How much is this all going to cost and who will pay for it ?

namloc1980

Wouldn't be surprised if private pensions get raided again also.

Will_I_Regret

They could cut a good chuck of that €14b if they cut the annual €5b+ government funding to useless NGOs.

zell12

Deleted User wrote: »

...when you are not paying the taxes.
VAT is at 23% so it can't be pushed higher.
...

Six other EU countries have higher VAT rates 24% - 27%, it can be increased further

Fann Linn

Fann Linn wrote: »

I wouldn't believe him. Wasn't he supposed to cut USC and help those who get up early in the mornings?

As he so ably illustrated , the only ones he helps are his so called friends/not friends.

I’m not so sure about that. I have a feeling he reduced the USC when he was in office but he was chucked out before it could be done away with completely. Although, I am open to correction on this.
It’s a real shame but the electorate get what they ask for.
Leo and Pascal would need to be in lockstep with this. Making us regular folk fit the bill for this isn’t going to go down well in the next GE. Then we will be in a real shambles!

SEPT 23 1989

Can’t see it happening it will be warehoused using some bond or other and made disappear eventually by the ECB

Too many countries in the sh1t over this

Pinoy adventure

Renault 5 wrote: »

From Feb

IRELAND’S PUBLIC SERVANTS will receive pay increases of up to 3% over two years after unions overwhelmingly voted to back the new public sector pay agreement today.

The agreement will cost €906m or the equivalent of around 4% of the 2021 public service pay bill, spread over three years.

It should be increased by at least 5% because such is the job they are doing guiding us true this hard time

Ashleigh1986

For Forks Sake wrote: »

Congratulations, you've saved €1.6m, Now where d..oes the rest come from? :rolleyes:

These populist soundbites grind my gears

....I'm well aware how much it saves .
My suggestion what about showing leadership .
Something this country has been lacking for years .
If the elite don't take cuts in their salaries how in the name of God do they expect us to afford to take more taxes.

blackvalley

suicide_circus wrote: »

Is there anything to be said for raiding the savings of all the people who felt no financial impact and in fact whose savings increased?

Great idea fantastic you should actually give Pascal a call . All them frontliners salting it away . Better still they were probably minting it on overtime as well . AND the pensioners they couldnt get out to spend money so must be loaded . Perhaps have a look at post office savings because all the first communion money is stashed away waiting for the big breakout . :rolleyes::rolleyes:

Allinall

[Deleted User] wrote: »

...when you are not paying the taxes.
VAT is at 23% so it can't be pushed higher.
Business tax rates will be left as is because they are mobile.
The only victims they can tax are those in employment.

We had a 35% VAT rate in the 80s, so anything is possible.

Mr. Karate

Red Silurian wrote: »

So not only do they lock up their own citizens while flying others in unrestricted they now want us to pay for it... Roll on the next general election and we get these idiots out

If Varadkar wasn't already guaranteed to be Taoiseach again in December 2022 he would have already called for a dissolving of this Govt coalition and have called for a General Election.

Varadkar is as much of greedy psychopath like the rest in the Dail, but unlike the others he knows how to read the room.

Fann Linn

Allinall wrote: »

We had a 35% VAT rate in the 80s, so anything is possible.

And 11% mortgage interest. Ah, the good auld days.

For Forks Sake

Will_I_Regret wrote: »

They could cut a good chuck of that €14b if they cut the annual €5b+ government funding to useless NGOs.

Have you a source for that 5bn because I googled it, and the only result with that figure was a Gript piece by McGuirk...and I'd trust my dog to come up with accurate data over him?

Renault 5

So while we will foot the Pandenic bill, when is the Brexit bill due

growleaves

SEPT 23 1989 wrote: »

Can’t see it happening it will be warehoused using some bond or other and made disappear eventually by the ECB

Too many countries in the sh1t over this

I hope that is the case but don't think it will be unless there is a serious political crisis from the ground up.

For Forks Sake

Fann Linn wrote: »

And 11% mortgage interest. Ah, the good auld days.

11%? Bargain.

Was up between 14-16% in the early 80s

Fann Linn

growleaves wrote: »

I hope that is the case but don't think it will be unless there is a serious political crisis from the bottom up.

He could be right, it's not just the Greeks and us in the sh1t this time.

ThunbergsAreGo

ThunbergsAreGo wrote: »

Screw this, they are throwing money at everything and anything and leaving it to the taxpayer to pick up the bill.

I could actually live with it (its a pandemic) , if I thought the government had any want or ability to tighten the belt and give value for money. But itll be throw money at NGOs, tribunals etc and well pick up the bill.

