Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

What should be done with projected €65 billion budget surplus?

Options
1246

Comments

  • Registered Users Posts: 533 ✭✭✭Baba Yaga


    couple more prisons would be handy,keep the scobies with 100+++ convictions off the streets...a few more gard's wouldnt go a-stray either plus a few more cars for them...a few mental health centres around would be good too...oh....and....coke and hookers for everyone!


    "They gave me an impossible task,one which they said I wouldnt return from...."

    ps wheres my free,fancy rte flip-flops...?



  • Registered Users Posts: 40,007 ✭✭✭✭Boggles


    Yeah have seen a couple of documentaries on Norway's prisons system. It really is an eye opener.

    But it comes back to my point if you have less victims of crime due to addressing the reasons for criminality like Norway do then you will have less need for prison spaces.

    Ireland definitely need a new prison that's more down to prisoner welfare and by extension the people who work in prisons welfare.



  • Registered Users Posts: 4,036 ✭✭✭joseywhales


    Sovereign wealth fund. I worked for the Canadian pension plan for a few years, they manage a consistent 10% return over last ten years and manage risk extremely tightly. They manage over 500bn. With demographic changes we will need it in the future.



  • Registered Users Posts: 4,293 ✭✭✭blackbox


    Pay down the debt, but I can see the case for being able to imprison people with large numbers of convictions, especially if violence or threats were involved.



  • Registered Users Posts: 40,007 ✭✭✭✭Boggles


    Paying down the debt would be a complete waste of money giving the cost of borrowing.

    Best to invest part of the money and pay down the debt from money earned over the long term.

    Even at that you can wipe billions off national debt by sensible refinancing like we have been doing.



  • Advertisement
  • Registered Users Posts: 16,362 ✭✭✭✭Loafing Oaf


    Could we solve the whole pension issue in one fell swoop with the current windfall?



  • Registered Users Posts: 1,856 ✭✭✭nachouser


    Just on the Metro thing, has there ever been any price points mentioned? Luas tickets are great, but will the metro be capped in the same way.



  • Registered Users Posts: 878 ✭✭✭cosanostra


    What if we took the 65 billion surplus and put it towards something that could actually make a proper difference? I'm talking about setting up a nationwide health screening programme.

    The idea would be to get everyone to go for regular mandatory check-ups , but the frequency would depend on your age. When you're young and fit, you wouldn't need to go as often, but as you get older, they'd check you out for things typically found at that age. Screening could range from a general check up bloods, blood pressure , ECG etc. to more complex cancer screening, heart health, arteries, aneurisms stuff like that.

    This kinda programme would put some serious strain on the health service initially, we'd need to revamp the whole thing and invest a mountain of cash. More resources, better facilities, and more doctors and nurses to handle the increased demand. But here's the beauty of it: in the long run, it would actually reduce the number of people showing up with complicated medical issues.

    Think about it, if we catch diseases and conditions early on, they're way easier to treat. So, by implementing a screening programme, we'd be saving lives and making it less likely for people to end up needing more complex treatment and that means less pressure on the Health Service, a more efficient service and ultimately a health service that's cheaper to run.



  • Registered Users Posts: 13,383 ✭✭✭✭Geuze


    The cost of borrowing has jumped, it is now 2.9% over ten years.

    That's not very high, but it's well up on the sub 1.5% yields last year.



  • Registered Users Posts: 2,101 ✭✭✭Mr. teddywinkles


    Give something back to the taxpayers. Ya know that crowd that get up early in the morning, do a hard days slog and don't get home till late.



  • Advertisement
  • Registered Users Posts: 40,007 ✭✭✭✭Boggles


    The cost of reservicing the debt was locked in when the rate was low.

    2.9% is still relatively low.

    Particularly if you can secure 10% yield on investment funds.



  • Registered Users Posts: 16,362 ✭✭✭✭Loafing Oaf


    'Give it away' is a weird way of looking at it. UBI is basically a restructuring of the welfare state, amalgamating and streamlining a lot of payments that are already there. With developments in AI it seems the need for something like UBI will only get more pressing...



  • Registered Users Posts: 2,450 ✭✭✭XsApollo


    No doubt whatever they do it will be a screw up,

    should be nothing added to the current bill for running the country .

    should be capital investments only.

    another prison or 2 for scum,

    limerick cork motorway, eh actually make it cork to Sligo.

    motorway from the west of Ireland to waterford also while we are at it.

    remove vrt and vat on zero emission vehicles.

    invest in some hydrogen fuel stations, there are none in the republic currently, and hydrogen powered vehicles are coming.

    remove VAT on any home upgrades , solar panels etc. I dunno if this is the case already. There could be solar panels on every house in the country for 10-15 billion I reckon.

    need big investment in EV charging capacity , such as high capacity charging stations every 50km along our motorways, and not mixed in with petrol stations.

    whatever they do the people that actually use the country to do something for the country , (ie work) lives should be made easier , by improving infrastructure.



  • Registered Users Posts: 120 ✭✭1percent


    I was thinking about this over the last few days and the goverment should come out and announce a sovereign dividend.

    The last week of July, all ax paying citizens receive a tax rebate of €200-€500 before the August Bank Holiday. All social welfare payments recipients who are citizens will receive the same value, obviousy you receive one or the other.

    As a thank you to the taxpaying non citizen residence a rebate of 50% of the value will be issued.

