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Thread: Income tax increases to maintain public sector pay increases

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    Default Income tax increases to maintain public sector pay increases

    With the EU Commission forcing the government to spell out the details of its 2011-2014 budget plans,the public sector unions and professions will be alerted to mount sustained campaigns to avoid pay cuts,pension contribution increases (even if called for by pension actuaries) and significant redundancies in the four years of austerity. As a result,a desperate government will probably increase tax rates drastically on incomes and introduce rates on houses. It will do so even though the frenzy of tax increases in Lenihan's past three budgets have killed consumption, contributing materially to the economic depression. Ireland is facing a double dip depression and a lost decade like Japan's.

    My post on this subject in March 2008 largely proved out http://www.politics.ie/920732-post1.html
    Last edited by patslatt; 2nd October 2010 at 06:38 PM.

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    Quote Originally Posted by patslatt View Post
    With the EU Commission forcing the government to spell out the details of its 2011-2014 budget plans,the public sector unions and professions will be alerted to mount sustained campaigns to avoid pay cuts,pension increases (even if called for by pension actuaries) and significant redundancies in the four years of austerity. As a result,a desperate government will probably increase tax rates drastically on incomes and introduce rates on houses. It will do so even though the frenzy of tax increases in Lenihan's past three budgets have killed consumption, contributing materially to the economic depression. Ireland is facing a lost decade like Japan's.

    My post on this subject in March 2008 largely proved out http://www.politics.ie/920732-post1.html
    croke park deal anyone

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    Quote Originally Posted by patslatt View Post
    With the EU Commission forcing the government to spell out the details of its 2011-2014 budget plans,the public sector unions and professions will be alerted to mount sustained campaigns to avoid pay cuts,pension increases (even if called for by pension actuaries) and significant redundancies in the four years of austerity. As a result,a desperate government will probably increase tax rates drastically on incomes and introduce rates on houses. It will do so even though the frenzy of tax increases in Lenihan's past three budgets have killed consumption, contributing materially to the economic depression. Ireland is facing a lost decade like Japan's.

    My post on this subject in March 2008 largely proved out http://www.politics.ie/920732-post1.html
    more money will be needed to cover pensions, the liabilities for which, I understand may make NAMA look like a tea party

    could be up to 3% on the top rate

    Croke Park deal in the bin!!

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    Default Public Sector

    The Public Sector Pensions should be cut first.They will cost more than Nama in the long run.Judges pay should be cut.All Public sector workers earning over 50,000 should face a pay cut.But this will not happen because the goverment is afraid of the unions.
    Quote Originally Posted by patslatt View Post
    With the EU Commission forcing the government to spell out the details of its 2011-2014 budget plans,the public sector unions and professions will be alerted to mount sustained campaigns to avoid pay cuts,pension increases (even if called for by pension actuaries) and significant redundancies in the four years of austerity. As a result,a desperate government will probably increase tax rates drastically on incomes and introduce rates on houses. It will do so even though the frenzy of tax increases in Lenihan's past three budgets have killed consumption, contributing materially to the economic depression. Ireland is facing a lost decade like Japan's.

    My post on this subject in March 2008 largely proved out http://www.politics.ie/920732-post1.html

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    There'll be redundancies in the PS in the new year, they will probably mostly among the lower paid . The Croke park deal was never going to be a runner and the beards knew this.

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    Quote Originally Posted by charley View Post
    There'll be redundancies in the PS in the new year, they will probably mostly among the lower paid . The Croke park deal was never going to be a runner and the beards knew this.
    So they will cut the workers and keep the managers

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    Quote Originally Posted by charley View Post
    There'll be redundancies in the PS in the new year, they will probably mostly among the lower paid . The Croke park deal was never going to be a runner and the beards knew this.
    was surprised last night to hear Rabitte on VB show indicating that if he was minister for finance that the numbers in the PS would have to be looked at-he mentioned a voluntary redundancy scheme


    he refused to be drawn however on futher paycuts in the PS

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    Quote Originally Posted by shannonBlueShirt View Post
    So they will cut the workers and keep the managers
    Loads of chiefs but no indians.

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    Quote Originally Posted by patslatt View Post
    With the EU Commission forcing the government to spell out the details of its 2011-2014 budget plans,the public sector unions and professions will be alerted to mount sustained campaigns to avoid pay cuts,pension contribution increases (even if called for by pension actuaries) and significant redundancies in the four years of austerity. As a result,a desperate government will probably increase tax rates drastically on incomes and introduce rates on houses. It will do so even though the frenzy of tax increases in Lenihan's past three budgets have killed consumption, contributing materially to the economic depression. Ireland is facing a lost decade like Japan's.

    My post on this subject in March 2008 largely proved out http://www.politics.ie/920732-post1.html
    I'm having difficulty trying to square your logic, Public Sector wage levels are going to be cut, the Croke Park Agreement has a clause which allows cuts under the type of economic conditions that exist at present.

    Increased taxes are inevitable, Public sector wage cuts are inevitable, one will not prevent the other.

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    Quote Originally Posted by Alternate View Post
    Increased taxes are inevitable, Public sector wage cuts are inevitable, one will not prevent the other.
    +1

    The number of people who still think it is a either or choice is unbelievable.
    We are going to need massive tax increases and massive spending cuts and some very healthy growth to just to get out of this mess.

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