We are still paying the "temporary" USC....

If it wasn't for family, I would be gone

Everywhere is going to raise taxes.

Sanjuro

The government have no idea how to handle the pandemic except for using the most draconian measures. Of course they wont bother to look for anything but the most draconian measures to handle the fallout.

Triangle

growleaves wrote: »

The professional classes acted as footsoldiers for these destructive policies.

Frustrated-middle **** who must now spend the rest of their lives servicing public debt are getting what they asked for.

I can't remember, which party said we should use austerity to battle covid?
If I remember right, the opposition were arguing for more financial supports, which would have meant more of a bill to pay.

Sweet.Science

Surely pearse doherty will have the solution

suicide_circus

blackvalley wrote: »

Great idea fantastic you should actually give Pascal a call . All them frontliners salting it away . Better still they were probably minting it on overtime as well . AND the pensioners they couldnt get out to spend money so must be loaded . Perhaps have a look at post office savings because all the first communion money is stashed away waiting for the big breakout . :rolleyes::rolleyes:

Ah chillax. I'm a frontline worker of sorts who has also lost money. I'm more referring to all the folk working from home, time for them to pull on the green jersey

Cina

Cina wrote: »

To where? Pretty much every other country where people emigrate to has been plunged into massive debt and recession too. We won't be the only ones increasing taxes.

In fact we were the only country to grow last year. I don’t buy this spooking the bond market nonsense either. Where else are they going to go.

Sweet.Science

Sweet.Science wrote: »

Surely pearse doherty will have the solution

He’ll get some land when he realises roaring and shouting doesn’t transfer into paying for things! LOL

Allinall

Sanjuro wrote: »

The government have no idea how to handle the pandemic except for using the most draconian measures. Of course they wont bother to look for anything but the most draconian measures to handle the fallout.

What should they be looking at?

Mr. teddywinkles

Red Silurian wrote: »

So not only do they lock up their own citizens while flying others in unrestricted they now want us to pay for it... Roll on the next general election and we get these idiots out

There freeing up the asylum system too so we can pay for free houses and keep more bogus chancers coming here too. Wtf are these morons at. It's a comedy show now

suicide_circus

suicide_circus wrote: »

Ah chillax. I'm a frontline worker of sorts who has also lost money. I'm more referring to all the folk working from home, time for them to pull on the green jersey

They, er, paid for the country by working and paying taxes. So no.

seamus

[Deleted User] wrote: »

How modest do you think the tax rises will be for a 14Bn deficit?
https://www.irishtimes.com/business/economy/exchequer-deficit-swells-to-14bn-as-lockdown-hits-tax-take-1.4499249?mode=amp

Considering it was 30bn in 2010, I think we'll survive.

Turns out that socialism is considerably cheaper than capitalism. Who's thunk it?

suicide_circus

Deleted User wrote: »

They, er, paid for the country by working and paying taxes. So no.

Share the pain, we're all in this together, it's only money after all. If they "paid for the country" why have we borrowed so many billions?

AdamD

Renault 5 wrote: »

Nearly 1 billion in PS pay rises

Nearly 1 billion in foreign aid.

Now the bill has reduced from 14 to 12 billion

There’s a start.

But why bother.

The Guy or Girl on 30k working in a customer service desk can be raided to pay for that.

The guy or girl on 30k pays about 15% tax, they aren't getting raided.

Mr. teddywinkles

Pinoy adventure wrote: »

It should be increased by at least 5% because such is the job they are doing guiding us true this hard time

Did I not just hear the GPs are getting 120e a shot for the vaccine?

growleaves

Triangle wrote: »

I can't remember, which party said we should use austerity to battle covid?
If I remember right, the opposition were arguing for more financial supports, which would have meant more of a bill to pay.

I'm soured on the opposition as well.

Banning trade, free movement and blocking employment was/is a crazy thing to do. The whole country should have stood up and objected in the strongest terms.

I saw the debt millstone coming a mile away. When the principal is that high it doesn't matter if borrowing rates are low or even negative. Swallowing QE propaganda was a foolish thing to do.

For Forks Sake

Deleted User wrote: »

He’ll get some land when he realises roaring and shouting doesn’t transfer into paying for things! LOL

Triangle

growleaves wrote: »

I'm soured on the opposition as well.

Banning trade, free movement and blocking employment was/is a crazy thing to do. The whole country should have stood up and objected in the strongest terms.

I saw the debt millstone coming a mile away. When the principal is that high it doesn't matter if borrowing rates are low or even negative. Swallowing QE propaganda was a foolish thing to do.

Fair enough, thought it was a dig at some of them.

I misunderstood.

