Will the mini-budget adjustment be mostly tax increases?

[patslatt]

Politics as usual would suggest that the adjustment in the mini-budget to come early next month will be mostly in tax increases and cuts in public works, with a public relations gesture offering some cosmetic spending cuts in current spending. However,politics as usual would be disastrous for the economy,given that the economy's recent unemployment increases suggest a high risk of economic depression,with unemployment rising about four times faster than in the USA.

Usually in such a situation,public works infrastructure spending is increased dramatically in Keynesian stimulus to counteract recessions.As well, taxing moderate to low income earners is avoided at all costs for fear of intensifying the downwards economic spiral through the negative impact on consumer spending. The alternative of imposing high taxes on,say,the top one fifth of incomes,those earning in the high forties upwards,including for example teachers and Gardai, would also have negative effects on consumer spending.

The best solution IMO would be to cut wasteful government current spending in order to preserve as much as possible of the public works programmes. As for which current spending to cut,for starters several billions could be chopped in the quangos and FAS,not to mention in the duplication of hospitals and the layers of redundant HSE bureaucrats.

[Vega1447]

Politics as usual would suggest that the adjustment in the mini-budget to come early next month will be mostly in tax increases and cuts in public works, with a public relations gesture offering some cosmetic spending cuts in current spending. However,politics as usual would be disastrous for the economy,given that the economy's recent unemployment increases suggest a high risk of economic depression,with unemployment rising about four times faster than in the USA.

Usually in such a situation,public works spending is increased dramatically.As well, taxing moderate to low income earners would be avoided at all costs for fear of intensifying the downwards economic spiral through the negative impact on consumer spending. The alternative of imposing high taxes on,say,the top one fifth of incomes,those earning in the high forties upwards,including for example teachers and Gardai, would also have negative effects on consumer spending.

The best solution IMO would be to cut wasteful government current spending in order to preserve as much as possible of the public works programmes. As for which current spending to cut,for starters several billions could be chopped in the quangos and FAS,not to mention in the duplication of hospitals and the layers of redundant HSE bureaucrats.

Cancel the consultant contracts and bring them in from Britain for (say)
E150K..

[patslatt]

Cancel the consultant contracts and bring them in from Britain for (say)
E150K..

German consultants fly to London to do nixers,so why not to Dublin? They receive modest pay in Germany,a fraction of our consultant pay. The crazy deal which pays all consultant the same means that the pay of the highest paid consultant specialists is paid to all the different specialists. This adds an extra estimated €60,000 a year to pay on average and maybe €180 million a year to the pay bill for the 4,000 or so consultants,both part-time and full time.