Estonian Ambassador to Ireland Kristi Karelsohn, Lucinda Creighton TD (right) and Eddie Hobbs.
This morning.
Renua launched its 23 per cent flat tax plan proposals with a presentation of the experience of the rate in Estonia, among three Baltic states that have a fixed marginal rate.
While the appeal to high earners is obvious how will a Renua flat tax affect the most vulnerable in society?
Via Renua:
By increasing consumption, increasing wealth and providing a real incentive for people to get off social welfare, seek out a job and become economically self-reliant.
Not only are welfare-driven poverty traps eradicated under a flat tax, but minimum wage earners will be much better off by taking on additional hours of overtime, or moving from part-time to full-time work.
What our proposal does is offer a simple way to organically increase economic growth in the short, medium and longer term. Additionally, in the short-term the transition to a flat tax will provide an economic stimulus of over €3bn into the domestic economy (over a full fiscal year). People will feel the reduction in their weekly or monthly payslips and help commence the process of driving domestic growth on the high street and elsewhere.
A flat tax benefits everyone at lower income levels by creating the opportunity to work for everyone who wants to work.
It will damage the black market by making people more tax compliant.
It will reduce the number of capital-owners who locate and pay taxes overseas to avoid our punitive rates of tax here, and it will free up Irish people’s income, thereby increasing our rate of consumption.
As a society, we believe in, and defend vigorously, a flat tax of 12.5% on corporations. It works, it is simple, it is straightforward, and the flat tax variant of this should be applied to our personal incomes.
Fight!
Alternatively: Finland is going to pay all its citizens £573 a month (hungertv.com)
Wont matter cos they wont get in
next please
Eddie’s really upfront about how he’s going to give the tens of thousands of extra cash his tax plan will, coincidentally, afford him away, very good of him, altogether.
https://twitter.com/AhJayzis/status/653213729056690176
Virulent party, I sincerely hope no one buys this horseshet.
Wonder does Lucinda have a protoge that could write a nice piece of propoganda every week here.
*Job-bridger
People will feel the reduction in their weekly or monthly payslips and help commence the process of driving domestic growth on the high street and elsewhere.
-Is that a typo or a joke?
-Maybe both?
It certainly can’t be real.
You only get the tax rate if you spend on the high street?
OK
I’m sorry but I spend my cash ‘on the town’ not on the high street, because I don’t live in Ingerland although I am a flagrant Anglophile. High street? P’shaw!
“welfare-driven poverty traps….minimum wage earners will be much better off by taking on additional hours of overtime”
Jesus.
So people are only on the dole because welfare is so cushy?
Holy moly, where have they been the last few years?
Yeah, I loved being on the dole. I used to wear my ‘Work is for suckers!’ t-shirt every Wednesday on my way to the post office because of how non ashamed I was.
No need to be ashamed though really is there?
Joan isn’t ashamed to make her comments about people having nice phones and she going around with the best phone our money can buy..
You mean the best phone that TAX money can buy.
work all the time! you dont need to have a person life! 60 hours a week for the poor!
Let the rich people be richer and the wealth will “trickle down” to the poor.
Everybody wins.
What could possibly go wrong?
I think that’s the idea of this flat tax. More money in the hands of the wealthy…
It’s hard to trickle down from the Cayman islands though
For Trickle down see get pi$$ed on
Two good boots to the balls in succession.
Nice one Anne, nice one munkifisht .
I should be here in the daytime more often.
I didn’t think it could be this much fun.
If this was implemented, life would be ‘nasty, brutish, and short’ (to quote another Hobbes) for the working poor.
But the policy would be more suited to Locke.
One wonders about how likely such an outcome would be given the vastly different set of initial conditions facing the Baltic states who emerged from the USSR with a fairly level playing field in terms of wealth and Ireland who after almost 90 years of independence from Britain has been through enough boom bust cycles to centrifugally stratify the spectrums of income and wealth.
Looks like it will far more likely benefit the well off and create a greater wealth gap.
Who is this guy?
-What language is he/she speaking?
“through enough boom bust cycles to centrifugally stratify the spectrums of income and wealth”
I quite liked that part.
His/her argument is, post-communism everyone started from the same spot, so flat tax in Estonia, which would serve to exacerbate inequalities, wouldn’t be as destructive. Here in Ireland, you’re totally ridin’ the less wealth of the populace. It’s an abhorrent proposal.
