Blog Home  Bookmark and Share

Budget for 2012

| No Comments | No TrackBacks

Given that the Minister for Finance has claimed on numerous occasions that all the low hanging fruit has been picked, why doesn't he start plucking some of the ripe, plump fruit off the highest branches? He could also give the tree a good shake and make substantial saving by cutting off dead branches and pruning back at all levels.

For example, he could introduce a third tax band for salaries above €100,000, apply a salary limit of €150,000 across the entire public sector and limit pensions in the sector to half that. Such measures would be much fairer than increasing VAT, introducing new stealth taxes and cutting key services and capital expenditure. Given that the country is effectively bankrupt, force majeure should take precedence over legitimate expectations or entitlements and it makes no sense to increase borrowings and pay additional interest simply to allow those at the top of the tree to over-ripen.

Letter published in the Irish Times on 22nd November 2011. A somewhat similar letter was published in the Sunday Business Post on 13th November 2011.

No TrackBacks

TrackBack URL: http://www.planware.org/cgi-sys/cgiwrap/bf/managed-mt/mt-tb.cgi/260

Leave a comment

OpenID accepted here Learn more about OpenID
Powered by Movable Type 4.25

About this Entry

This page contains a single entry by Brian published on December 17, 2011 10:26 AM.

Nama's Accounting Methods and the Comptroller & Auditor General was the previous entry in this blog.

Another Message to TDs about Anglo Bonds is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Top of Page