What Will happen when Generation Rent Retire?

I wasn't insulting you. I was asking when is the leaving do?

And I think I've demonstrated your bellyaching is playing the poor mouth in a big way.

On what basis do you believe there is growing wealth inequality?

According to that Irish Times article income inequality in Ireland was at its lowest level in 2019, and has decreased over recent decades. So why are people saying that income inequality is increasing? It's decreasing according to that data.

So people are talking bollix basically. Income inequality is decreasing. On top of that, poverty has been falling over time. Things are pretty good in Ireland, on a relative basis of course. We are one of the wealthiest countries in the world in the wealthiest era in history.

"Data from the Structure of Earnings Survey suggests that Irish wages are more unequally distributed than in any other high-income European country when comparing hourly earnings at the 10th and 90th percentiles by some margin. This relationship holds for full-time employees.

Similarly, Ireland has relatively high earnings inequality in the Business economy out of the 11-country sample (2nd behind the Netherlands). The gap between the top and bottom has remained relatively static since 2006, though it has narrowed in some countries (Germany and the UK for example).

Comparing hourly earnings by Purchasing Power Standard (PPS), top earners in Ireland can buy more goods and services than any of their equivalents in high-income EU countries with an hour’s wages, while Irish earners at the bottom can buy least.

Similarly, the ratio of hourly earnings between the median (50th percentile) and the top (90th percentile) is highest in Ireland and has widened since 2006. The difference between the bottom (10th percentile) and the median/middle (50th percentile) is also relatively high (3rd), though this inequality has improved moderately since 2006."

2021 Report.

Do with that what you like or spin it how you like. Crude market income inequality before the intervention of the state is the highest in the EU.

Asset prices rose substantially over the last decade due to extremely low interest rates and quantitative easing, that's in reverse now.

Discretionary income gaps between top 10% and bottom 10% of earners reached the lowest level in decades in 2019 according to the Irish Times article posted a few posts above. That indicates that wealth inequality has been falling over the previous few decades.

There's nothing stopping anyone in Ireland from becoming wealthy. People are free to start their own business, get the education they need to climb the corporate ladder and free to invest their income in assets.

It's very much the point. What's the point of a tax policy that drives hundreds of thousands into poverty generating further transfers?

You say middle earners aren't taxed lightly. You're fudging words. That surely has a relative meaning to peer countries. Relative to EU countries, middle income earners in Ireland sit bang in the middle in terms of how their taxed relative to EU peers.

High earners aren't particularly highly taxed relative to peer countries either.

Hard facts, not pathos.