Protecting yourself against the impending Sinn Fein "Wealth" grab

yup, we need a long term cross party approach to housing, similar to our plan on healthcare, but best of luck with actually trying to achieve that! housing is locked down, vested interests are firmly in control, virtually unbreakable, and yup, we have an extremely serious capacity problem, in regards actual building....so this decade is fcuked in regards resolving it!.....and if you think sf are bad, wait till the right nut jobs turn up after them!

yea, the expectations are simply too great, no government can achieve what needs to be done, in the time frame expected, and you can be damn sure sf's lack of experience wont help them, thats if they can even form a government, theres some serious storms ahead.....

...lurch to the far right id say, like many other countries, established parties are in trouble for a while, until they slink off and do some deep soul searching.....

...the world has moved on, again, sf have a serious government formation problem, they may not be able to get much further than that, even if they do, whatever government is formed, will be a very unstable one, and will very likely be propped up with ff and co. the world moves much quicker now, people demand change immediately, and even thats too slow, so whoever ends up in government, will find themselves on the street quicker than yea think, political instability has begun!

...the majority is over, for now anyway, sf wont be blocking the place, just like the other lads have for the last 100 years, we re in a radically new era in politics, globally, instability has begun.....

Happy to do so openly. They have all the characteristics of a fascist party from the whiteshirts marching at funerals to the control of the parliamentary party by a cabal in Belfast.

Given that SF may get into government, my ppr has gone salw agreed. I have two other properties, one rented and one a holiday home. I will be working in UK for next 4 years and wondering whether to buy there rather than here given the possible risks of Sinn Fein government. I had been planning to downs8xe to an apartment here and keep renting in UK just returning every second weekend.

We get a lot of propaganda in this country against the British, but this year, and last time I looked, they were not and are not in recession, where is we are in recession are even Germany the powerhouse of the EU is in recession.

Even when you look at unemployment, Unemployment in the UK is less than the Eurozone average, standing at 4% in May 2023 compared to 6.4% in the euro area. 

Things are not great in Britain but they are worse in the EU, especially since their second biggest net contributor (the UK ) left.

Back to the point of this thread, if Greece can seizes 500,000 Bank Accounts worth Euro 1.6 Bln - and the EU did not stop them - what is to stop SF doing the same - or more - to please their voters, when the sh*t hits the fan? I think the previous poster is prudent in looking overseas.

.....jesus, the delusion is strong in this one! everyone knows, brexit has been a terrible idea, and is doing great damage to the uk economy, and its greater society, theyre in serious trouble! the eu will bounce back a hell of a lot quicker than the uk, the uk is in for decades of pain....

...once again, an sf majority is not going to happen, theyre gonna have to pony up with ff, and others, in order to form a government, and they may not simply make it out of the negotiation stages, leading us possible towards another ffg lead government, or maybe even a hung dail, these are the most likely outcomes of the next ge, so........relax!

The UK is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP). And unlike us and Germany, it is not in recession.

You really think that wealth here - be it holiday homes or large bank accounts or whatever - will be safer here if / when SF gets in to power and need to find the money to please their power base, help pay the interest on our growing national debt etc? Especially if some of those multinationals leave half as quick as they left Cosgrave's web summit - which was extremely quick? Ireland has one of the highest per capita debt burdens in the world, around €44,250 per citizen. The burden of public debt for each person in Ireland was around €8,000 higher than the euro area average in 2022.

Please answer the question: if Greece can and did seize many Bank Accounts - and the EU did not stop them - what is to stop SF doing the same here? In total in Greece some 1.15 million people have been subjected to asset seizures, mostly money docked directly from their bank accounts.

If things got tough in the economy ( a few years ago we did not think prices would increase so much or we would have close to a dozen interest rate increases ), or say some multinationals stopped paying so much tax in Ireland for whatever reason, do you think the SF voter base would object if SF seized bank balances over 100,000, or seized holiday homes "on a temporary basis" "for the common good", or whatever?

...and once again.....

sf, may not be in government after the next ge, for the reasons outlined! ...and even if they are, ff will be keeping them in check, so, relax, the world is not about to end!

...none of the three main parties here have plans to significantly increase wealth taxes such as property taxes, so again, relax!!!

...record corporate taxes looks set to continue, so......

.....an sf lead government wont chase them away, due to this, they ll rock in behind current oecd agreed tax policies, i.e. mnc's aint going anywhere, actually dont be surprised of an increase in fdi!

... andagain, debt, including and in particular in the public domain, isnt necessarily a bad thing, as opposed to credit based debt, as its simply debt not in the private domain, its common for governments to simply role these debts indefinitely, this is much harder to do in the private domain, its also very difficult for governments in advanced economies to default on these debts, so rollie pollie! oh and credit based debt is primarily being used to simply (re)inflate the value of assets such as property and land, which in turn causes all sorts of dysfunctional economic and social outcomes....

...oh and public debt, is actually just the public entity of our money supply, again, as opposed to the private entity of our money supply, i.e. credit, of which its problems have been explained....public debt generally ends up in the bank accounts in the private domain, as its spent into the economy, providing businesses with critically needed liquidity, this was demonstrated very well during covid, as most counties moved towards deficit spending....so everyone really does win!

...ffs, seriously, stop catastrophising, a sf lead government will need lead to the end of the world, has the world come to an end after other countries recent radical changes, seriously! again, sf may not be able to form a government, so.....

Accountants have been telling landlords to sell up because interest rates are such that there is no longer a decent profit in been a landlord - nothing to do with SF.

Greece was carrying so much debt and generating so little GDP that they could no longer service their debt after the 2008 crash. It's a chronically mismanaged economy which would have previously crashed the currency, entered dictatorship and started over with a new currency it then debased. The comparison to Ireland is hysterical.

Does this mean that the shinners are planning to divest themselves of their UK property portfolio which they built up using the income from their bank robberies, smuggling, fuel laundering and protection rackets 😉

There were/are plenty of those sock puppet accounts on boards too by the way, but you are of course correct.

Nobody should be better off on welfare.

I am sick of this crap. Theres a lot of people out there with no sense of self-worth, or a desire to better themselves.

Er, no, you have got it wrong yet again.

And most accountants, privately, off the record, will put it to their clients much more strongly than that, and be certain to sell Irish assets, take definitive action - just in case - and it is not a foregone conclusion - SF get in to power. They know if they did get in to power they would significantly increase property tax, possibly - when the s*it hits the fan seize bank balances over 100,000 (like happened elsewhere), seize holiday homes "on a temporary basis" "for the common good" etc?

If they needed the money for the projects they have been promising their power base, and if there was a downturn in tax from multinationals for whatever reason - do you not think their power base would approve of that ("the wealthy being taxed" / lose much of their wealth for "the common good")? It would be very surprising if that did NOT happen, according to a few accountants I know.

The million plus savers in Greece did not think their government would take their money out of their bank accounts, but they did. And the EU did not do anything but stand idly by. "For the common good"... I can hear the words coming out of Mary Lou's and Pearse Doherty's mouth.

It is far more certain to happen than I'm sure Paddy Cosgrove thought the likelihood that Intel, IBM, Google, VW, Meta etc would pull out of his web summit at the last minute because of his slightly leftie stance / comments, but go they did, in a heartbeat.