Irish Budget 2011 - Cuts and Taxes - Who Should Pay for the Crisis ?

[Apjp]

Constantin Gurdgiev posted this short blog, full of graphs showing the downward pressures on tax take - although there was a recent small lift in sales that generated VAT.

http://trueeconomics.blogspot.com/20...ts-burden.html

There's discussion about cutting child benefits and whether it should be means tested.

A cut in child benefit would hit precisely the same group of people that is paying mortgages for bubble-priced negative equity property.

Is that being considered ?

new constitution should see abolition of universal child benefit-what do the higher earning upper middle class and the rich need it for???

[Apjp]

Please note that in these zombie estate times is running out fast. A simple example is that the sewage is open and being infested with rats and they are travelling to the occupied homes. Furthermore, the semi developed dwellings arefast coming to a state that the only option is to knock them down. Dampness and erosion of mortar is a major factor in this. Also they were started with built in environmental protection to the structure of the walls, this also has been eroded from over exposure to the weather.

I know, and the more of these homes that is left to rot, the more nama is deemed a failure.

[C. Flower]

Rita Fagan on VB is talking sense, and talking about the emigration, suicides and drugs that are all that some people have to turn to.

[Kev Bar]

If it's all getting too much...am informed by taxi driver that BOI ATMS are giving out even if nothing in.

[Lapsedmethodist]

Rita Fagan on VB is talking sense, and talking about the emigration, suicides and drugs that are all that some people have to turn to.

The emigration bit I can understand but the rest ? You'd think there'd never been a cycle of boom and bust before......so much for the much vaunted theory of "folk memory "
.

[TotalMayhem]

If it's all getting too much...am informed by taxi driver that BOI ATMS are giving out even if nothing in.

So? If you don't have an authorized overdraft you'll be hit with massive fees in the morning when the ATMs are back on the network.

[Lifeisagame]

Hey I know I have posted a lot-but here is what I believe FF will do in December.

Cut funding of HSE by circa 700 million euro-many financial commentators reckon 400-500m, I reckon higher based on the fact that all the hospitals will have huge ward closures and some may even close altogether.
Integrate Govt departments to save a few million.
Cut Fas's funding heavily, and scrap many courses.
A social contribution tax for all workers, and employers.
Frozen, or higher VAT.
Frozen or higher income taxes.
Higher carbon, and plastic bag tax.
Lower motor tax.
Lower alcohol duty, higher cigarette and petrol tax.
second property tax.
an income levy for all high earners-with exemptions for employers one expects.
a pay cut for politicians, and a voluntary redundancy scheme for the public sector.
Water tax.
lower fuel allowance.
cut social welfare by roughly 10 percent(probably more).
a paycut-though small proportionately-of semi state and quango bosses.
upto 50 quangos will go.
lower budgets for councils.
public transport cutbacks-less funding for the CIE.
expected semi state redundancies-aer lingus, i.eireann, dublin bus, bus eireann, etc. will save govt some money.
text tax raising 60-100m.
widening of the tax base-should do this anyways.
An increase of tuition fees from 1500 to about 2400, and for eu students and foreign students too.
Also, grants will be cut by about fifteen percent in my view. I already know that college student funding by way of SAF and rent schemes have been.
First come first served HEA grant basis.
Lower state pensions to about 210-215(that was the stone that killed cumann na gaedheal).

So what are you going to do?

[Apjp]

If it's all getting too much...am informed by taxi driver that BOI ATMS are giving out even if nothing in.

may as well try this in morning...with ulsterbank card..

[C. Flower]

A lot of complaints from those with wage packets about the size of the dents in them....

[TotalMayhem]

Friend of mine, a very dedicated teacher, lost 960 Euro every month, basically financing one additional person on the live register from her wage cuts. She has now decided to retire in November, as soon as she's eligible. Two of her younger colleagues emigrated last summer (and haven't been replaced since).