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
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Do you believe that we in Ireland are now richer than those in the UK?

  • 17-12-2024 10:42pm
    #1
    Registered Users, Registered Users 2 Posts: 17,224 ✭✭✭✭
    Ms


    I do not think so yet, but do think it is going that way and the British have only themselves to blame after leaving the EU with Brexit and that sad little Farage fellow who conned them all as well as a former British Prine Minister or 2 who took them that way.

    Live long and Prosper

    Peace and long life.



«1345

Comments

  • Registered Users, Registered Users 2 Posts: 14,171 ✭✭✭✭Geuze


    Depends what you mean by "richer".

    Our incomes are generally higher than UK incomes.

    But we are less wealthy than the UK, as they have had high incomes for longer, and so have accumulated more capital and public infrastructure.



  • Registered Users, Registered Users 2 Posts: 71,849 ✭✭✭✭L1011


    UK only has better public infrastructure in London and a few other areas. And in many cases what they have is falling apart.

    Lots of public buildings are of cheap 50s-70s construction and physically falling down (RAAC, modular construction system buildings etc). Roads and bridges are falling apart.



  • Registered Users, Registered Users 2 Posts: 11,866 ✭✭✭✭Jim_Hodge


    You can think all you like but look at all the measures available. GDP per Capita, Purchasing Power Parity, etc say otherwise. Maybe have a look at the figures rather than going with a gut feeling.



  • Registered Users, Registered Users 2 Posts: 9,884 ✭✭✭pgj2015


    The cream always rises to the top. the cream is us. we will have even more of them coming over now for the better dole.



  • Registered Users, Registered Users 2 Posts: 387 ✭✭L Grey


    Leprechaun Economics.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 6,180 ✭✭✭Charles Babbage


    GDP is not a useful measure. But even after you adjust for its uselessness we are still somewhat ahead.



  • Moderators, Business & Finance Moderators Posts: 10,683 Mod ✭✭✭✭Jim2007


    It is actually when used as a consistent base to express the measurement of other criteria over time.



  • Moderators, Business & Finance Moderators Posts: 10,683 Mod ✭✭✭✭Jim2007


    And your point is what exactly?

    There is nothing wrong with it, it just means you have to model a couple of things differently when building economic models etc.



  • Registered Users, Registered Users 2 Posts: 387 ✭✭L Grey


    Ah. Another mod. Great.

    Mod Edit: Warning issued for trolling and uncivil posting

    Post edited by Necro on


  • Registered Users, Registered Users 2 Posts: 818 ✭✭✭mikewest


    I don't think so yet but we are no longer visibly poorer.

    To use an analogy, we are like a young couple who have two good jobs, well paid and just moved into our first family home. No mega mortgage as there was some equity in the starter home. Two cars, one new or almost new and the second one step up from a banger. We are no longer renting and using the bus. They however are an older couple of empty nesters, large 4 to 5 bed house, no mortgage, two quality cars, one income and pension coming soon. They have more capital and less living costs but earning potential is now turning negative.

    Edit, as hit submit by accident: we are now in the same ballpark but they have the advantage accumulated capital. This won't last forever and we are constantly gaining ground due to generations of personal investment in education. Education is far more highly valued here than across the pond.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 726 ✭✭✭jodaw


    Ireland is not rich in pretty much an sense...

    Our weather is terrible

    Our housing access is probably the worst in the world

    Our health system is broken

    Our housing prices are high but that does not benefit anyone but investors.



  • Registered Users, Registered Users 2 Posts: 6,180 ✭✭✭Charles Babbage


    No, in Ireland's case it is not. It goes up by large amounts in normal years like 2015 and appears to decline in relatively good years like 2023. It is of very limited use.



  • Registered Users, Registered Users 2 Posts: 2,695 ✭✭✭kowloonkev


    I think our wealth is distributed more evenly than in the UK.

    Both nations rely a lot on the investment and and ingenuity of foreigners. To get that we sell a part of our freedom. Without that we'd be stuck in the 80's.



