Dont want to debate whether or not we should pay to bail out banks as this is debated eslewhere - for the record, I dont agree with bailing out Anglo. Just want to
Lets assume that the banking crisis is going to cost us €50bn - which is higher than the figures in the mid 30s being bandied around right now.
With a population of 4.25m, this equates to €11,764 per capita.
Paid over a 10 year period, it equates to €1,176.4 per annum or €22.62 per week.
I, for one, am paying multiples of this amount in additional taxation/levies. So is my wife. So we are paying more than our fair share.
Yes, this is a per capita figure, so it includes non-earners. We have 2 young children. Each has lost c.€24 per week in lost early childcare suppliment and reductions in child benefit. So my 2 young children, who have no earnings, and werent alive when the debts were run up, are also paying more than their fair share.
And remember, we've also suffered through cutbacks in Government services and additional stealth taxes. And doesnt include cutbacks and tax rises to come over the next couple of years.
So, who's not paying? If the "average" family is paying multiples of its quota, then it follows that the majority of the population must be paying little or nothing. Why?
Lets assume that the banking crisis is going to cost us €50bn - which is higher than the figures in the mid 30s being bandied around right now.
With a population of 4.25m, this equates to €11,764 per capita.
Paid over a 10 year period, it equates to €1,176.4 per annum or €22.62 per week.
I, for one, am paying multiples of this amount in additional taxation/levies. So is my wife. So we are paying more than our fair share.
Yes, this is a per capita figure, so it includes non-earners. We have 2 young children. Each has lost c.€24 per week in lost early childcare suppliment and reductions in child benefit. So my 2 young children, who have no earnings, and werent alive when the debts were run up, are also paying more than their fair share.
And remember, we've also suffered through cutbacks in Government services and additional stealth taxes. And doesnt include cutbacks and tax rises to come over the next couple of years.
So, who's not paying? If the "average" family is paying multiples of its quota, then it follows that the majority of the population must be paying little or nothing. Why?