Originally Posted by SimpleSam06
Would it be an idea for government regulation of commercial rents to be put in place? I'm not a fan of regulation in general, but extortionate rents are literally sucking the lifeblood out of the economy. Money spent on paying a commercial lease is money not spent paying employees or expanding the business, as well as pushing prices up generally, leaving less money in the pockets of everyone else.
Commercial rents are just one aspect of a wider problem.
We are an incredibly expensive country in which to do business.
An even bigger drag on business is the Irish welfare state, and the very high minimum wage. Its very difficult to persuade people that there is a price to pay for having a high standard of living- irrespective of who ends up having to pay that price.
If you compare the Irish model with the French or Swedish model- the stark contrast is the Irish taxpayer is not willing to personally shoulder the bulk of the expense of providing the welfare state (on top of the incredible mess its in). So- business pay for it in 'rates', increased VAT, a silly minimum wage, Employers PRSI etc etc etc.
Yes- commercial rents have been very high- but its more symptomatic of wider problem, than the answer to the problem itself. We need massive widescale reform. People don't like reform or hardships. The current government certainly doesn't have the guts- look at them rolling over on education, the farmers, the medical cards- in short- hold a little protest, shout and scream a bit- and you'll get what you want. What the hell way is that to do business?