  • Registered Users, Registered Users 2 Posts: 818 ✭✭✭creeper1


    I've heard it said the UK is on par with the poorest state in the US if you remove the city of London.

    The city of London has wealth - true.

    The rest is just economically depressed and absolutely horrible place to be.

    Look at the headlines coming out of the UK and Ireland.

    UK - budget deficit and financial black holes. There's a need to allow pensioners freeze to death.

    Ireland - unprecedented surplus with massive windfalls from corporation tax. Billions from apple. Billions from multinationals. There's N a need to set up a sovereign wealth fund.

    In my mind it's not even close. Ireland is way, way richer than the UK and the gap will continue to widen.

    The numbers in numbers in this article give details on the unprecedented amount of wealth Ireland is accumulating. It really is incredible.

    https://www.bbc.com/news/world-europe-67058310

    Post edited by creeper1 on


  • Registered Users, Registered Users 2 Posts: 818 ✭✭✭creeper1


    The high house prices benefits home owners in Ireland (mainly the older generations)

    It's absurd to say it only benefits investors.

    The older generation is doing well. That is probably a big reason there was no change in voting patterns in the last election.



  • Moderators, Business & Finance Moderators Posts: 10,683 Mod ✭✭✭✭Jim2007


    It is actually when used as a consistent base to express the measurement of other criteria over time.

    And I see it used at least once or twice a week in financial models during presentations.



  • Registered Users, Registered Users 2 Posts: 7,141 ✭✭✭SteM


    Housing access the worst in the world, really? Anything to back that up?



  • Registered Users, Registered Users 2 Posts: 14,027 ✭✭✭✭8-10


    Always remember in the early 1990's how you'd cross the border up north and instantly you notice the change in quality of the roads. You go from bumpy to smooth after the checkpoints. I think a lot of their roads were redone around that time up there and everything was new and top quality and you could really feel that you were then somewhere that invested in road use way more than what we had

    Move onto now and it's the complete opposite. None of them up there seem to have been redone since and you notice the drop in quality on the roads and signage when you cross over.



  • Registered Users, Registered Users 2 Posts: 6,180 ✭✭✭Charles Babbage




  • Moderators, Business & Finance Moderators Posts: 10,683 Mod ✭✭✭✭Jim2007


    True as long as you don't let facts interfere with your opinions.

    The healthcare system is not broken, you may not like but that is reality. It ranks at 23 in the "Health and health systems ranking of countries worldwide in 2023" well above Canada, the UK and the USA and second to Australia in the Anglo Sphere.

    We've just had a general election in which according to the media housing was an issue, except it did not turn out that way. The Irish voters are not interested in fixing the housing problem unless it means that they get to own a house and the value of those houses do not fall into negative equity. The access to housing could be improved in many ways, but that is not the problem as seen by Irish voters.

    Rising house prices benefit pretty much every family in the country, hence the way the voting went. In Ireland wealth accumulation for the average citizen is promoted through property investing, so your "investors" is represented by the majority of households in the country.

    Now I happen to believe that a housing policy based on the taxpayer financing it through paying down huge loans and funding the cost of social housing is a dumb idea and that it is compounded by linking individual wealth accumulation to property prices, but it is what it is. But you can't improve access to housing without impacting the average household wealth and the voters are not having any of that.

    So believe what you will, I'm not going to argue with you because it would be pointless.



  • Advertisement
  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 41,075 CMod ✭✭✭✭ancapailldorcha


    It is rich. The problem is that Ireland being rich is extremely recent. Most European countries got fat off the back of colonial empires and used some of the profits to invest in infrastructure. Ireland got rich very recently and Charlie McCreevy made the mistake of spending the boon on tax cuts for people to spend on frivolous nonsense. Then Brexit happened and companies who relocated chose to go somewhere with good infrastructure rather than Dublin.

    While technically true, this is not the whole picture. I would argue that a newly qualified nurse in Ireland would have a much higher quality of living if she moved to somewhere like Glasgow or Leeds. She might get paid a bit less but she'll keep more of what she earns and live in a city with a lower cost of living.

