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Thread: The €22bn hole

  1. #11
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    Quote Originally Posted by Bi ciuin View Post
    Shame on you all.

    Dont you know by Voting Yes to Lisbon you are also voting yes to recovery and yes to jobs!

    Dont ask about details, just ignore reality and join the rest of the sheep and vote Yes!
    Yea, just like Spain.
    La ilaha illa Enda.

  2. #12
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    Quote Originally Posted by Cassandra Syndrome View Post
    Cut VAT to stimulate the economy. Cut taxes.
    Next on the household budget is mortgages. Give people 1 year to pay interest only as part of NAMA deal. Same on all loans.
    I would love VAT to be lower but I don't see it making any difference. Most of the products we buy which have high VAT are imported. Even dropping from 21.5 to 15% would onky knock E54 off say a E1000 TV.

    We need to sell any not core assets although not sure much left.

    Not a particular fan of Public Private Partnerships like toll roads but would be worth discussing for schools and hospitals as it spreads the cost into the future. Current spending is gone as soon as we spend it whereas capital should pay is back in the future...

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  3. #13
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    Quote Originally Posted by dunno View Post
    There will sooner be a squadron of pigs overhead than FF introducing a wealth tax.



  4. #14
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    Carbon tax my hole ,they will tells us its not a tax,that its for the good of the environment my arse(fupping guilt taxes).Before long old people won't be able to warm themselves with those carbon tax rapists.This carbon tax lark is just another way of pauperizing and controlling people ,its a sham scam a load of complete and utter billix.
    The fupping global climate change lark is getting worse than shaggin religion.
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

  5. #15
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    Quote Originally Posted by Harmonica View Post
    I would love VAT to be lower but I don't see it making any difference. Most of the products we buy which have high VAT are imported. Even dropping from 21.5 to 15% would onky knock E54 off say a E1000 TV.
    But wouldn't it be much more likely that that 15% vat would go to the Irish Goverment, rather than the UK Goverment?

  6. #16
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    I don't know how true this is but I heard a group of Japs wanted to built the luas job for shag all and hold it for 15 years and hand it back for nothing,thus getting the fares for 15 years,but Bertie the thick wouldn't have any of that.He was afraid it would upset dublin bus or some other shower.
    Quote Originally Posted by Harmonica View Post
    I would love VAT to be lower but I don't see it making any difference. Most of the products we buy which have high VAT are imported. Even dropping from 21.5 to 15% would onky knock E54 off say a E1000 TV.

    We need to sell any not core assets although not sure much left.

    Not a particular fan of Public Private Partnerships like toll roads but would be worth discussing for schools and hospitals as it spreads the cost into the future. Current spending is gone as soon as we spend it whereas capital should pay is back in the future...
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

  7. #17
    Politics.ie Member Sync's Avatar
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    RE: VAT, I'd agree with Harmonica. With the pound nose diving the way it is, reducing Irish VAT won't have much of an effect at all, to the point where we're probably better off taking what we can get with it.

  8. #18
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    The reality is you can't get that much extra money out of this economy and certainly not in the timescales that's needed.

    The only sure way to increase tax revenue is to increase economic activity. Right now exports are increasing slowly and leveling more taxes on them (increasing their costs) will only damped it.

  9. #19
    Politics.ie Member Dreaded_Estate's Avatar
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    Quote Originally Posted by Baron von Biffo View Post
    5% cut in PS wages - less than €500M
    5% cut in all social welfare - less than €800M
    10,000 redundancies - cost €500M+

    Increased costs of social welfare due to downstream job losses €?
    Loss of revenue due to downstream business collapse €?
    Increased health costs €?
    Increased justice costs €?
    Damage to long term investment through education cuts €?

    Lives destroyed?

    So how would you close the €22bn hole?

  10. #20
    Politics.ie Regular TradCat's Avatar
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    The complete privatisation of health and education will have to be considered in the long-term with the state acting as a buyer of last resort for those who can't afford to pay.

    We simply can't afford public services at the level we appear to believe we are entitled to them.

    We can't afford to pay the dole at the rate we do. we can't afford to lash out children's allowance to all and sundry. We can't afford the all powerful state that most of our politicians and commentators seem to think we need.

    We need to shrink the state to a realistic level and if that isn't sinking in now then it will later.

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