Is the household charge fair ..
.. and if not, will you refuse to pay it?
Yes and yes for me.
Given that the tax is for local services why should Michael O'Leary pay more for the same services as anyone else?
I will be paying it..
I just heard a woman on Newstalk being interviewed,she said she was against paying it and will not pay it and has told/encouraging others not to pay it either.
Then I heard the interviewer say something like ,you are a member of Government,should you be encouraging people to break the law,and she answered with this beaut;
Theres moral laws and legal laws..!!!!
Dear God!! I will have to find out who that was.
Who could that possibly be?
Yes and yes for me.
We should remember that most of the tax increases are to pay for current expenditure (state services etc) and not to pay bondholders etc.
This property tax was agreed as part of the IMF bailout. It is directly related to repaying bondholders/hedgefund holders.
When we have balanced the budget and paid back all the money borrowed to fund the budget deficits, any additional taxes at that point can be considered to be repaying the people who loaned money to the banks.
That can't be correct.
The government has already paid billions to bondholders. Another couple of billion due the beginning of next month to unsecured bondholders.
So I ask again.
Who is ultimately paying the bondholders?
At the moment the IMF/EU bailout fund is paying them, and a good chunk of everything else.
But ..
The money from the IMF/EU is a loan, so is, I assume, being repaid. Or is the interest being allowed to stack up against the principal ?
If it is being repaid, then those repayments are coming from Government income, i.e. taxation, levies, etc.
Yes ?
No ?
At the moment the IMF/EU bailout fund is paying them, and a good chunk of everything else. At some stage in the future we may end up paying for it (but I'm of the opinion that we will default by at least 25% though it won't be called a default).
If we weren't getting a bail out we'd be borrowing money at around 10% for current expenditure. That would cost much more than the repaying the bond holders.
Sorry for letting the facts get in the way.
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