    A lot of the UK is quite grim but a lot of it is wonderful as well, just like anywhere. Durham, Cambridge, Oxford, Cornwall, Manchester, Liverpool, Edinburgh, York, etc are all lovely spots and I'd take them over most of Ireland any day.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 30,668 ✭✭✭✭Wanderer78


    london maybe wealthy, a lot of it is dirty money from very questionable sources and parts of the world, tis feckin rotten



  • Registered Users, Registered Users 2 Posts: 12,638 ✭✭✭✭Frank Bullitt


    Something tells me you have never left Ireland if you believe any of that. Bloody hell.



  • Registered Users, Registered Users 2 Posts: 726 ✭✭✭jodaw


    I don't live there anymore and I have seen plenty of other countries and how they operate …

    Net result ... Ireland is run purely for profit now and the services are poor...

    Since you decided to comment on my lack of a awareness of outside Ireland. I will also comment that maybe you are stuck in a bubble and think Ireland is advanced, when in fact it is not...



  • Registered Users, Registered Users 2 Posts: 7,849 ✭✭✭Brussels Sprout


    Also depends on what is meant by the UK. There is massive regional variations, not only between the 4 countries of the UK but within those as well. Prior to Brexit several places within the UK were receiving funding aimed at severely deprived places while at the same time London was a playground for the rich and famous.

    I lived in a town in rural Devon pre-Brexit and I was shocked at the levels of poverty that I saw there. It was only then that I appreciated how much re-distribution goes on in the Irish taxation system. Several years later that region went on to overwhelmingly vote for Brexit.

    I think a lot of other places in the UK were hollowed out in the 1980s (the coal and heavy industry regions) and simply never recovered.



  • Registered Users, Registered Users 2 Posts: 726 ✭✭✭jodaw


    These are all stats based on comparing so called first world countries to other first world countries. Like a dick measuring contest when in fact, unless you pay handsomely you do not have access...

    I struggled to get access to a GP last time I was there. Now my children get a full and complete health check every single year. Full dental care and easy access. Access to therapy services etc.. on very short notice.

    If you think that rising house prices help young people, and the country in general , then you are deluded.

    Rising house prices simply makes young people's lives a misery and old people's lives extremely comfortable. Young people need a stake in a country and access to housing in almost a number one priority.

    I have just been having dinner on the patio of a beautiful house that the local government contributed 10.000 to the cost of construction. The entire property was built for 40.000.

    The house has 3 bedrooms, it has a small beauty salon and the front and the family and children are the most relaxed and accommodating I have seen I a while.

    They have a 2 minute walk to a large new shopping center with food courts, a cinema and a brand new state of the art chain gym.

    I know enough to tell you, you are been hoodwinked by news articles telling you Ireland is rich



  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 41,075 CMod ✭✭✭✭ancapailldorcha


    This is just a batch of meaningless anecdotes you've presented as "stats".

    The fact is that Ireland is a top tier country to live in. Everywhere has its pros and cons but unless you're both desperate to earn huge amounts of cash and driven and capable of doing so, there are few better countries.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 726 ✭✭✭jodaw


    Ohhgg



  • Registered Users, Registered Users 2 Posts: 726 ✭✭✭jodaw


    Of course. Going to view a place to rent in a complex with pools. Deciding there and then you want it.

    Fine, pay and deposit and rent. Thats it. Happy days for landlord. Happy days for me…

    20 minutes walk from beach and 20mins from two large shopping centers…

    Compare and contrast... Queuing with 50 people for the lastest Daft rental. Handing over the papers of your life story and knowing there and then the landlord doesn't like the look of you so you will not win the rental lottery



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 7,141 ✭✭✭SteM


    That's not backing up your statement with fact, that's just going on a rant. There are housing problems in major cities all over the world.



  • Registered Users, Registered Users 2 Posts: 30,668 ✭✭✭✭Wanderer78


    …and if you think younger generations are gonna be able to provide older generations with critical needs such as their old age health care needs, you ve another thing coming!



