I was just taking a peek at the CSO website to see if anything interesting came up. I was kinda shocked to see this report that Irish residents hold 1.25 trillion (yes, trillion) in foreign equities, bonds and other securities. Even a 1% tax on that would raise 12.5 bilion, more than enough to get us on the right path.
We are still a very wealthy country - the only reason that the hairshirt line is being taken is that the wealthy do not really want to contribute. As usual the middle income earners, and the people who fell for the lie that they were wealthy (from the crumbs from the top table) are expected to pay.