There really is no getting out of this fiscal corner
There really is no getting out of this fiscal corner
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There really is no getting out of this fiscal corner
4 comments
There really is no getting out of this fiscal corner
There really is no getting out of this fiscal corner
Late reply to my own post, but I think an underappreciated point here is that people recognise things are really bad, but don't recognise that that means there's little room for manoeuvre.
Increase tax on the wealthy. There is room to manoeuvre, they just don't want to do that. Oh, and the triple lock needs to be killed, but they certainly won't have the stones for that.
Close down the tax havens, penalise countries that don't close down theirs, and charge tax on digital services at the location of sale to prevent every company extracting their profit through Ireland. And this is just from the top of my head.
This article is good, but only considers income tax as a revenue stream for the government. The reality is there are lots of avenues.
Corporation tax has dropped from 40% in 1980 to 19% today.
The blog post does address that point!
I agree, there's some room for manoeuvre, but there are no options with no downsides. Chaminda Jayanetti had a good thread of (left-leaning) suggestions over on BlueSky. And he agrees with you about the triple lock, too.