Sinn Fein and how do they form a government dilemma

Or perhaps you come out of your bubble?

I have posted links from the OECD and from academic studies that show that there is a link between high personal income taxes and low FDI, but the evidence is ignored, all because it doesn't fit the narrative of Sinn Fein good, everyone else bad.

I have shown the reality in the countries listed that striking a balance seems to be the key to maintaining healthy FDI.

"Whatabout Portugal" and some other countries was the start and end of your contribution. Nothing to back it up, not a single academic study, not a single economic argument.

All of the evidence points to high personal income tax rates discouraging FDI. All of it.

Back to you not being real again I see

Thank you for that

You made the claim. Up to you to back it up when asked.

Seems to me if somebody claims something is happening 'left, right and centre' that they must be basing it on something.

I didn't say they were 'wrong', I actually accepted the premise.

What I am saying is that it is not the case in the countries listed and I'm offering a reason why that is - they have achieved a balance that seems to work for everyone. Tjey seem to have accepted that the balance achieved is better than increased FDI (which is not necessarily a good thing to be so reliant on, which is something I think we will also have to face down the road)

I have challenged you to show corporate or personnel flight or a damaging lack of FDI investment, in what is quite a list of like countries. As yet you have failed to do that and cling to a general rule.

*You seem to once again be trying to insist I am making a point about Portugal for some bizarre reason as well.

I can find no evidence of corporate or personnel flight from the countries listed. I can find nobody expressing concerns about attracting professionals from abroad in those countries.

By all means if I have missed something post the information.

These are the things that are claimed will happen here if there is a rise in personal income tax rates.

I have simply challenged those making these seemingly sensationalist claims to show where this has happened.

It is you who make the claim: higher income taxes will cause corporate flight, and personnel flight.

I have challenged that view.

I have posted a list of countries with higher personal tax rates than here , some of them 5 and 6% higher and asked you to show how that causes what you claim in those countries.

P.S. To put it another way - how come the rule you quoted has not applied in those countries?

All of those countries have lower levels of FDI than Ireland.

In order to show that the experts are wrong, you need to produce a country, any country, with a similar wealth profile as Ireland, which manages to combine high and increasing levels of personal taxation with high and increasing levels of FDI.

There isn't one, but off you go. Until then, best that your deluded economic theories are filed alongside flat earthers.

Is high and increasing FDI the way to go though as the overriding economic strategy? It made sense in dark days of the 1980s and worked well for a couple of decades but might constantly increasing FDI as the dominant national strategy have run its course? Again, like the job creation strategy (of which attracting FDI is part), it does not mean we drive out FDI, but rather re-balance the strategy taking into account the current needs of the country.

No, I do not need to provide anything as I am not making any claims.

It is you guys who are claiming corporate flight and personnel flight is a given.

I have challenged you to show where that has happened. You won't do that because you can't.

Don't try and switch the claim to 'increasing FDI levels'.

Nonsense talk about "rebalancing" the economy means what?

Does it mean that we don't get Intel to build the next generation factory here? Let the jobs go to India instead?

Big questions. Do we take advantage of our position as an internet hub and combine the climate location, the intersection of hardware and build lots more data centres?

If we forego these opportunities, and Sinn Fein, the subject of this thread, want to forego them, then this country starts on a downward path. We could be the Argentina of this century.

Again extreme examples. FDI is a good thing but when it means that we have ever increasing demands on limited resources, we may need temper the strategy with, for example, the requirement that inward investors contribute to building accommodation, for example, if they are putting a strain on it. This might result in a reduced overall level of FDI but this might be better for the country overall.

I know you will respond by saying this will turn us into Argentina or Venezuela or some other crisis-hit country, but I would suggest to you that that is evidently not the case. Most developed countries don't go to the extreme lengths Ireland does to attract FDI and yet most countries are not Argentina or Venuzeuala or anything like them.

I don't agree with a lot of Sinn Fein policies but I think, if they do get in, it will be because of one-dimensional policies of the mainstream parties. It is not FDI that is the problem it is that any given strategy that works for the benefit of the country at one point in history, fails to be optimal eventually. Ordinary people start to realize this and make voting decisions based on it.

Another example of this would be GDP growth. We've been pursuing this for decades now to the extent that it has become meaningless and no longer has any relation to the economic welfare of citizens. In fact when other more accurate measures are used, it turns out Ireland is nowhere near the upper levels in the EU and we are gradually falling behind. Other countries are overtaking us.

But GDP growth was at one point the correct thing to pursue, and its growth did contribute massively to the welfare of the country. It is just that a particular strategy at one point eventually stops being the correct strategy.