  • Registered Users, Registered Users 2 Posts: 8,729 ✭✭✭cml387




  • Registered Users, Registered Users 2 Posts: 12,638 ✭✭✭✭Frank Bullitt


    I have been living in Canada for 11 years now, been back and forth throughout.

    If you want to see real poverty, go to places like Vancouver where there are people strung out block after block, and see what poor services look like. Try living in the pacific north west where it can rain for 50 days straight, or even venture out a little bit where it can be -35 at times. Vancouver is also home to the richest and poorest postal codes in Canada, it has a massive housing issue with foreign buyers buying up property to launder money, and there are no real services for mental health. There is also gang violence, and it is quite common, a gang member of The Brothers Keepers was assassinated 2 blocks from my house a few years back, and that brought with it more and more escalation. Then there are the Hells Angels who run guns, drugs and human traffic.

    Here you will see some of the grimmest, poorest and broken people on earth.

    Or try buy a house in Vancouver, or Toronto where the average runs close to 1.5million for a pretty standard house.

    (This would be a candidate for being torn down once it is bought)

    (Same with this)

    (Of if you didn't want the hassle of tearing something down, you can just go for something like this)

    Healthcare is a mix of public and private, if you don't have good coverage through work then you will pay through the teeth for care.

    Grocery prices, again, are more expensive over there, you pay a lot more for a lot less and the quality is maybe a half step above the garbage you get in the states.

    It gives me a giggle when posters/people like this think Ireland is some sort of cesspit with no running water, harsh weather systems and just crime all over the place. By many metrics, Ireland is safe and prosperous, the trend mainly being that those who moan have probably been so Spain in the summer for 2 weeks, get some sun and think "I could live here", when it is just a holiday.

    You probably just don't like Ireland, fair enough, but it is not the shithole you think it is, not even by the longest of shots.



  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 41,075 CMod ✭✭✭✭ancapailldorcha


    You're just repeating yourself. You haven't backed anything at all up.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 18,402 ✭✭✭✭Idbatterim


    A rich country for decades, with appalling infrastructure... their taxes on mid to high earners is far more palatable than here... you also have political choice there... in ireland, of the bigger parties your choice is the left, the left and oh.... the left...



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 1,126 ✭✭✭Hyperbollix


    There's many metrics for this, but I'll use the case of the elderly widow on similar income/benefits in Ireland and England.

    My neighbour is late 70's, widowed 20 years. Lives on state pension in a modest bungalow in rural Ireland and as far as I know has no other private pensions etc, was always a housewife. She has the means to own an 8 year old car. Doesn't struggle to pay the essential bills although doesn't stretch to private health insurance. Has plenty in the kitty for fuel in winter and even helps out her adult children from time to time with grandchild costs where she can. Up until her age became a factor she enjoyed one or two trips a year, one at home and one abroad (active retirement) It's by no means a lavish lifestyle but she's smart with money and lives relatively comfortably.

    Similar aged widow in UK on state pension? Would she be able to buy tax and insure a reasonably modern car? Would she eat well, pay all her bills with ease and heat her home no problem. Would she be able to take a foreign trip? I seriously doubt it. For one thing she would need to set aside £170 for a tv licence!

    The fact that our elderly and vulnerable citizens are that much better off here would suggest to me we are certainly "richer" as a society, in every sense.



  • Registered Users, Registered Users 2 Posts: 30,668 ✭✭✭✭Wanderer78


    and again, ffg arent actually left parties, theyre broad spectrum centrists, with more right leaning economic policies, with a sprinkle of leftism to boot, this is particularly evident in major policies such as housing!



  • Registered Users, Registered Users 2 Posts: 4,800 ✭✭✭BlueSkyDreams


    Saying the electorate is not interested in fixing the housing crisis isn't necessarily true.

    If voters feel FFG will build more homes than SF, then voting FFG is a vote for more housing and a vote to fix the crisis.



  • Registered Users, Registered Users 2 Posts: 4,800 ✭✭✭BlueSkyDreams


    Do we not have a larger household wealth than the UK, per capita?



