Ireland Is The Next Domino to Fall in Europe’s Turn Against Austerity
- Posted on May 11, 2012 at 6:00pm by
Becket Adams
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DUBLIN (AP/The Blaze) — When voters in Greece and France got the chance, they dealt a resounding “No!” to parties backing austerity measures. The Irish, who labor under an income tax rate 48 percent, could be next to give the European Union’s austerity plan a black eye.
“The Irish government, which has been trying to bridge a big fiscal gap after the financial crisis, raised the top rate by one percentage point for a third-consecutive year in 2011,” CNBC reports.
“The country’s top marginal rate kicks in at about $43,900 of taxable income. Citizens also have to pay an additional social security tax of 4 percent. The government increased tax rates that apply to gifts and inheritances as well as capital gains from 25 percent to 30 percent in December,” CNBC adds.
Ireland is the only EU member putting the agreement to a national vote.
A May 31 referendum asks the public to approve an EU treaty that aims to control nations’ deficits and longer-term debts. Critics, however, say the treaty ignores the competing need to stimulate growth.
Analysts say an Irish rejection of the treaty, combined with Francois Hollande‘s victory as France’s president and a hard-left turn in Greece’s parliamentary elections, could force the continent to shift in favor of less cutting and greater “investment in growth.“ And by ”investment in growth“ they mean ”more government spending.”
As part of the proposed austerity measures, the Irish government has introduced a homeowner tax of 100 euros or $132 per household tax this year, accroding to CNBC.
“But the government has struggled to collect the fee with only one-third of homeowners paying up by the March 31st deadline,” the report adds.
“Thousands of protesters have demonstrated against the new property tax in Ireland’s capital, Dublin, in the last two months. The tax is expected to rise dramatically next year once Ireland starts to vary the charge based on a property’s value.”
The Associated Press contributed to this report.
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Comments (61)
poetopoet
Posted on May 12, 2012 at 6:26amThe Ship of Dreamers 1847
From Doolin they sailed in the dark of night
tempting fate by a dream, a chance to be free
seen from the Cliffs of Moher; a grand voyage!
The Aran Islands waved them on, God speed ye
and the Inishmores cried that night God save ye!
The desperate souls aboard that ship of dreamers
failed to ask the captain’s name of that ghost ship
that sailed off Doolin, Ireland, in the dark of night.
All drowned at night in the ice-cold North Atlantic
Ireland was their home that the British denied them.
Irish dreamers died that night; plead Dan O’Connell
for the poets and dreamers lost aboard a damned ship
a haunted ship, a bloody voyage, a dreadful nightmare.
The Banshees weep no more! Choirs of Irish poets sing
we are the fools who trusted Cromwell, the ships captain.
That infamous captain that lost all passengers far off Doolin
Report Post »a deliberate act of an Englishman, impaled on London Bridge;
who haunts that ship of dreamers, who trusted the devil himself.
Irish poets write bleak poems, as a devils tongue wags blameless
nailed to the deck of that ship of dreamers that sails on, evermore.
Detroit paperboy
Posted on May 12, 2012 at 11:22amGod forbid that anybody would be asked to live within their means………
Report Post »db321
Posted on May 12, 2012 at 12:18pmI’m shocked – I thought Socialism works! Oh- I see, it works for those who can work but wont! I think the workers in this country are getting tired of paying for others that refused to work.
I don’t want to hear any lame brain Liberal try to defend Socialism – I’m a compassionate Conservative – I believe we need to help those that CANT work – not those that can and wont!
Report Post »Individualism
Posted on May 12, 2012 at 4:50amyou know this might be a good thing when paper currency collapses and people wake up and we have sound money again.
Report Post »SHOWMESTATEGUY
Posted on May 12, 2012 at 4:33amListen, if you want to make a good apple pie then don’t include turnips in the recipe. Europe so wanted to make a good apple pie, but they included too many turnips in the recipe.
When you try to include everything, then you end up destroying everything. Europe has been on a liberal binge for the last forty years and the pie has finally came out of the oven. The result is not the apple pie the liberals had hoped for.
Report Post »TemayElbor
Posted on May 12, 2012 at 4:29amSomebody has to look into what is called the Balcerowics Plan, By LESZEK BALCEROWICS, a Polish economist and a member of G30.
According to Wikipedia “BALCEROWICS PLAN was a series of reforms which sought to END HYPERINFLATION and BALANCE THE BUDGET…….Since 1989 POLAND’S annual GROWTH RATE WAS THE HIGHEST of all post-communist economies and have NOT ENTERED ECONOMIC RECESSION.
