It’s an overly zealous attempt to level the playing field in regards to outcome, as opposed to opportunity.
Big fan of massive inheritance taxes but taxing people zealously through their lifetime is outrageous, and used to proper up a bloated public sector which is failing to deliver.
Wealth creation beyond pensions is what has broken this country. Everyone with their nose in the trough, it is borderline disgusting sometimes
The most tax efficient way to build wealth is through pensions and property.
Which means most of people’s money is locked away from them for decades.
I’m shocked, shocked I tell you, at this calamitous turn of events!
This is one of the many reasons why housing is so fucked.
Housing is the only thing that is a decent investment in this country. So it is commoditised to fuck and really hurts the people who just need somewhere to live.
If wealthy people had other, more efficient ways to make money on investments then they might be more inclined to stay away from housing.
Just end deemed disposal already.
cant even afford to read yon article
Why people pretending renting is fine isn’t the truth. That money is gone and you own nothing.
2 people should be able to work hard and expect to own their home and build generational wealth.
So many Irish people take it as an article of faith that Ireland is a prime example of capitalism run amok.
In fact, in many ways, such as here, it’s the very opposite – to the detriment of ordinary Irish people.
Id like to be able to just invest in an index fund but the 8 year tax makes it unappealing.
The original headline was “like-north-korea-or-russia-investors-have-their-say-on-irelands-tax-regime”
Just in case anyone was going to get sympathetic based on the headline. It’s institutional investors crying they can’t get rich off speculation.
Irish Tax system is one of the biggest reasons. You just can’t keep your money in Ireland if you care about the future of your family. Period
[removed]
Strong headline! I can’t read it as I’m not subscribing to Irish times!
I hope it may help to move things
No shit, it seems like it’s the role of the state to transfer your wealth to others.
It’s why I left. I’ll have my second property abroard shortly and now have shares. You make no money on that in ireland. People think landlords make a fortune on ireland but you literally have to pay half of the earnings in tax. Plus upkeep etc. Here I get deductions on everything via tax and the tax itself is much less.
16 comments
It’s an overly zealous attempt to level the playing field in regards to outcome, as opposed to opportunity.
Big fan of massive inheritance taxes but taxing people zealously through their lifetime is outrageous, and used to proper up a bloated public sector which is failing to deliver.
Wealth creation beyond pensions is what has broken this country. Everyone with their nose in the trough, it is borderline disgusting sometimes
The most tax efficient way to build wealth is through pensions and property.
Which means most of people’s money is locked away from them for decades.
I’m shocked, shocked I tell you, at this calamitous turn of events!
This is one of the many reasons why housing is so fucked.
Housing is the only thing that is a decent investment in this country. So it is commoditised to fuck and really hurts the people who just need somewhere to live.
If wealthy people had other, more efficient ways to make money on investments then they might be more inclined to stay away from housing.
Just end deemed disposal already.
cant even afford to read yon article
Why people pretending renting is fine isn’t the truth. That money is gone and you own nothing.
2 people should be able to work hard and expect to own their home and build generational wealth.
So many Irish people take it as an article of faith that Ireland is a prime example of capitalism run amok.
In fact, in many ways, such as here, it’s the very opposite – to the detriment of ordinary Irish people.
Id like to be able to just invest in an index fund but the 8 year tax makes it unappealing.
The original headline was “like-north-korea-or-russia-investors-have-their-say-on-irelands-tax-regime”
Just in case anyone was going to get sympathetic based on the headline. It’s institutional investors crying they can’t get rich off speculation.
Irish Tax system is one of the biggest reasons. You just can’t keep your money in Ireland if you care about the future of your family. Period
[removed]
Strong headline! I can’t read it as I’m not subscribing to Irish times!
I hope it may help to move things
No shit, it seems like it’s the role of the state to transfer your wealth to others.
It’s why I left. I’ll have my second property abroard shortly and now have shares. You make no money on that in ireland. People think landlords make a fortune on ireland but you literally have to pay half of the earnings in tax. Plus upkeep etc. Here I get deductions on everything via tax and the tax itself is much less.
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