  • Registered Users, Registered Users 2 Posts: 30,668 ✭✭✭✭Wanderer78


    …but the reality is, this is very unlikely to happen under ffg, as theres a fundamental problem with their approach of financialisation of our markets, its highly likely we ll still be experiencing chronic housing problems into and throughout the 30's!



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 8,213 ✭✭✭SuperBowserWorld


    Ah, we will just piss the money up against wall while it's available and the greedy people will get exceedingly rich. We will not contribute to the betterment of human endeavor. It's just party time



  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 41,075 CMod ✭✭✭✭ancapailldorcha


    It is if they vote for parties who have demonstrated time and time again that they have no interest in fixing the housing crisis. Something has to give. Either people accept that they might have to eat a bit of negative equity or young people will continue to leave, the population and therefore services will drop and they'll have nobody to blame but themselves. Naturally, they've chosen the latter option.

    I'm an expat but I've warmed to the notion of returning to Ireland. That idea tends to die every time I look at property prices. I saw a job in Mayo a few weeks ago. I don't drive so living within walking distance is essential. I go to Daft and there are six properties to rent in the town. Cheapest is a flat for €1,300 a month. In the west of Ireland.

    Nah.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 83 ✭✭somofagun


    If you compare the south to the north on this island its gives you a pretty good snap shot of where things are at.

    Everything is being cut to shreds up here in the north agriculture, healthcare, infrastructure etc. all I haven't had a pay rise in 5 years and now with the latest increase in employers national Insurance contribution coming in this April I wont have a hope of getting one next year.

    I look to the south and feel that you are progressing more as a society than us here up in the north, we are most certainly being stifled by Westminster on every front.

    The UK is heading in a bad direction and it wont take much to ignite the fire.



  • Registered Users, Registered Users 2 Posts: 573 ✭✭✭StormForce13


    The other reason being that there was no feasible alternative on offer.



  • Registered Users, Registered Users 2 Posts: 18,402 ✭✭✭✭Idbatterim


    if you were a FFG voter, primarily home owners, why would you want to lower the value of your primary asset by seeing more homes built? its only a crisis for some, its not a crisis for the politicians or home owners, particularly older ones, who got their houses for nothing…

    Also FFG, we have the worlds largest welfare state and a marginal rate of tax that kicks in at a low income, they are right on housing, but they are left on other issues, they are left on any woke agenda…



  • Registered Users, Registered Users 2 Posts: 30,668 ✭✭✭✭Wanderer78


    its disingenuous to say older generations got their houses for nothing, most worked their holes off to do so, but what they did get for little effort is rapid value inflation over their lifetime, which in turn has shafted younger generations, many being their own kids and grand kids

    i could be argued many other states such as nordic ones, have much larger welfare states, with better access to health care for all, and much higher welfare payments, particularly for long term employed who happen to find themselves unemployed

    ffg are primarily right leaning economically, hence why we re now heavily dependent on wealthier entities such as mnc's, and other major sectors such as investment sectors, for our needs

    yes ffg have moved more so towards traditional left leaning policies such as marriage and abortion, which seems to be really upsetting traditional conservative voices, so much so, they have created rather pathetic language such as 'wokism', to express their distain!



  • Registered Users, Registered Users 2 Posts: 16,895 ✭✭✭✭whisky_galore


    Ah another "let's shît on the Brits" schadenfreude thread, how original.

    We are a rich country, but it doesn't feel like it. Maybe get our own show in order before clapping ourselves on the back too hard.



  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 41,075 CMod ✭✭✭✭ancapailldorcha


    Relatively speaking, by which I mean in proportion to their salaries, they did. That doesn't mean that they didn't work very hard of course. They did and did so in less safe and secure environments.

    The issue is that they're either happy with the status quo until it means they're stuck with adult children in the house or they can't be bothered voting for change. FF and FG will always seek votes in the most auspicious places.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 2,509 ✭✭✭Mr. teddywinkles




  • Registered Users, Registered Users 2 Posts: 12,638 ✭✭✭✭Frank Bullitt


    Yeah, let’s use “feelings” as an argument in the face of stats and metrics. Makes sense.



  • Advertisement
Advertisement