“As a society, we believe in, and defend vigorously, a flat tax of 12.5% on corporations.”
What a cold, dead-eyed assessment of Irish society that says a lot about the remark’s source. The rich pay less while the poor can get a second job.
haha, the corporations will never pay 12.5%
Jay-sus.
Any party that can argue with a straight face for an increase in taxation on those earning minimum wage, while instituting a reduction in taxation for those in the top tax bracket, is completely morally bankrupt.
Not to mention them being dinosaurs on social issues.
A uniquely awful party in the next election, I think.
+1
Doesn’t Eddie’s C.V. include buying up repossessed homes in Detroit?
Yep –
http://www.independent.ie/business/irish/detroits-loss-is-hobbss-gain-30080088.html
I don’t want this type of person in politics and I wouldn’t vote for them…
Jaaz.. not so nice ending to that article
“Nice to see that there are one or two Irish vulture funds engaged in a bit of bottom feeding as well as the US variety.”
Nice one Eddie. Ya big bottom feeding vulture.
Neatly summed up.
Only redeeming feature is that they are blunt about where their cold hearts lie.
extremely awful party. from everyting, right down to the name, who they paid some PR guru fella loads to come up with… and its laaaaaaame.
Eddie is a liar who can’t keep track of his bad financial decisions and Lucinda is a naive moron if she really thinks this will benefit people. If you vote for RENUA you are a moron and deserve the Ireland where all services are completely privatised and you mostly pay tax to benefit the wealthy.
Lucinda is Mary Harney II.
Reganua
No, MH was smarter, and much more devious…
-and when I say MH I mean Mikey Harte, not Michael Jackson.
That would be MJ.
Try to keep up.
Renua feels not enough people have emigrated. Thanks for your honesty, Ms.Creighton.
I currently get paid a decent wage, cannot complain. I do not pay tax at higher bracket as my salary tops out just below my SRCOP. I do not want to pay more tax, like everyone.
Why oh why would I think it a good idea for me to pay 3% more so people who earn much more money can pay shedloads less?
Why oh why would anyone earning minimum wage think it a good idea? Have they any clue about how far the person on minimum wage is from reaching their SRCOP. Do they have any clue as to how many hours OT someone on minumum wage can likely do before coming close to paying the 40% rate.
This is clearly a policy designed to appeal only to those who both earn a high wage (nothing wrong with that) and who abhor the idea that they have any social responsibility towards those who provide them with all the services they use on a daily basis (cleaners/shop assistants/waiting staff etc).
I know everyone moans about taxes and no one likes paying them, but I’m confident that there are only a handful in this country who would vote for a party with such immoral views on social responsibility. It’s not like high earners haven’t already got plenty of political support in this country
F*pp Renua, basically
Renua my foot. It’s the old line: to make the rich work harder, pay them more. To make the poor work harder, pay them less.
It’s frightening that these and many other extremley priveleged people think this way.
Brilliantly put.
I sleep irregularly.
Can I get advance notice of the Revolution, please?
Can’t I just ‘like’ something, or something?
I would never forgive myself if I missed it, but I don’t want to wake my kids unnecessarily.
Dont worry memes, you can be the minister for apathy. We’ll let you know when the revolution starts, moynes will write up a natty limerick for ya.
So Hobbs plays Tebbitt to Creighton’s Thatcher?
Get on yer bike!!
We should be so lucky. Lucinda’s no Maggie.
I’m starting to think Lumina was pushed out and told to set up Rental to make FG look good.
No vote from me anyway
I always considered her to be competent and capable, and that she has integrity, though I wouldn’t agree with a lot of her opinions.
but this renua craic is a disaster, beginning to end.
And she looks a bit like a stuffed hamster.
Some auto correct going on in my comment….
It made it actually coherent
I thought you were trying to be witty or something :)
It could catch on? Lumina and the Knights of Rental!
Thin king of us Eddie? Aww…
oh you won’t beat the children of the revolution
no you wont beat
The Treadmill and the Poor Law are in full vigour, then?
I don’t have a reason trust any of these people, they’ve given me zero reason to want to elect them instead of others. So far their policies look mean spirited and the reason they exist was their willingness to split from the people that put them in office. Given that every FG/Labour budget has been very friendly to the rich, this looks like more of the same.
Ball-tic…very funny Broadsheet! :-)