Irish Property Market chat II - *read mod note post #1 before posting*

MNCs are the ones paying all the tax. Over 85% of Corporation Tax and over 55% of Income Tax, all coming from less than 15% of the labour force.

If we are going to restrict immigration in any way, the MNC staff should be the last group considered for restrictions.

There is plenty of low-hanging fruit that could be trimmed to restrict immigration before MNC staff would need to be considered.

Of course, this really does highlight the root of the problem. We have these issues because we are stuck in the perpetual growth model. To keep government borrowing going, GDP needs to keep going up, and the only way to do that is to import more and more people. This is eventually not going to work anymore, and the social and environmental cost in the interim in ruinous.

In order to deliver economic growth, which is necessary, whether we like it or not, the first question should be: How many of the 149k immigrants directly contribute to delivering economic growth. How many of those people are net contributors?

In theory, if we were to only allow net contributors into the country, the immigration figures would of course reduce, but tax take and service delivery would continue to rise.

That is a difficult goal to achieve, however.

Growth cannot continue forever because we live on a finite planet. Also, given the trouble that chasing the infinite growth genie causes, is it even worth it?

Unfortunately, we live in a capitalist world. If we want goods and services, we need to pay for them.

Dems the rules.

Don't hate the player, hate the game and all that.

Are you talking about 'Ireland' or 'the planet' when you say 'infinite growth'?

They're both two completely different issues which you are conflating.

Do you not what to see economic growth in the country?

What would you like to see instead?

🤣🤣 We need more multi national companies not less or any cap whatsoever on them.

And, of course, we don't have the accommodation for the workers that are brought in to fill those positions.

I think a lot of it is unexamined thinking from the 80s when we did have high unemployment and multinationals we're a way of creating jobs for the local population. It has now become embedded in the national psyche even though it no longer serves a purpose.

There are hundreds of new homes delivered every week. MNC jobs aren't a tap that we can just switch on and off.

A country needs to prove it is open for business and to FDI, if those same companies are to invest and ultimately stay here long term.

It would be economic suicide to start turning those jobs away and would result in an exodus of FDI leeaving the country long term, closely followed by our educated youth.

I can't agree with you there, but of course we are all welcome to our opinions.

MNC employment is the absolute engine room behind the economy and allows future irish generations access to great jobs and careers; opportunities that simply wouldn't exist here, were it not for the MNCs.

There is no cost to society from MNC employment, since that 14% of the labour force pay the majority of the nations income tax, PRSI and USC!

They are clear net contributors and wealth generators. Think of all the assocated jobs that benefit from that employment; small businesses in retail, hospitality, property maintenance and so forth.

These people have money to spend in the economy and that spend generates more jobs in the local economy.

We also need to remember that the number of MNC employees moving to the country each year is likely <20k. It isn't huge numbers, when you consider total immigration was 150k.

Our focus should be on ramping up the housing delivery to accommodate the growing population and if we really need to curb immigration at some point, the net contributors are the last group we should be restricting.

Fair enough. I took from your last post that you felt MNCs should not be able to recruit as they require.

The more MNC jobs the better imo, but we shall see a slow down in recruittment anyway now.

BlueSky if they had brains they would be going out and actively targeting the areas where we have a deficit and incentivizing doctors, nurses, builders etc to come in to the country short term 5 - 10 years and then for the long term re-prioritize our education system which seems hell bent on sending every one going to college no matter what, we need people who are good with their hands supported and encouraged to forge ahead in areas like plumbing, brick laying etc that do not need a college education. The funny thing is these trades are gang busters and a young lad popping out of school at 18 and getting an apprenticeship as say a sparks will give them a great wage once they have served their time.

Your forgetting that the pulling back of people coming in will also mean less people needing operations and appointments and don't get me started on the HSE their budget is a joke and no matter what we pump in their return gets poorer maybe quelling the wave of population growth would help the HSE while they target additional staff in that time..

Glenveagh are a very reputable builder. If I was a betting man, I suspect these ‘non compliance’ measures are trivial things that would regularly occur but never even be noticed in a private housing estate built for mere mortals. Details so far are scant. But it in the thousands of private estates built in the last few years, never heard of anything like this. First state one there is issues. Shocker.

Classic example of why the state hands should be nowhere near housing. Nobody in a state role gives a sh*t about cost. It’s all about a*s covering. You have no upside for delivering in a cost efficient way, all you care about is no issues which could threaten your job. So they’ll add layers and layers of bureaucracy and hoops for Glenveagh to jump through to protect themselves, regardless of cost. All future affordable housing schemes will either have drastically fewer builders tendering and all will load prices to deal with the state and possible negative PR.

Glenveagh are a huge outfit, with huge amounts of contractors doing the actual work, in some cases supervisors and all are contracted. Some of those cut corners.

The state is dead right to raise these issues. The real problem is that building control are not as proactive for private schemes.