Snippet data - viewing only, no editing possible


Label

Field name

Field value


Sitting_Date

10/10/2017 12:00:00 AM


Sitting_Forum


Snippet Ref No

SnippetRefNo

WW00200

Selected Quill

SnippetType

1

Saved Quill

SnippetType_C4D


Selected Quill

SnippetType_1

1

Speaker Name

IndxSpeakerName

Healy, Seamus

Business Category

IndxMainHeadCat

Financial Resolutions 2018

Sub Category

IndxSubTopic

Budget Statement 2018

Topic

IndxQHeadTopic


See Also

SeeAlso


Part1

TitlePart1


Part2

TitlePart2


Part3

TitlePart3


Volume

VolumeNo

960

Book No

BookNo

1

Pdf Ref

PdfPageRef

102

Default Business Index

IndexViewCategoryDefault

Financial Resolutions 2018\Budget Statement 2018

3 Part Title Business Index

IndexViewCategoryTitle


Default Topic Index

IndexViewCategoryDefaultSpeaker

Budget Statement 2018

3 Part Topic Index

IndexViewCategoryTitleSpeaker


Motion Code

MotionCode


Motion Title

MotionTitle


Stage

MotionStage


Amendment No

MotionAmendmentNo


Bill Code

BillCode


Bill Title

BillTitle


Stage

BillStage


Section

BillSection


Statement Code

StatementCode


Statement Title

StatementTitle


Stage

StatementStage


Hour Indicator

HourIndicator

Not applicable

Procedural Instruction

Procedural_Instruction

No

Debate Adjourned

DebateAdjourned

No

Question Askee

QAskee


Question Asker

QAsker


Question Department

QDept


Question ID

QID


Question Reference

QRef


Question Speaker PID

QSpeakerPID


Question Speaker PID To

QSpeakerPIDTo


Questions Asked

QUESTIONSASKED


Speaker Type

SpeakerType

1

Speaker Name

Senator


Deputy


Minister


Witness


Chairman


ViceChairman


ActingChairmanD


ActingChairmanS


Speaker4Display

Speaker4Display

Deputy Seamus Healy

Speaker

Speaker

Deputy Seamus Healy

SpeakerPID

SpeakerPID

SeamusHealy

SpeakerText

SpeakerText

Seamus Healy

OriginalUnidSnippet

OriginalUnidSnippet

D0F1AD58FC067C17802581B50078B76E

LastModifiedSnippet

LastModifiedSnippet

02/11/2020 03:47:31 PM

TopicIndex1stCategoryValues

TopicIndex1stCategoryValues

Snippet Contents:

Today's budget is shamefully inadequate, given the extreme crisis in housing and health and the need to restore cuts in welfare, disability provision, public service pay and pensions and many other areas. Some might say today's budget is a missed opportunity, but not so. It is, rather, a conscious decision, a conscious and deliberate policy, by Fine Gael, the Independent Alliance and Fianna Fáil to protect the massive increase in wealth of the Irish super rich from fair taxation and to make further tax concessions to them. Prudent budgeting does not require limiting of spending to the shamefully low figures in today's budget. The European Union fiscal treaty does not require it either but it does not forbid extra revenue-raising, provided it is recurrent. Significant additional income could have been raised if the Government was prepared to make the super rich pay their fair share of taxation.
Here are the facts. On GDP per head, Ireland is wealthier than Germany, the United Kingdom, the United States, France and Italy. Overall, Ireland is ranked eighth in the world. The richest 12 in Ireland have €50 billion in total assets, having gained €6 billion in the last year alone. The top 300 have €100 billion, having gained €12 billion in the last year alone. The financial assets of the top 10% are €37 billion above the peak boom levels of 2006. The top 10,000 of personal income recipients have incomes totalling €6 billion per year, or average incomes of €600,000 per year each, and they have received the full benefit of income tax and USC reductions in the last two budgets and again today. The top 5% of all income recipients, on average incomes of €180,000, have received income tax and USC reductions in the last two budgets totalling €172 million. Today, they again benefit to the full from income tax and USC changes. Today, again, the fabulously wealthy will escape any additional imposition on their massive and growing wealth. In fact, they get €90 million out of today's budget.
This is a regressive budget. The Society of St. Vincent de Paul in its pre-budget submission correctly stated that Government policy has created an unequal nation. The society stated that the top 1% increased its share of income by 20%, but the share of income of the bottom 50% has fallen by 15%, and one in four one-parent families live in consistent poverty. Government policy is shameful, cruel and anti-human. It makes the British landlords of old appear like charitable figures by comparison. There is one simple explanation. Fine Gael, the Independent Alliance and Fianna Fáil are determined to protect the Irish super rich from fair taxation.
First, tax and USC relief on the top 10,000 income recipients should be withdrawn, giving a saving of some €10 million. Instead, a higher marginal tax rate should be imposed on all individual incomes over €150,000 per year. A wealth and assets tax must be imposed on the super rich while protecting small property owners. Skilled Department of Finance accountants will have no difficulty in sourcing three times the revenue the State is collecting solely by extra taxes on the super rich. For example, the wealthiest 12 would hardly miss €1 billion out of the €6 billion they have gained in the last year alone and the top 10% of financial asset holders would hardly miss €1 billion from the €35 billion above what they had at peak boom levels in 2006. These measures would transform the Government's ability to spend on housing and health, but the Government and Fianna Fáil are protecting the super-rich.
Today is world homelessness day. The proposals in this budget in respect of housing are scandalous. The Government's policy of relying on developers and the market to solve the housing emergency has been a disaster for families, yet this policy is continued in today's budget, again showing the support by Fine Gael, the Independent Alliance and Fianna Fáil for the rich and powerful in our society. There is no change in housing policy in this budget. Not a single additional house will be built as a result of the budget proposals. The Government is persisting with its disastrous housing policy and, outrageously, it is continuing to evict families from their homes into a horrendous housing crisis through the banks it itself owns, Allied Irish Banks and Permanent TSB. The Government policy of reliance on the market has created a housing emergency, rising homelessness, rising non-affordability and rising rents. The conscious decisions by successive Governments to outsource house building to a profit-dominated, land-speculative, developer-led market has created homelessness and deaths on our streets. The market system has failed and is entirely dysfunctional. Hundreds of thousands of citizens are affected and large numbers of children are being damaged. Over 90,000 families languish on local authority housing waiting lists, a figure that has doubled since 2005.