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Thread: Ireland Most Open Economy in Western World - Wall St Journal

  1. #11
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    Quote Originally Posted by pluralist
    Quote Originally Posted by Maximus
    Ireland today has one of the best education systems in the world
    Debatable. According to a recent international survey of universities, only one Irish university (Trinity) was considered world class.

    Actually three Irish Univercity's were included in the most recent list of the worlds top 500 - Trinity 236th, UCC 458th, UCD 459th. By region Trinity is ranked in the top 100.

  2. #12
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    Quote Originally Posted by Maximus
    Actually three Irish Univercity's were included in the most recent list of the worlds top 500 - Trinity 236th, UCC 458th, UCD 459th. By region Trinity is ranked in the top 100.
    Right. I must have got confused and was thinking of just the top 100 by region.

    But those placings are not very impressive you would have to admit. Considering the huge volume of funds both private and public that has been poured into UCD 459th is frankly a poor showing.
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  3. #13
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    Quote Originally Posted by pluralist
    Quote Originally Posted by Maximus
    Actually three Irish Univercity's were included in the most recent list of the worlds top 500 - Trinity 236th, UCC 458th, UCD 459th. By region Trinity is ranked in the top 100.
    Right. I must have got confused and was thinking of just the top 100 by region.

    But those placings are not very impressive you would have to admit. Considering the huge volume of funds both private and public that has been poured into UCD 459th is frankly a poor showing.
    Being in the top 500 out of 5000 odd isn't bad, but obviously it would be great to see all out NUI institutions in the top 100.

  4. #14
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    Quote Originally Posted by Gladstone
    They'll talk about high tax rainbow despite them not wanting tax increaces.
    How do you know that? When Pat Rabbitte addressed the Labour party National conference he stated that Labour in government will not increase tax on the hard working families of Ireland. Why did he not just say he would not increase tax? This is the guy many believe would be the minister for finance if the "real alternative" were in power. To be quite honest nobody should really be paying any attention to what he has to say considering how often his position changes.

    Have the Green party ruled out any tax increases? Do they even know what they would bargaining for in negotiating a programme for government?

    And as for Fine Gael, yes they have said that they would not increase tax. But they have also belittled the increases announced in the last budget, saying they don't go far enough, from that I am assuming they intend to allocate more if in government. They have also said they are concerned about the economy overheating as a result of the amounts of money being released into it. So in summary Fine Gael want to increase spending without releasing any extra funds into the economy while at the same time maintaining the existing rates of tax. And even if they had a realistic proposal that didn't include spending the e-voting again, they would bend over to Labour and give them the department of finance just to get the mercs.

  5. #15
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    Re: Ireland Most Open Economy in Western World - Wall St Jou

    Quote Originally Posted by Maximus
    It has been reported that Ireland has been ranked as the third most-open economy in the world in the Wall Street Journal's latest index of economic freedom.

    The index, compiled in conjunction with the conservative Heritage Foundation, shows Ireland has jumped two places from fifth last year thanks to its low corporate taxes, unrestrictive labour force regulation and minimal barriers to foreign investment.

    Hong Kong and Singapore are the only two countries in the world with more open economies than Ireland, while Burma, Iran and North Korea were ranked as the world's least-free economies.
    Amazing how right wing everyone has become when they respond to this as though its a great accolade. Basically Ireland gets approval by right wing American capitalists because Ireland does not tax them much. The rich of other countries do well from Ireland. Only Sinn Fein challenges the low tax low spend public policy consensue. Only Sinn Fein puts the poor and deprived before the rich shareholders who read the Wall Street Journal, whether they are the poor or Ireland or of the developing world.
    RIRA not in my name-Traitors to Ireland MMcGuinness; People are entitled to cultural & social equality MLMcDonald; We have a length to go understanding unionism GAdams

  6. #16
    Politics.ie Regular Catalpa's Avatar
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    Re: Ireland Most Open Economy in Western World - Wall St Jou

    Quote Originally Posted by factual
    Quote Originally Posted by Maximus
    It has been reported that Ireland has been ranked as the third most-open economy in the world in the Wall Street Journal's latest index of economic freedom.

