Better just not raise it then, it will
Probably somehow affect the ceos pay check so best to just not give anyone raises. Mmmhmmm
TLDR;
Varadkar says that increasing wages causes shops to charge more so just drives inflation even further, and admits the only real solution is tax cuts – as has been said time and time again on every financial sub in existence since the beginning of time.
30% middle tax band being floated is a great idea.
He is **not** saying wages should not rise. He is saying wages rising alone will not counteract inflation. It’s basic economics.
Then stop yapping, and fix it
I think what they’re tying to break, lightly, is that some things can’t be fixed. It’s the tough truth of scarcity. With the current budget after the virus, cutting tax could have serious implications. This won’t be fixed anymore than a storm can be. Just have to try your best to wait it out. Not a fun solution but it’s the honest one. But hey, we thrived following 2008, survived a national famine, and lived through the tyrannical Brits. If there’s anything to be said about Ireland, it’s that we’re tough as nails and we’ll survive without a hint of complaint, as if everything’s grand.
This is logical, thought out and most likely correct.
But just because it was Leo Varadkar that said it, I can’t wait for the r/ireland pile on about how it’s his fault that it hasn’t been fixed already and that this is somehow a plot of his rich mates hating and opressing poor people.
Tax cut means public services budget cut. What’s the point of fighting inflation if it means your life expectancy gets lower?
I’d take the pay rise tho.
When will the public sector unions start looking for more. Must be coming soon
So just using pay rises is not the only solution (and that does have a point) but an ongoing record transfer of wealth from the middle and low incomes to corporations and other wealthy individuals is OK (you know, the market fixes everything) and reducing that is never on the policy making agenda? Other things like for example instead of investing in public transport and making current networks efficient, they give money to people to buy expensive EVs knowing well that a huge majority of the population cannot afford one for more than one reason. They give money out for buying homes (despite being told it doesn’t make sense by a commission) which only gets pocketed by builders as prices seem to magically rise by the exact same number almost overnight and only helps people who didn’t really need that help in the first place. Its almost as if they do this on purpose with one motive on the face but a real different one in reality.
10 comments
Better just not raise it then, it will
Probably somehow affect the ceos pay check so best to just not give anyone raises. Mmmhmmm
TLDR;
Varadkar says that increasing wages causes shops to charge more so just drives inflation even further, and admits the only real solution is tax cuts – as has been said time and time again on every financial sub in existence since the beginning of time.
30% middle tax band being floated is a great idea.
He is **not** saying wages should not rise. He is saying wages rising alone will not counteract inflation. It’s basic economics.
Then stop yapping, and fix it
I think what they’re tying to break, lightly, is that some things can’t be fixed. It’s the tough truth of scarcity. With the current budget after the virus, cutting tax could have serious implications. This won’t be fixed anymore than a storm can be. Just have to try your best to wait it out. Not a fun solution but it’s the honest one. But hey, we thrived following 2008, survived a national famine, and lived through the tyrannical Brits. If there’s anything to be said about Ireland, it’s that we’re tough as nails and we’ll survive without a hint of complaint, as if everything’s grand.
This is logical, thought out and most likely correct.
But just because it was Leo Varadkar that said it, I can’t wait for the r/ireland pile on about how it’s his fault that it hasn’t been fixed already and that this is somehow a plot of his rich mates hating and opressing poor people.
Tax cut means public services budget cut. What’s the point of fighting inflation if it means your life expectancy gets lower?
I’d take the pay rise tho.
When will the public sector unions start looking for more. Must be coming soon
So just using pay rises is not the only solution (and that does have a point) but an ongoing record transfer of wealth from the middle and low incomes to corporations and other wealthy individuals is OK (you know, the market fixes everything) and reducing that is never on the policy making agenda? Other things like for example instead of investing in public transport and making current networks efficient, they give money to people to buy expensive EVs knowing well that a huge majority of the population cannot afford one for more than one reason. They give money out for buying homes (despite being told it doesn’t make sense by a commission) which only gets pocketed by builders as prices seem to magically rise by the exact same number almost overnight and only helps people who didn’t really need that help in the first place. Its almost as if they do this on purpose with one motive on the face but a real different one in reality.
Suuuure, but let’s just try it?