinness now that it has reopened?

Ultimately yes from Taxes. Govt borrow money cheap now in the financial markets. How will that be repaid? through taxation.

How soon are we fcked? Very. As soon as interest rates start rising to control inflation (hint probably very soon) then SHTF.

when your creditors are on your back, inflation is probably the only way out of it!

central bank

ultimately no actually, once again, the two main methods of money creation are governments, via bond markets, and banks via credit creation, neither have anything to do with taxation. where our obsession with taxation comes in is with balancing the books, which is in fact the most stupid thing to do, as we become over reliant on the credit supply, in order to run our economies

Average age in Ireland ranks 67th, the average being 37 in 2020.

We are 18th in life expectancy. Japan is first - 17 places better - so should be outdoing us on cancer rates if it were as simple as that.

There was long periods of strong global growth, strong productivity growth.

Low growth looks like being the norm for quite a few years to come in the Western world.

or stagnation...... which means, we re in trouble regarding debt, in particular private debt

in the 60,s ,70,s and 80s 1000,s of house,s were built every year ,a mix of private housing and social housing. the government knows it has to have a long term housing plan, build x amount of units for year ,for at least ten years .our population is growing .our economy will have severe problems unless our housing crisis is solved .We a problem with rents rising, when a nurse or a garda cant afford to buy a 2 bed house that means prices are too high. Also young people at some point want to settle down, marry and maybe have children. this is not possible to do if you can only afford to rent a 1bed apartment .

japan has a major problem, the population is falling because of very low birth rates, there are 1000,s of empty house, s in rural area.s .it makes sense to borrow money if its for a major project like new housing in area,s of high demand .

The welfare state was not as big then, healthcare and pension costs were not as high.

These days, ageing causes healthcare + pensions + social care costs to rise every year.

Plus, recent Govts have a policy of depending on the market to build houses, which are then rented via HAP, rather than building and owning the social houses itself.

I do laugh:

"A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March 2013 ‘haircut’ against the European Commission and the European Central Bank on February 2, 2016, the Sunday Mail has learned."

In 2015 I got sick of watching the value of my small balance in an AIB account evaporate, and took a punt and bought bitcoin instead. Lot's of laughs to be had since then.