We need to cancel all Debt in Ireland

[Tressell]

Does that include Sean Dunne and his 80 grand chess set?



P.

Nice queen.

[Colmc]

Nice queen.

80 grand chest set

[X-ray]

uhh.. your taxes and your children's taxes will be spent bailing out corrupt bankers... bankers who intentionally took needlessly dangerous risks because they were greedy...

you gonna go shoot them?

Well i can assure you if my tax and various levies continue to rise or indeed stay as they are I will reduce my tax burden by reduces the hours I work. There is no incentive for anyone to continue working at the marginal PAYE tax rate unless they are enslaved by debt. My marginal pay is non pensionable, by the time I pay the higher tax rate, PRSI A, income levy, pension levy and health levy it really is not worth my while. Doubtless there will a pay cut too in time.
So actually no my taxes wont be bailing them out, I will be reducing the amount of tax I pay if this continues. If there is nothing in it for me, and there is nothing in paying someone elses debt by working harder, I will not do it. This makes perfect economics sense for me as an individual but will destroy the economy further when replicated.

[X-ray]

I'm fine with this solution, but I think it's naive to think that this, or any, government will start treating (typical) tax payers like (bank) executives...

If market fairness is to be predicated on government regulators and politicians treating us all equally then you might as well just forgive all the debt... though neither will actually happen.

Rich people will get bailed out by normal people WHILE complaining that normal people are lazy, incompetent fools, unable to manage their money.

Yes, excuse me AIB CEO if I ALSO want to own a house... I deserve to be punished when you game the system to the point of collapse... you don't.

There is a little problem called democracy that might upset that plan. Someone can be elected in the morning to decide to do the opposite and politics always follows economics. There has never been a war that was not econmically based. People alway know what side the butter is one and it is not on the side of paying for AIB or any other celtic tiger arse off. I for one am about sick of some arse standing outside the IFSC on the six one news telling the rest of us what we need to be doing. The banks are a complete right off, it is not politically possible for them to get out of this one. The idea of 6 nationalised banks of the main street is a joke, they will all close bar one and those that lent them money will be one their own. I personally would not leave too much cash sat in a bank if you think you might need it in a hurry.

[lies]

Well i can assure you if my tax and various levies continue to rise or indeed stay as they are I will reduce my tax burden by reduces the hours I work. There is no incentive for anyone to continue working at the marginal PAYE tax rate unless they are enslaved by debt. My marginal pay is non pensionable, by the time I pay the higher tax rate, PRSI A, income levy, pension levy and health levy it really is not worth my while. Doubtless there will a pay cut too in time.
So actually no my taxes wont be bailing them out, I will be reducing the amount of tax I pay if this continues. If there is nothing in it for me, and there is nothing in paying someone elses debt by working harder, I will not do it. This makes perfect economics sense for me as an individual but will destroy the economy further when replicated.

That's a contradiction...

You can't NOT pay taxes AND pay reduced taxes.

All you're saying is that you'd rather be poor and pay less to bail out bankers.... fair enough, but you're family and your friends will have to pick up your slack... no matter how poor you make yourself..

Every cent you pay in taxes will, for the foreseeable future, partially be used to bail out the crooks which screwed us all.

[lies]

A culture of easy reward encouraged British bankers to make an "astonishing mess of the financial system" and regulators need to consider whether banks should be broken up, British politicians said on Friday.

"The culture within parts of British banking has increasingly been one of risk-taking leading to the meltdown that we have witnessed," a cross-party committee of politicians said in a damning 121-page report into the collapse of the banking sector.

The Treasury Select Committee made a series of recommendations and said the possible split of retail and investment banking arms remained a "live issue which requires further debate".

Bankers Slammed for 'Astonishing' Financial Mess - Britain * Europe * News * Story - CNBC.com