JPup

Deleted User wrote: »

https://www.google.ie/amp/s/amp.independent.ie/news/tanaiste-leo-varadkar-commits-to-no-post-pandemic-tax-hikes-or-cuts-to-public-sector-pay-40100605.html

Hmmmmmm

There's nothing incompatible between what Leo said in that article and the comments from Pascal Donohue in the original post. Pascal is saying that the deficit will need to come down, which it will naturally when the economy opens up. No need to increase tax rates necessarily, the government tax take will increase significantly just by getting people back to work.

By the way, Ireland had one of the lowest increases in its debt/GDP ratio in the world last year. There was a marginal increase, but we are still close to the 60% EU target level and have cash reserves that could put us below it at any time if the government wanted to.

For comparison, the USA, UK and France all have a debt/GDP ratio above 100%.

Irishphotodesk

Has anyone asked the finance minister if the government are still appealing the apple tax situation or are they willing to accept the money and who knows maybe reduce the debt owed due to the pandemic ?

titan18

suicide_circus wrote: »

Share the pain, we're all in this together, it's only money after all. If they "paid for the country" why have we borrowed so many billions?

So tax my saving for a house so others who've never worked a day in the life in this country can get free houses?

ednwireland

dulpit wrote: »

So you're saying that the government spending a huge amount of money keeping people going during a pandemic isn't free?

Are people actually surprised?

Also, higher taxes are better than the alternative of reduced services...

unfortunately we wont get that we will get reduced services and increased taxes. if you think any different you are kidding yourself.

suicide_circus

titan18 wrote: »

So tax my saving for a house so others who've never worked a day in the life in this country can get free houses?

#socialism

Irishphotodesk

titan18 wrote: »

So tax my saving for a house so others who've never worked a day in the life in this country can get free houses?

That’s how our system works, but feel free to try live the life of someone who receives a free house....they don’t live in comfort or experience life in a manner you may consider decent.

titan18

suicide_circus wrote: »

#socialism

I'm pretty sure there'll be a run in the banks if they try to tax savings. I've worked and paid tax on that money already, they can fcuk right off if they try and tax it again.

suicide_circus

titan18 wrote: »

I'm pretty sure there'll be a run in the banks if they try to tax savings. I've worked and paid tax on that money already, they can fcuk right off if they try and tax it again.

The government taxes already taxed money all the time. They wont go after savings but they'll probably go after private pensions again even though this is a terrible long term strategy.

Allinall

titan18 wrote: »

I'm pretty sure there'll be a run in the banks if they try to tax savings. I've worked and paid tax on that money already, they can fcuk right off if they try and tax it again.

It’s not the government but the banks themselves you need to watch out for.

Negative interest rates will do more damage than any government action.

Beasty

Threads merged

growleaves

Deleted User wrote: »

They, er, paid for the country by working and paying taxes. So no.

I'm not sure that the 'We are the people who pay for everything' spiel is justified in this instance since these work-from-homers were demanding that other lines of work be shut down and businesses barred from trading.

ingo1984

[Deleted User] wrote: »

We’ve being saying this on the restrictions thread for the last year. Unfortunately the penny hasn’t dropped for a lot of people yet.

I’ve seen plenty of posters saying the economy is fine and things will bounce right back. Sure it’s low interest free money they said.

The sad reality is that we have a huge deficit due to our inept handling of Covid. Instead of leading, our leaders delegated to a bunch of overpaid doctors with no economic experience.

Now we’ll have extra taxes and spending cuts to important services. There is no other way around it.

If you support restrictions, you asked for this.

That's before interest rates go up and we have to rollover our debt. Fun times ahead.

growleaves

"Let me give you a quick example of the height of insanity to which Italian taxation has risen. If you live in a building that has a balcony or balconies… and any of those balconies cast a shadow on the ground, you must pay a public shadow tax! I will say no more!" - Giacomino Nicolazzo

ThunbergsAreGo

So the workers will....as always

Irishphotodesk

Irishphotodesk wrote: »

That’s how our system works, but feel free to try live the life of someone who receives a free house....they don’t live in comfort or experience life in a manner you may consider decent.

I’m not quite sure that’s the real story here save for a couple of refugees.

completedit

Listening to a conference from the world bank on this very topic and also reading Debt by David Graeber

Triangle

Irishphotodesk wrote: »

Has anyone asked the finance minister if the government are still appealing the apple tax situation or are they willing to accept the money and who knows maybe reduce the debt owed due to the pandemic ?

You need to look into that 14b.
The EU commissioner has said that it should have been paid to European countries and therefore each country could fight for a slice.
I. E. Its not all irelands