Tax Changes under a Sinn Féin Government

tayto lover wrote: »

The Troika told them what action to take to do it.
FG had no clue themselves. They took the actions demanded by Europe.

If they had any clue as to the country's finances why were they not shouting when FF were in power? They only complained that FF didn't give enough away in their budgets.

Hey, I'm not defending their auction /pig-trough politics in the good times.

But a lot of Irish people also voted for them in to get a handle on the finances.

Whoever said the deficit should be closed, whether it be the electorate or the troika, it was & continues to be the right thing to do.

Any Shinner supporter here is welcome to put up numbers saying otherwise..... The SF party sure struggle to do so.

drdidlittle wrote: »

All talk. If SF get in as a minority partner with FF etc. they will go the same way as Labour, PD's or Greens. If the get in as the larger party real politic will sort them out.

Sinn Fein have stated openly that they have no intention of going into government with anyone. They are quite happy on the opposition benches, talking bollox, safe in the knowledge that they will never have to implement or answer for any of their absurd economic policies.

2011 wrote: »

Hi OP here.
I have to say that I am amazed both with the response to this thread and the fact that so many people seem to think that SF actually have anything approaching a realistic economic policy.

I have yet to see a sage argument against some of their policies. A lot of their higher tax proposals seem to hit an emotional chord with people rather disagree with their more objective reasoning.

Guy:Incognito wrote: »

Do you earn over 100k?



Suppose we could tax them a fair whack and they could up and leave. Then we'd still have no tax take but thousands more on the dole to pay for as well as the drop in income tax.

You don't even need a tax hike, just get them to pay the actual rate would be of benefit to the coffers

Wow. Another Sinn Fein thread. Really?. I don't support any particular political party but I cannot understand how stupid people can be by voting for the shinners.

A populist party who tell the uneducated what they want to hear. I sometimes wonder do their voters have no conscience or do they not care about the innocent blood spilled . Decades to soon to vote for them.

steddyeddy wrote: »

I have yet to see a sage argument against some of their policies. A lot of their higher tax proposals seem to hit an emotional chord with people rather disagree with their more objective reasoning.

High earners (and moderate earners) already give the state more than half of their marginal earnings. That's the trouble with extreme socialism - when it comes to taxing those who are unlikely to vote for them, no amount is ever enough.

steddyeddy wrote: »

That's the problem with arguments like yours. You label. Left/socialist/loony ect. It lacks meaning and clarity. If you could give a scientific refute or credence to a policy it would go a lot farther. High earners should take more of a hit than middle and lower earners IMO. For the simple reason that they have it to give.

When people talk about burden of the cuts falling on the higher earners they are wrong to say the least. A person on 100k a year coming out with ~60k after tax is taking home 60% of their pay. That is high yes but the same percentage of a lower or middle earner will significantly affect their ability to provide for their basic needs. I.E a ten percent reduction in the pay of a low earner has more of an impact and inflicts a higher burden than a 50% reduction in a high earners pay.

High PAYE earners already pay (in real terms) a significantly higher percentage of their income than low earners.
(Those earning 100k or more already account for over 70% of all PAYE, PRSI & USC monies paid),

That is fine though, people accept that, its what progressive taxation is about & its been around for decades.

There is level though, where punishing someone through punitively high taxation because of their success or hard work becomes counter productive (as François Hollande will learn).

George Osbourne showed that even in tough times, if you lower the upper rate on the highest PAYE earners you increase the amount raised.

By contrast, SF look petty in their attacks on those who have been successful.

steddyeddy wrote: »

The limit of low earners (I mean low paid workers as opposed to those on benefits) is homelessness, lower access to health care for their children, less food, low quality of life, reduced ability to pay heating and electricity bills and less educationally advantage for their children.

The limits for a higher earner end with him leaving the country. We don't know where that limit is but I can live with finding out to prevent the far worse scenarios detailed previously.

We already pay higher taxes than most EU countries and our services are still shít. More taxes isn't the answer.

If anything we should lower our tax rates to bring us more in line with the EU average don't you think?

steddyeddy wrote: »

Well what is the answer?

Answer to what?

comongethappy wrote: »

Their own website has just 3 small paragraphs, containing zero..... genuinely zero figures on the revenue projections for their policies.....
(Which should alarm people).

Its safe to assume they have no idea themselves.....

That's funny, I was only looking at their budget proposals before the election :pac: From what I've seen, the most part of their taxation policies check out, with affew conservative guesses in generated revenue. That being said, a lot of it was on the scale of hundreds of millions, rather than the billions every one else seems to be promising. It's not a case of money from nowhere, nor is it a policy of giving everything away. Most of it seems to have the effect of regulating the market a bit more, especially with the changes to CAT (but where shall I hideaway my money now?) and increased PRSI (or the other one, I can never remember the names...10.75% to 15.75%).

But you're right, in a way. SF have been in opposition so long if they got into government it would probably be a shock to the system. I've no doubt many men of straw will be found out. But the one thing I can say for SF, as opposed to the other main parties, is that they have resolve. Something that's sadly lacking in this country today.