>The measures form part of its €4.1bn alternative cost-of-living package, the centrepiece of which is a proposal to cap electricity prices at summer 2021 levels and keep them there until the end of February.
>The party said the State would compensate electricity suppliers for the difference between summer 2021 levels and the wholesale price that the suppliers themselves must pay to electricity generators at a cost of €1.6bn.
Genuine question, how can they put a figure on the difference between 2021 levels and the wholesale price all the way up to February when things could get significantly worse as energy use goes up and supplies remain constrained?
This just in: Leo Varadkar claims Sinn Fein are responsible for all his short comings
Genuine question; how is giving another €4.1bn to the population going to help bring down inflation?
Why does mary lou always look like she’s singing a song?
Ah, USC – the most permanent “temporary tax” of our age!
Lot of ‘Genuine questions’ ready to go…
Damned if you do, damned if you don’t.
The reality of any party opposing FFG
Again, they haven’t a clue what they are talking about. Just read through their alternative budget.
On the health section:
* Establishing a clear, multi-annual strategic workforce plan across the health and
higher education sector to expand healthcare degree places by 1,500; increase
medical specialist training places by 10 percent; expand GP training places by 20 .
Which sounds all good. Increasing GP’s and consultants is brilliant except then when you get to their tax proposals.
* Remove tax credits on tapered basis from individual income above €100,000
* Introduce 3 percent Solidarity Tax on portion of individual income above €140,000
So basically they want to train healthcare workers who will leave for a lower tax country as soon as they qualify.
Blank cheque for energy companies and lowered taxes.
Is it Liz Truss or is it Mary Lou?
So reward those who use more electricity and offer a tax cut coming close to the peak of a boom. Wow, they really haven’t a fucking clue.
If you want to cap electricity, then cap the unit rate, that way at least those with swimming pools don’t get free electricity as well as free water.
And USC is the one tax that nobody can avoid, cut PAYE or rework PRSI so that it can’t be avoided. USC is the one tax that retired millionaires can’t avoid.
Fairytail economics!
A solidarity tax on high earners?
Don’t high earners already pay a massively disproportionate amount compared to low and medium earners?
I don’t think taxing them is going to solve the issue of wealth inequality, growing homelessness, increased inflation and energy prices.
Do SF want to remove property tax, which is one of the very few wealth taxes we actually have.
Having a cap on energy prices would be pure lunacy. No incentive to economise.Far more likely to have power cuts, as people would leave immersion on.Anyone with an electric car would be laughing.
I’d love to be a senior member of Sinn Féin just so I could attend the Alternative Budget party. Sounds like it’s a serious pissup.
If only I’d gotten through the initiation back in the day.
Me likely
How on earth has it taken them until 2 working days before the actual budget to publish this?
Cuts to the lowest rate of USC, the only bit of income tax a lot of people pay – they really don’t understand anything about our economy.
Embarrassing proposal.
Abolish USC. The banks aren’t in trouble anymore
I guess no one earning over 70k will be voting SF
No surprise at another SF policy that is only vote headline bait.
Its the same with their calls to push back the retirement age to 65 when you only need two brain cells to understand the looming pensions crisis.
Here’s my suggestion, whatever you do, don’t cap, we need to be able to plan for the cost of this, we’ll all get screwed otherwise.
Bottom line is energy companies have a profit margin that they need to maintain. They’re private companies whose primary function is to provide shareholder value. The absolute reality is they’re not going to reduce their profit margins to help Bob and Mary, they see that as the governments responsibility, not their own. They’ll only reduce profit margins if it’s a matter of surviving or not.
So, consider a two pronged approach help people on the ground but also help the energy companies.
For people, give them means tested financial aid towards their bills.
For energy companies, reduce corporation tax on energy related profits in the good faith they will pass that saving on to customers and not shareholders. If they don’t, raise the same tax next year and reclaim the money.