Can this economic plan be a MODEL to help the U.S. economy and the struggling economies of Europe?
Report Post »judyaz
Posted on May 12, 2012 at 1:43amJune 28, 1975: “Your Common Market, shall fall beneath itself.
Report Post »Yet, this nation [USA] may stand, if it should grow strong within itself and strong before its God. But should this nation continue to draw its wings back and not coveth and protect the land of Israel, then the Lord shall not protect this nation.”
TheBurningTruth
Posted on May 12, 2012 at 1:01amFrom 2003 to 2006 I was making regular business trips to Dublin, Ireland. Back then, virtually every road construction project had a sign saying that “EU development funds were paying for 85% of that project”. This was all over the country, not just in the capital. The Irish really loved the EU when THEY were collecting multiples of what they were contributing.
With the addition of the Eastern European countries, Ireland instantly went from “collector nation” to “contributor nation” joining the “rich EU countries”. Now that they have to pay their own way and are NOT getting free goodies, all of a sudden they don’t like EU mandates so much.
Good little European Socialists to the end.
Report Post »lukerw
Posted on May 12, 2012 at 2:07amThere needs to be… about a 8 year old’s reading level… presentation… upon just the basics of how an Economy Works… broadcast 7/24 upon all the TVs. Then the kids can explain it to their parents!
Report Post »sillyfreshness
Posted on May 11, 2012 at 11:57pmThink about it. If you can vote for a party that wants to tax you more and cut benefit programs or vote for the party that will just give you more money…..keep the spending party going…..which one do you think people will go for? The natural choice is for the party with no accountability, no repercussions, just keep giving away free money and just keep living under the big lie that it can go on forever. Then eventually it will crash down 10 times as worse and they will be living like the Weimar Republic. The piper will be coming for his dues very soon.
Report Post »mekusmilkdud
Posted on May 13, 2012 at 4:30pmto many losers this (United States deficit and future) is much like being stranded on an island. they have limited resources and know that sooner or later some of them will run out and drinking water will get scarce. many people want to do the right thing and conserve resources but after months of seeing everyone else take exactly what they want with not a care it has gotten to the point that for many the best thing to do is take what you can while you can dam the consciences.
Report Post »valleyfever
Posted on May 11, 2012 at 9:51pmIt won‘t be just on Saint Patty’s day when we are all Irish.
Report Post »Netsurfer2
Posted on May 11, 2012 at 9:04pmI don’t find it sad, I find it absurd that people are still sucking the t*t of the government and taking advantage of everything that comes their way because they believe they deserve it. Austerity puts people in their place and shows people the reality that all government programs cost money given by the tax payers! As a tax payer I am so sick of our country giving our money away to other countries! As a tax payer I am so sick of people in America thinking they should get welfare, food stamps and all the other government programs! Entitlements are not what the original ideas were when this government was created nor house any belief of our founding fathers! They are propaganda’s made by socialists and communists that believe they can control the people in turn refusing to give rights to anyone by their party! Why don’t those people just get out and go to those countries that will have them? We need to cut out all the fat in this country totally and make working an only option! I am so sick of this system in the way they conduct themselves with no sense of integrity! Be forewarned! There is a domino effect coming our way and the wave is getting larger as it approaches! You better get out of debt and get your head on straight, because you won’t have even a prayer by the time they are done with you!
Report Post »ChiefGeorge
Posted on May 14, 2012 at 2:58pmMore are opting out by getting out of the home owner scheme which is only a method to tax the people, give you the illusion of ownership, when you refuse to pay, they lien your home and in some cases seize it and evict you. Thats a scam! But as long as you go along with it, it feels like you are winning…but when you count up the costs 10-15 years later when you sell the money pit, you find that you’ve actually would have been better saving your money in a modest bank account and even that does not work because of inflation. Bottom line! There is no REAL security in this world! The only real security are God given blessings which come at no cost!
Report Post »ALL4FREEDOM
Posted on May 11, 2012 at 8:59pmCUT the taxes AND the spending. Watch what happens. They’re doing the exact opposite of what is required to solve the problem. The Euro is toast; wait until the next crash, brought to you by the central banks and the money printers. Oh, what fun. Financial analysts whom I trust predict the market will tank again this summer; track market performance over the past few years and you’ll see it is obvious.
Report Post »roadhog
Posted on May 11, 2012 at 8:48pmThe Socailist will only be happy with 125% taxes. Ireland imported 200.000 welfare people in the last 10 years. Tax and spend the EU is over the Irish should go back to the PUNT.