    Child benefit will receive a bonus payment of 66% of the payment in August to help with back to school costs.

    This comes with a "thank you everyone, we've done realy well, go out and enjoy the long weekend"

    From a costing perspective we've a population of 5m so top end is €2.5b a mere drop in the pond of what we have. Add to that it will be circulated through the economy and taxed so net cost of prob €1b.

    We have a cracking August weekend and we all feel great

    TLDR: Coke & Hookers for some, miniature Tri-colour flags for others



  • Registered Users Posts: 1,068 ✭✭✭Murph85


    This hahaha republic would never do what im suggesting, but here it goes... proper investment in infrastructure.... large increase in defence spending... proper fighter planes and navy. Marginal rate of tax cut to 40% max with a much higher entry point... pay off national debt. Set up rainy day fund ( I believe they are doing this)



  • Registered Users Posts: 1,539 ✭✭✭sgthighway


    Build a prison and implement those ankle bracelets for people to be put under house arrest and track after release.



  • Registered Users Posts: 16,615 ✭✭✭✭osarusan


    Housing, intra-city public transport, inter-city roads, prison with serious capacity, 2,000 seater stand on the popular side in the Markets Field.



  • Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators Posts: 22,374 CMod ✭✭✭✭Pawwed Rig


    While I am being kicked in the face during an assault I will thank the State that the person was wearing an ankle bracelet



  • Registered Users Posts: 40,007 ✭✭✭✭Boggles


    We have had them before, results were, am mixed to be fair.

    The use of electronic tagging has a mixed history in Ireland. A pilot programme for 31 prisoners, which took place in 2010, was beset with technical issues. Most of the equipment malfunctioned and some offenders had to keep the devices in their pockets after the straps broke. Two female offenders had to cut the devices off after their legs swelled up.



  • Advertisement
  • Registered Users Posts: 21,952 ✭✭✭✭ELM327


    More prisons.

    More support on capital projects for renewable energy.

    Increase USC and lower PAYE with a view to moving away from PAYE, PRSI etc into one USC tax.

    Paying down national debt at a time of high inflation is simply a waste of money. Instead we should create a sovereign wealth fund and invest for growth. Cash is a depreciating asset at the moment, so no point merely saving it



  • Registered Users Posts: 1,278 ✭✭✭MightyMunster


    Isn't USC our most progressive tax? If you wanted to help people on lower incomes you'd be better off cutting VAT.

    I think spend it on capital things, infrastructure here is decades behind and needs sustained investment. Some examples but a lot more than 65 billion needed.

    Metro, high speed rail Belfast to Cork.

    Water infrastructure upgrades more reservoirs, less leaks

    Energy upgrades for government owned properties, insulate, heating controls, solar panels.

    Social and affordable housing, cost rental, affordable housing for retired people etc...

    Update the electricity grid, pay for interconnectors

    Basically invest in the country and many of these things give a return do it's a win win



  • Registered Users Posts: 21,952 ✭✭✭✭ELM327


    Another good idea would be to build social housing. But make absolutely sure there is no right to buy, and no right to bequeath, basically its your home only as long as you qualify. This would reduce the HAP bill.



  • Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators Posts: 22,374 CMod ✭✭✭✭Pawwed Rig


    That is typical of this country.

    When a baby is born they put ankle bracelets on them which (theoretically) alarm if they are taken out of the maternity unit.

    When we were taking our baby home in 2014 as we were walking out the alarm starts going off. I figured it was the ankle bracelet and was able to remove it myself and hand it to the security guard.

    Anyone could have removed it and carried the child out of Holles Street unchallenged.



  • Registered Users Posts: 11,099 ✭✭✭✭Furze99


    Could we not leave it another couple of months? Like already there are daily begging bowls out - lobbying hard for a budget that's months away



  • Registered Users Posts: 1,233 ✭✭✭crusd


    The absolute worst thing we could do with the unexpected budget surplus is use it to pay down extra on the national debt. When the economy is growing the debt is falling anyway in real terms.

    It needs to be invested in programmes that will reduce the need to borrow more in the future not in paying down debt now.

    People always fall in to the trap of believe that national debt is like a mortgage that needs to be cleared.



  • Registered Users Posts: 7,037 ✭✭✭timmyntc


    When the economy is growing the debt is falling anyway in real terms.

    The economy is not always growing - thats why you pay down your debts to give more slack for borrowing in the lean times.

    The idea that debts dont need repaid because we will always be in growth is something Yanis Varoufakis would say



  • Registered Users Posts: 1,342 ✭✭✭AyeGer


    Pay down the national debt with at least half of it.

    Some needs to be spend on bottleneck towns and villages around the country. A bypass is desperately needed around some towns.



  • Registered Users Posts: 2,101 ✭✭✭Mr. teddywinkles


    Deleted



  • Advertisement
  • Registered Users Posts: 500 ✭✭✭Marcos


    More NGO's, we need more NGO's. 5 - 6 billion annually is rookie numbers. We need more NGO's to take taxpayers money to tell us what to think & do, and lecture us about how bad we are. /s

    When most of us say "social justice" we mean equality under the law opposition to prejudice, discrimination and equal opportunities for all. When Social Justice Activists say "social justice" they mean an emphasis on group identity over the rights of the individual, a rejection of social liberalism, and the assumption that unequal outcomes are always evidence of structural inequalities.

    Andrew Doyle, The New Puritans.



Advertisement