Amazing strategy. The handful of billionaires in Ireland would definitely stick around and not just move to Monaco or wherever.
SoloWingPixy88 on
We do.
Smart_Highway_7011 on
Any political philosophy which hinges on one simple individual thing being changed that somehow fixes the wide variety of complex issues across society is just fantasy.
atomictankjk on
Who do you think currently pays majority of the tax? Top 10% of earners pay roughly 2/3 of income tax and foreign owned multinationals paid almost 90% of corporation tax.
AgentSufficient1047 on
At 31, I agree.
For years in college and early work in IT I was clung to the idea that taxing wealth would only stifle growth and innovation. There’s the age old adage about taxation that “you will eventually run out of other people’s money”
Now I see AI will concentrate wealth and growth into the select hands of the superwealthy and drive millions of people out of work.
I don’t see it becoming a leisurely utopia, or that AI can create new jobs like the Internet did. It will gut the middle class as far as I can tell.
The current system we have is one that exacerbates inequality. A shift in policy can only work if the USA jumps first, because if Europe implemented superwealth taxes, the tax pool would flee to low tax havens. But I dont see America getting their shit together anytime soon in order to have that meaningful and frank conversation about how to save their own people from the dystopian future were hurtling towards.
The 2021 OECD minimum corporation tax rate agreement is a hopeful blueprint for how the world can work together to solve this.
puca_spooka on
Do we even have that many billionaires living in Ireland? Like I get we have companies that make billions but there’s hardly that many individuals?
Kier_C on
I think your confusing Ireland and wherever this billboard is.
What makes you think we don’t tax the rich?
Bill_Badbody on
We do tax the wealthy.
What we dont do it is tax those on below average incomes.
>Top 7.7% of earners now paying more than half all income tax and USC, report finds
Character_Common8881 on
Will taxing our 5 billionaires solve our issues?
Dh0ine on
Keep in mind that people who believe in this are allowed to vote.
MiddleAgedMoan on
Whenever inequality or injustice is being discussed, what I can never get away from is that we live in a world where there is more than enough food to go around yet people, many of whom are children, starve to death every day.
While the inequality in developed countries like Ireland is not as stark, why would we believe that the principles of greed and selfishness would be any different here?
corporal_clegg69 on
Because their money is global and doesn’t have to be here. You get to this point even being a millionaire. Once you use up all your tax breaks in income (pension, isa etc) the only thing you can do to stop the tax man taking your money is keep it in a company. The problem is investment and waste. Taxes are higher than ever.
12 commenti
Amazing strategy. The handful of billionaires in Ireland would definitely stick around and not just move to Monaco or wherever.
We do.
Any political philosophy which hinges on one simple individual thing being changed that somehow fixes the wide variety of complex issues across society is just fantasy.
Who do you think currently pays majority of the tax? Top 10% of earners pay roughly 2/3 of income tax and foreign owned multinationals paid almost 90% of corporation tax.
At 31, I agree.
For years in college and early work in IT I was clung to the idea that taxing wealth would only stifle growth and innovation. There’s the age old adage about taxation that “you will eventually run out of other people’s money”
Now I see AI will concentrate wealth and growth into the select hands of the superwealthy and drive millions of people out of work.
I don’t see it becoming a leisurely utopia, or that AI can create new jobs like the Internet did. It will gut the middle class as far as I can tell.
The current system we have is one that exacerbates inequality. A shift in policy can only work if the USA jumps first, because if Europe implemented superwealth taxes, the tax pool would flee to low tax havens. But I dont see America getting their shit together anytime soon in order to have that meaningful and frank conversation about how to save their own people from the dystopian future were hurtling towards.
The 2021 OECD minimum corporation tax rate agreement is a hopeful blueprint for how the world can work together to solve this.
Do we even have that many billionaires living in Ireland? Like I get we have companies that make billions but there’s hardly that many individuals?
I think your confusing Ireland and wherever this billboard is.
What makes you think we don’t tax the rich?
We do tax the wealthy.
What we dont do it is tax those on below average incomes.
https://m.independent.ie/irish-news/almost-four-out-of-10-irish-earners-are-paying-no-income-tax-says-revenue/a974294410.html
>Almost four out of 10 Irish earners are paying no income tax, says Revenue
https://www.irishtimes.com/business/2024/05/28/top-77-of-earners-now-paying-more-than-half-all-income-tax-and-usc-report-finds/
>Top 7.7% of earners now paying more than half all income tax and USC, report finds
Will taxing our 5 billionaires solve our issues?
Keep in mind that people who believe in this are allowed to vote.
Whenever inequality or injustice is being discussed, what I can never get away from is that we live in a world where there is more than enough food to go around yet people, many of whom are children, starve to death every day.
While the inequality in developed countries like Ireland is not as stark, why would we believe that the principles of greed and selfishness would be any different here?
Because their money is global and doesn’t have to be here. You get to this point even being a millionaire. Once you use up all your tax breaks in income (pension, isa etc) the only thing you can do to stop the tax man taking your money is keep it in a company. The problem is investment and waste. Taxes are higher than ever.