22 comments
>The measures form part of its €4.1bn alternative cost-of-living package, the centrepiece of which is a proposal to cap electricity prices at summer 2021 levels and keep them there until the end of February.
>The party said the State would compensate electricity suppliers for the difference between summer 2021 levels and the wholesale price that the suppliers themselves must pay to electricity generators at a cost of €1.6bn.
Genuine question, how can they put a figure on the difference between 2021 levels and the wholesale price all the way up to February when things could get significantly worse as energy use goes up and supplies remain constrained?
This just in: Leo Varadkar claims Sinn Fein are responsible for all his short comings
Genuine question; how is giving another €4.1bn to the population going to help bring down inflation?
Why does mary lou always look like she’s singing a song?
Ah, USC – the most permanent “temporary tax” of our age!
Lot of ‘Genuine questions’ ready to go…
Damned if you do, damned if you don’t.
The reality of any party opposing FFG
Again, they haven’t a clue what they are talking about. Just read through their alternative budget.
On the health section:
* Establishing a clear, multi-annual strategic workforce plan across the health and
higher education sector to expand healthcare degree places by 1,500; increase
medical specialist training places by 10 percent; expand GP training places by 20 .
Which sounds all good. Increasing GP’s and consultants is brilliant except then when you get to their tax proposals.
* Remove tax credits on tapered basis from individual income above €100,000
* Introduce 3 percent Solidarity Tax on portion of individual income above €140,000
So basically they want to train healthcare workers who will leave for a lower tax country as soon as they qualify.
Blank cheque for energy companies and lowered taxes.
Is it Liz Truss or is it Mary Lou?
So reward those who use more electricity and offer a tax cut coming close to the peak of a boom. Wow, they really haven’t a fucking clue.
If you want to cap electricity, then cap the unit rate, that way at least those with swimming pools don’t get free electricity as well as free water.
And USC is the one tax that nobody can avoid, cut PAYE or rework PRSI so that it can’t be avoided. USC is the one tax that retired millionaires can’t avoid.
Fairytail economics!
A solidarity tax on high earners?
Don’t high earners already pay a massively disproportionate amount compared to low and medium earners?
I don’t think taxing them is going to solve the issue of wealth inequality, growing homelessness, increased inflation and energy prices.
Do SF want to remove property tax, which is one of the very few wealth taxes we actually have.
Having a cap on energy prices would be pure lunacy. No incentive to economise.Far more likely to have power cuts, as people would leave immersion on.Anyone with an electric car would be laughing.
I’d love to be a senior member of Sinn Féin just so I could attend the Alternative Budget party. Sounds like it’s a serious pissup.
If only I’d gotten through the initiation back in the day.
Me likely
How on earth has it taken them until 2 working days before the actual budget to publish this?
Cuts to the lowest rate of USC, the only bit of income tax a lot of people pay – they really don’t understand anything about our economy.
Embarrassing proposal.
Abolish USC. The banks aren’t in trouble anymore
I guess no one earning over 70k will be voting SF
No surprise at another SF policy that is only vote headline bait.
Its the same with their calls to push back the retirement age to 65 when you only need two brain cells to understand the looming pensions crisis.
Here’s my suggestion, whatever you do, don’t cap, we need to be able to plan for the cost of this, we’ll all get screwed otherwise.
Bottom line is energy companies have a profit margin that they need to maintain. They’re private companies whose primary function is to provide shareholder value. The absolute reality is they’re not going to reduce their profit margins to help Bob and Mary, they see that as the governments responsibility, not their own. They’ll only reduce profit margins if it’s a matter of surviving or not.
So, consider a two pronged approach help people on the ground but also help the energy companies.
For people, give them means tested financial aid towards their bills.
For energy companies, reduce corporation tax on energy related profits in the good faith they will pass that saving on to customers and not shareholders. If they don’t, raise the same tax next year and reclaim the money.
Sadly they wont deliver either