Report Post »bigezzz1
Posted on May 11, 2012 at 8:18pmencinomom have you ever worked in your lifetime?the way to help the poor is get them a job and let them make their own money. ireland is in big trouble because they have tried giving money to the poor for nothing. they are on the dole over there to get money for doing nothing and it goes from one generation to another.this is happening in america as we speak. when you get hungry enough you will get a job and make money to feed your kids.
Report Post »Lonescrapper
Posted on May 11, 2012 at 7:54pmWeren’t they the last to join the EU? I know it was very unpopular, it took a long time to get enough votes to join.
Report Post »lukerw
Posted on May 11, 2012 at 7:38pmEuropean Socialist is a Religion… upon which they Faith… and make offerings to their gods!
Report Post »Vernon Black
Posted on May 11, 2012 at 6:59pmSocialism has FAILED everywhere it is tried!
Atlas the Capitalist is shrugging off the yoke of Socialism!
Report Post »Mikev5
Posted on May 11, 2012 at 6:41pmThats it folks the EU is TOAST they have become so stupid they cant see past thier free health care.
What a joke
I used to wonder how a crazy man like Hitler ever got in power now I know… how pathetic. WW2 all over again Europe has gone brain DEAD
Report Post »Unix
Posted on May 11, 2012 at 6:34pmSocialism is a farce and our Demoncrats want this? No wonder we are failing! I cannot believe we are in this mess, but from what I see economic collapse is upon us already, makes no difference what we do now!~
Report Post »Lord_Frostwind
Posted on May 11, 2012 at 6:31pmAnd it all comes crumbling down. Even in the face of their countries becoming failed states, the common men can’t give up their “Freebies.” It’s like watching a bunch of drug addicts when the supply runs dry.
Report Post »TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
Posted on May 11, 2012 at 6:26pmIf THIS Irishman was living in Ireland I would certainly be saying… póg mo thóin!
Report Post »bigezzz1
Posted on May 11, 2012 at 8:13pmmaybe you should move to oreland
Report Post »TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
Posted on May 11, 2012 at 10:19pmBeen there a few times. I like it here just fine… you? Btw, póg mo thóin!
Report Post »Diane TX
Posted on May 11, 2012 at 6:24pmIt seems that there’s a global push to Communism orchestrated by the so-called progressives. Individualism, the nuclear family, owning property and building personal wealth are all being discouraged. The progressives say – “Sure, you can own property, but since you’re not sharing it with the “State”, we’re going to tax you proportionally on how much you own.” You can have children, but we’ll decide what they eat, where they’ll live, what their morals are, and what they think.
Most of all, they want to replace ALL religions with the religion of the “State”.
Report Post »nocomment
Posted on May 11, 2012 at 6:21pmWe should all quit working and simply join the welfare crowd. Lots of free stuff.
Report Post »abbygirl1994
Posted on May 11, 2012 at 6:35pmFree stuff never lasts long! Its obvious with a statement like that.. you know nothing at all! If everyone quit working to join the free stuff, there would be zero money to cover anything! And if you think this government will feed us, house us or give us medical your sadly mistaken. When the SHTF only those who have prepared may survive! They may help for awhile, and then it will come to sorry, I have to feed and protect my own! It always comes back to that..I want whats yours and your gonna share.. then no one is safe. If you do one intelligent thing in this life.. then prepare NOW!
Report Post »Watermain
Posted on May 11, 2012 at 6:43pmNothing worth having is ever really free.
Report Post »nocomment
Posted on May 11, 2012 at 7:06pmIt was sarcasm fellas…
Report Post »Lord_Frostwind
Posted on May 11, 2012 at 7:08pmMagpul Slide Show: “Never trust the man who offers everything, what he gives, he can take away.”
Report Post »lukerw
Posted on May 11, 2012 at 8:05pmI have no problem with Free Stuff — I just want to know: Whom makes the Free Stuff and how does it get to me!
Report Post »barber2
Posted on May 11, 2012 at 6:18pmAnd our pandering, clueless Democrats still want to SPEND, SPEND, and SPEND..
Report Post »Mutiny
Posted on May 11, 2012 at 6:43pmYou know what is really funny? Romney puts out a budget that doesnt cut current spending levels and you people think he is a fiscal mastermind.
Wake up!!!
Thank goodness, he doesnt have the nomination yet!!!
http://www.fox19.com/story/18305604/reality-check-why-all-rnc-delegates-are-free-agents-and-unbound#.T6yV6OCBWuQ.facebook
Report Post »encinom
Posted on May 11, 2012 at 6:47pmSpending on the poor helps, giving tax breaks to Millionaires and Billionaires doesn’t.
