L’Irlanda “ostacola attivamente i suoi cittadini dalla costruzione di ricchezza e dalla garanzia del loro futuro”

It’s an overly zealous attempt to level the playing field in regards to outcome, as opposed to opportunity.

Big fan of massive inheritance taxes but taxing people zealously through their lifetime is outrageous, and used to proper up a bloated public sector which is failing to deliver.

The most tax efficient way to build wealth is through pensions and property.
Which means most of people’s money is locked away from them for decades.

This is one of the many reasons why housing is so fucked.

Housing is the only thing that is a decent investment in this country. So it is commoditised to fuck and really hurts the people who just need somewhere to live.

If wealthy people had other, more efficient ways to make money on investments then they might be more inclined to stay away from housing.

cant even afford to read yon article

So many Irish people take it as an article of faith that Ireland is a prime example of capitalism run amok.

In fact, in many ways, such as here, it’s the very opposite – to the detriment of ordinary Irish people. 

The original headline was “like-north-korea-or-russia-investors-have-their-say-on-irelands-tax-regime”

Just in case anyone was going to get sympathetic based on the headline. It’s institutional investors crying they can’t get rich off speculation.