Again, not true.It goes into the social insurance fund, most of which is spent on the contributory pension.
A self-employed person declaring....
You also seem to be ignoring the fact that many self-employed folk make substantial PRSI contributions on behalf of their employees. I assume you are not arguing that the contributor (employer) in that case should "get out what they put in".
Why do you continually and totally gratuitously infer tax evasion on the part of the self-employed?
No, I'm just pointing out the difficulty with your proposal that contributors should "get out what they put in" to the fund.Are you suggesting that if an employer contributes 10% to a pension fund on behalf of his employee, the employer should benefit in some way?
Paschal Donohue would be considered far more left wing than Michael Noonan, which is a shame.
What was the bit about taxing deceased foreigners in reference to?
If a foreigner spends 5 full years here and then dies, his/her worldwide assets are caught for CAT.
At the risk of broadening this debate, I have a particular bugbear about the differing treatment of younger v older people in the tax system. If you take couple, both 66 years, and each has a state pension (€12.5k), each has an occupational pension of 20k and each has a parttime job of 17.5k. Total household income = €100k.
Total state deductions = €21k approx