Archive for the ‘Dáil Issues’ Category
Adam Smith, that high-priest of free-market economics, believed that there were four principles for running a capitalist taxation system. Taxes should be equitable, non-arbitrary, convenient
to pay, and with some kind of return for citizens. These four ideas are said to underpin how capitalists think a taxation system should be run. It is ironic, then, that the new property tax proposed in this week’s budget fails to meet even one of these four principles. This is a government pursuing a form of nakedly neo-liberal capitalism that would make even Adam Smith blush.
Marie from North County Dublin has had a home help carer for 18 years. Earlier this year she had this provision cut from 7 hours per week to 2.5 hours and last month this was further cut to two ½ hour slots on a Thursday and Friday morning.
Marie, who lives alone, has Osteoporosis, pathological fractures in her spine and has had mobility problems for over fifteen years. She has degeneration in her hips and is awaiting a hip replacement. Her medical condition causes her severe pain and greatly limits her mobility.
In a recent publication, The Case for a Financial Transaction Tax, the Irish Congress of Trade Unions made a well-argued call for a tax on financial transactions such as stock trading and derivatives trading. There is, in fact, a growing push across Europe, and not just from the Left, for a tax on this multi-billion-Euro sector of the economy. As ICTU point out, this tax could raise a staggering €57 billion across Europe. And this would be at the infinitesimal rate of 0.01% to 0.1%; a moderate tax that would do little to hamper an industry which already escapes from paying VAT.