I first posted this article Feb 12th 2009 and although my timing was out by a few months the articles content is now more relevant than ever, particulary as members of the public are finally waking up to crisis that we are all in. As of the end of sept. 2009 the National Debt stood at 77,754,000,000 Euros or €35,342 for every worker in the Country (a loan which you personally must pay back). This will rise to €54,909 within three years even taking account of having had a reduction in the national budget of €4 billion in each of these years! You may notice that the term ‘Economic Civil War’ appeared here first……
Category Archive: Taxation
Feb
27
Did the Government read my blog ?
Well, I certainly hope so. I was just listening to Pat Carey the government Chief Whip on the radio conceding that it may be necessary to implement a third taxation rate! My goodness, what an absolute stroke of genius. If you look at my previous post you will see that I have suggested not just a third tax rate or possibly 15 or 20 Incremental tax rates. Now it transpires that Labour have decided to support the same policy as have Fine Gael.
Feb
25
Incremental Income Tax Rates ?
The principle of a citizens financial contribution to the State in the form of income tax has since Roman times, been correlated to some degree with the persons ability to pay. Since the introduction of the quill and abacus, determining one persons ability relative to another has been defined and refined by successive governmental administrations. …
Feb
12
“Economic Civil War” in Ireland ?
The Immediate Dangers I am of the opinion that there will be a period of what I have termed ‘Economic Civil War’ before May 2009, in which the public and private sectors will engage in very adversarial and mutually destructive behaviour as it becomes apparent that the private sector refuse to pay for the public …
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