    The index, compiled in conjunction with the conservative Heritage Foundation, shows Ireland has jumped two places from fifth last year thanks to its low corporate taxes, unrestrictive labour force regulation and minimal barriers to foreign investment.

    Hong Kong and Singapore are the only two countries in the world with more open economies than Ireland, while Burma, Iran and North Korea were ranked as the world's least-free economies.
    Amazing how right wing everyone has become when they respond to this as though its a great accolade. Basically Ireland gets approval by right wing American capitalists because Ireland does not tax them much. The rich of other countries do well from Ireland. Only Sinn Fein challenges the low tax low spend public policy consensue. Only Sinn Fein puts the poor and deprived before the rich shareholders who read the Wall Street Journal, whether they are the poor or Ireland or of the developing world.
    Factual: Welcome to the real world!

    The poor and deprived don't get to decide Economic Policy anywhere for very obvious reasons.

    Those nice gentlemen who read the WSJ with their morning coffee have a lot more clout and influence! :twisted:

    The trick is to balance an economy that gives us a measure of wealth commensurate with our productivity and which also provides us an ability to fuel inward investment from global companies to give Irish people jobs.

    We can't ignore one or the other.

    And please remember that most Irish people are neither poor or deprived or filthy rich either.

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  7. #17
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    Re: Ireland Most Open Economy in Western World - Wall St Jou

    Quote Originally Posted by Catalpa
    Quote Originally Posted by factual
    Quote Originally Posted by Maximus
    It has been reported that Ireland has been ranked as the third most-open economy in the world in the Wall Street Journal's latest index of economic freedom.

    The index, compiled in conjunction with the conservative Heritage Foundation, shows Ireland has jumped two places from fifth last year thanks to its low corporate taxes, unrestrictive labour force regulation and minimal barriers to foreign investment.

    Hong Kong and Singapore are the only two countries in the world with more open economies than Ireland, while Burma, Iran and North Korea were ranked as the world's least-free economies.
    Amazing how right wing everyone has become when they respond to this as though its a great accolade. Basically Ireland gets approval by right wing American capitalists because Ireland does not tax them much. The rich of other countries do well from Ireland. Only Sinn Fein challenges the low tax low spend public policy consensue. Only Sinn Fein puts the poor and deprived before the rich shareholders who read the Wall Street Journal, whether they are the poor or Ireland or of the developing world.
    Factual: Welcome to the real world!

    The poor and deprived don't get to decide Economic Policy anywhere for very obvious reasons.

    Those nice gentlemen who read the WSJ with their morning coffee have a lot more clout and influence! :twisted:

    The trick is to balance an economy that gives us a measure of wealth commensurate with our productivity and which also provides us an ability to fuel inward investment from global companies to give Irish people jobs.

    We can't ignore one or the other.

    And please remember that most Irish people are neither poor or deprived or filthy rich either.

    I begin to wonder whether we care about the poor and deprived of Ireland or other countries at all?

    And remember low company tax is a beggar-thy-neighbour policy. If everyone else in the EU followed us in this race down to the bottom we would not be so well off. Setting company tax so low may have been justified once, but it isn't today. There is a huge amount of the fruits of Irelands labour going to the rich of other countries, when it could be going towards our public services or to international development in other developing countries. When the British Conservatives are to the left of every major Irish party bar Sinn Fein, I have to ask whether the "real world" requires such right wing capitalist policies in Ireland.
    RIRA not in my name-Traitors to Ireland MMcGuinness; People are entitled to cultural & social equality MLMcDonald; We have a length to go understanding unionism GAdams

  8. #18
    Politics.ie Regular Catalpa's Avatar
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    Re: Ireland Most Open Economy in Western World - Wall St Jou

    Quote Originally Posted by factual
    Quote Originally Posted by Catalpa
    Quote Originally Posted by factual
    Quote Originally Posted by Maximus
    It has been reported that Ireland has been ranked as the third most-open economy in the world in the Wall Street Journal's latest index of economic freedom.

    The index, compiled in conjunction with the conservative Heritage Foundation, shows Ireland has jumped two places from fifth last year thanks to its low corporate taxes, unrestrictive labour force regulation and minimal barriers to foreign investment.