The Rich do not need another free ride, while the poor are left to starve.
Report Post »Mutiny
Posted on May 11, 2012 at 7:06pm@econ
Not sure how you think someone who is rich is getting a free ride. They pay tax, the poor people dont. Seems like you misunderstand what a free ride means.
Simple fix, end income tax all together and end all social welfare and being the global police force.
Report Post »moussiagilda
Posted on May 11, 2012 at 6:16pmNope.
Report Post »Snowleopard {gallery of cat folks}
Posted on May 11, 2012 at 6:12pmIt shall not be long until it all comes crashing down.
Report Post »encinom
Posted on May 11, 2012 at 6:11pmYou can not balance the budget on the backs of the poor and working class. Austerity is nothing more than given the rich a free ride, while the poor and left to starve.
Report Post »The-Monk
Posted on May 11, 2012 at 6:36pm@encinom
“…the poor and left to starve”
Nice slip up E
Report Post »Therightsofbilly
Posted on May 11, 2012 at 6:44pmEncinom,
You are……….???????
The working class is the only place they are going to find enough money to satiate their needs.
The rich do not have enough collective wealth, even if you taxes them at 100%
Report Post »From Virginia
Posted on May 11, 2012 at 6:44pmSo your solution is for EVERYBODY to starve. Ok, We get it!
I don’t suppose it EVER occured to you that our so-called “poor” have MORE in property (and girth) than many WORKING families?
I don’t suppose that it EVER occured to you that there are those who are abeled bodied and REFUSE to work and milk the system.
I don’t suppose it EVER occured to you that we did fairly well as a society before all the stupid entitlements that is simply COVETING and STEALING from those that have worked hard all their lives to give to those that enjoy a life of sloth.
It’s simply stealing and I, for one, am sick of it. Let them get off their lazy asses and WORK! And please spare me the anadotal stories of the widow with children. You KNOW that‘s not what’s happening here!
Report Post »Therightsofbilly
Posted on May 11, 2012 at 6:47pmI missed that MONK, good catch, and fitting indeed.
Report Post »Mikev5
Posted on May 11, 2012 at 6:52pmBalance the budget on the backs of the poor?
What crazy planet are you from the poor get all the free crap so how does that work and the hard working people get WHAT taxed to death and harassed just because they worked hard and made a good future for themselves?
Report Post »MammalOne
Posted on May 11, 2012 at 6:56pmHow is raising taxes on rich people during a recession not austerity?
Report Post »Mikev5
Posted on May 11, 2012 at 7:00pmEncinom
you are some peace of work aren’t you.
So hard working people are losers and lazy slobs are winners in your book???
Report Post »Banter
Posted on May 11, 2012 at 7:01pm@FromVirginia
You are obviously a newer poster on this site, compared to many of us “old timers”. Your response to encinom is excellent, however, understand he is a “hit and run” poster, and will rarely respond since he doesn’t understand what he posts.
His job is to post what is on the fax he receives each day from his handlers. This simple task provides him with the daily sustenance needed to get up tomorrow and do it all over again.
Report Post »The-Monk
Posted on May 11, 2012 at 8:22pm@Banter
FromVirginia = Member Since: November 23, 2011
Report Post »Banter
Posted on May 11, 2012 at 8:35pmHi Monk
Yea, I checked the “born on date”. I was just thinking that 6 months is not enough time to really understand what encinom represents. Having not seen this particular poster, I made an assumption (yes, I know what assuming means) they are unaware of encinom’s proclivity to post stupid stuff, then run for the hills.
Report Post »DGuy
Posted on May 12, 2012 at 10:59amyou are truly an idiot…
Report Post »Quixotic-911
Posted on May 12, 2012 at 11:48amStarve? Their is no starvation in America! However, hunger is a powerful motivator. If you want to eliminate poverty make it as uncomfortable as possible. You don‘t work then you don’t eat. Self preservation instincts will kick in for even the laziest and most selfish and they will get up to do something for themselves.
Report Post »Ajohn
Posted on May 12, 2012 at 11:15pmLast I read America is 48% obese. Now Encinom, you can just do just a little research and find that lower incomes in America are the heaviest. Now, if you have ever been to India as I have, you will know that poor people are never overweight and typically extremely thin. Can you put 2+2 together and get an answer? Ah, I thought not…
That would lead me to the conclusion that, really, you are not very bright!
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