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ESRI says we need more "progressive" taxes lol

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    #602
    fliball123
    Registered Users Posts: 7,450 ✭✭✭fliball123


    Wanderer78 wrote: »
    ...by 'fiscal waterboarding', there was nothing easy about that one, when your banks are shutdown, what else can yea do, noting, the loans were used to bailout mainly french and german bond holders, and the creditors didnt actually want their money back, it was just to shutdown other potential protests, and it worked

    Do you have any loans?? If you do go to the person/company and say I aint paying that loan and then ask them for another loan and see how that works..You will be laughed out of the place. waterboarding will ye get up out of that will ye, the Greeks where taking the p1ss with public sector pay and welfare and what they collect in tax for years..


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    #603
    Wanderer78
    Registered Users Posts: 29,555 ✭✭✭✭Wanderer78


    fliball123 wrote: »
    Do you have any loans?? If you do go to the person/company and say I aint paying that loan and then ask them for another loan and see how that works..You will be laughed out of the place. waterboarding will ye get up out of that will ye, the Greeks where taking the p1ss with public sector pay and welfare and what they collect in tax for years..

    again, the greek bailouts were primarily for european bond holders, thats were the money ultimately went to, it was clearly obvious greece was never going to be able to meet its debt requirements, and leaving the eu simply wasnt an option, for anyone. even members of the troika negations, in particular le garde, knew these measures were going to fail, admitting to varoufakis himself, during his time in office, and they were right, it has failed. yes the greek were taking the pi$$, but the issue is far greater than greece alone, the euro is unworkable in its current state


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    #604
    fliball123
    Registered Users Posts: 7,450 ✭✭✭fliball123


    Wanderer78 wrote: »
    again, the greek bailouts were primarily for european bond holders, thats were the money ultimately went to, it was clearly obvious greece was never going to be able to meet its debt requirements, and leaving the eu simply wasnt an option, for anyone. even members of the troika negations, in particular le garde, knew these measures were going to fail, admitting to varoufakis himself, during his time in office, and they were right, it has failed. yes the greek were taking the pi$$, but the issue is far greater than greece alone, the euro is unworkable in its current state

    God I never thought I would agree with you but your right with regards to the Euro and the current structure of the EU.


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    #605
    Wanderer78
    Registered Users Posts: 29,555 ✭✭✭✭Wanderer78


    fliball123 wrote: »
    God I never thought I would agree with you but your right with regards to the Euro and the current structure of the EU.

    its toast, we have to try figure this one out, or we all could fall, we need the eu to remain, but not in its current format, we re all potentially in danger now


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    #606
    fliball123
    Registered Users Posts: 7,450 ✭✭✭fliball123


    Wanderer78 wrote: »
    its toast, we have to try figure this one out, or we all could fall, we need the eu to remain, but not in its current format, we re all potentially in danger now

    Maybe the government are playing a blinder and borrowing as much as possible with as much debt as possible so that if an EU breakup comes they can say we ain't paying


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    #607
    Wanderer78
    Registered Users Posts: 29,555 ✭✭✭✭Wanderer78


    fliball123 wrote: »
    Maybe the government are playing a blinder and borrowing as much as possible with as much debt as possible so that if an EU breakup comes they can say we ain't paying

    government has no choice but to borrow right now, if they didnt, our economy would sink, but they ll more than likely default to the norm soon, i.e. balanced budget, so it ll be business as usual, i.e. some businesses collapsing, leading to a rise in unemployment for some. defaulting on our debts is simply not an option, we re potentially in a situation, whereby any euro country defaulting, could bring the whole thing down, or significantly destabilizing the whole euro zone at least


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    #608
    KyussB
    Registered Users Posts: 2,314 ✭✭✭KyussB


    Borrow billions to build homes or the housing crisis will spiral, warns ESRI

    The State can afford to borrow €4bn to €7bn a year to build homes, the ESRI has said.

    It can do this without creating undue economic risks, the think-tank said.

    Failing to act to close the worsening gap between housing demand and supply runs the risk of rents and house prices spiralling higher.

    The result could be social and economic damage, according to the report by Prof Kieran McQuinn.

    The reluctance of many policymakers and analysts to examine the potential for such large-scale public borrowing reflects attitudes coloured by the disastrous legacy of large budget deficits in the 1970s and 1980s followed by a devastating economic crash, he argued.

    However, conditions in the Irish economy are now significantly different so budget deficits to support capital investment are justified and affordable, he said.
    ...
    https://www.independent.ie/business/personal-finance/property-mortgages/borrow-billions-to-build-homes-or-the-housing-crisis-will-spiral-warns-esri-40497209.html

    A step in the right direction - yet the article still goes on to make economically-meaningless debt-to-GDP comparisons - which they ESRI should know better than.


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    #609
    RulesOfNature
    Registered Users Posts: 237 ✭✭RulesOfNature


    https://www.theguardian.com/world/2021/jun/03/microsoft-irish-subsidiary-paid-zero-corporate-tax-on-220bn-profit-last-year

    Its a progressive tax system ;)


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    #610
    fliball123
    Registered Users Posts: 7,450 ✭✭✭fliball123


    RulesOfNature wrote: »
    https://www.theguardian.com/world/2021/jun/03/microsoft-irish-subsidiary-paid-zero-corporate-tax-on-220bn-profit-last-year

    Its a progressive tax system ;)

    For employees (income tax) it is


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    #611
    RulesOfNature
    Registered Users Posts: 237 ✭✭RulesOfNature


    fliball123 wrote: »
    For employees (income tax) it is

    Its progressive if you ignore: Corporation tax, property tax, stocks, bonds, intangible assets, tangible assets, residential tax, wealth tax, inheritance tax, customs charges, sales taxes, VRT taxes, import taxes, gift taxes.

    Amazing.


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    #612
    fliball123
    Registered Users Posts: 7,450 ✭✭✭fliball123


    RulesOfNature wrote: »
    Its progressive if you ignore: Corporation tax, property tax, stocks, bonds, intangible assets, tangible assets, residential tax, wealth tax, inheritance tax, customs charges, sales taxes, VRT taxes, import taxes, gift taxes.

    Amazing.

    None of them are income tax


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    #613
    RulesOfNature
    Registered Users Posts: 237 ✭✭RulesOfNature


    fliball123 wrote: »
    None of them are income tax

    Yes thats the point. The big boys get the loopholes. The hardworker gets taxed. Duh.


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