    Hong Kong and Singapore are the only two countries in the world with more open economies than Ireland, while Burma, Iran and North Korea were ranked as the world's least-free economies.
    Amazing how right wing everyone has become when they respond to this as though its a great accolade. Basically Ireland gets approval by right wing American capitalists because Ireland does not tax them much. The rich of other countries do well from Ireland. Only Sinn Fein challenges the low tax low spend public policy consensue. Only Sinn Fein puts the poor and deprived before the rich shareholders who read the Wall Street Journal, whether they are the poor or Ireland or of the developing world.
    Factual: Welcome to the real world!

    The poor and deprived don't get to decide Economic Policy anywhere for very obvious reasons.

    Those nice gentlemen who read the WSJ with their morning coffee have a lot more clout and influence! :twisted:

    The trick is to balance an economy that gives us a measure of wealth commensurate with our productivity and which also provides us an ability to fuel inward investment from global companies to give Irish people jobs.

    We can't ignore one or the other.

    And please remember that most Irish people are neither poor or deprived or filthy rich either.

    I begin to wonder whether we care about the poor and deprived of Ireland or other countries at all?

    And remember low company tax is a beggar-thy-neighbour policy. If everyone else in the EU followed us in this race down to the bottom we would not be so well off. Setting company tax so low may have been justified once, but it isn't today. There is a huge amount of the fruits of Irelands labour going to the rich of other countries, when it could be going towards our public services or to international development in other developing countries. When the British Conservatives are to the left of every major Irish party bar Sinn Fein, I have to ask whether the "real world" requires such right wing capitalist policies in Ireland.
    A fair point Factual. But the world ain't such a nice place and I don't think other countries would worry too much if were bottom of the ************************ pile while they were rolling in it anyway.

    Look after our own first. Keeping Company tax low has worked and I put practicalities before any ideology.

    If it a in't broke don't fix it might be a good point to bear in mind here. Tough if others didn't think to implement in their own economies.

    Sure a lot of money leaves Ireland but we still manage to cream off a portion of that before it goes on it's way. It would'nt be here in the first place unless we had created the right conditions for inward investment to start with.

    This might be a bit messy and I have some qualms about it too but it's big bad world out there!
    Europa Conventus Delenda Est

  9. #19
    Politics.ie Regular Rocky's Avatar
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    Quote Originally Posted by Biffo
    Quote Originally Posted by Gladstone
    They'll talk about high tax rainbow despite them not wanting tax increaces.
    How do you know that? When Pat Rabbitte addressed the Labour party National conference he stated that Labour in government will not increase tax on the hard working families of Ireland. Why did he not just say he would not increase tax? This is the guy many believe would be the minister for finance if the "real alternative" were in power. To be quite honest nobody should really be paying any attention to what he has to say considering how often his position changes.
    Rabbitt said he wouldn't rule out a rise in taxes in some areas because he doesn't want to lose the support from the more left wing people who like high taxes in Labour, even when in a case like now they aren't needed. He also might want to keep his options open because if the world economy was to go though a recession odds are Ireland would have to increase taxes.

    Have the Green party ruled out any tax increases? Do they even know what they would bargaining for in negotiating a programme for government?
    I don't think taxes a major issue for the greens. As long as some of their proposals are brought in, I think their happy.

    And as for Fine Gael, yes they have said that they would not increase tax. But they have also belittled the increases announced in the last budget, saying they don't go far enough, from that I am assuming they intend to allocate more if in government. They have also said they are concerned about the economy overheating as a result of the amounts of money being released into it. So in summary Fine Gael want to increase spending without releasing any extra funds into the economy while at the same time maintaining the existing rates of tax. And even if they had a realistic proposal that didn't include spending the e-voting again, they would bend over to Labour and give them the department of finance just to get the mercs.
    Fine Gael want to restructure spending not increase it in other words spend the money on better more useful things. I'll ignore the final sentence.
    "Give us the future, we've had enough of YOUR past, Give us back our country, to live in, to grow in and to love..."

  10. #20
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    You talking about this? Isn't this a think-tank frequently mocked here?

    http://www.heritage.org/research/featur ... ntries.cfm

    It appears to me there is a funny correlation between this ranking and GDP/capita ranking. Must be some right-wing conspiracy this free-market thing.

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