If the burden of cuts was shared more boradly, would you be more willing to accept some cuts? The reason I ask this is that there is an elephant in the room but nobody is talking about it. We're in this mess because of a speculative bubble in the residential property market. Much of that was fueled by a rush of buy to let investors. Many of these buy to let investors are still now receiving a direct subsidy from the state in the form of rent allowances from the Department of Social Welfare and the HSE, and tax reliefs from the Revenue Commissioners. These subsidies are placing an artificial floor on rents for all tennants in an oversupplied market, rents are not falling in the manner that they should. If tackling this issue were to become a corner stone of any new agreement, along with a US style tax system*, would it make you more ameniable to a deal?
* All Irish Citizens to be liable for Irish Income Tax on their world wide income with discounts equivalent to tax paid in the country where it was earned up to a maximum of the equivalent Irish Rate.



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