Here’s something to ask the next politician who comes seeking your vote in the upcoming general election: what are they going to do about the detested Universal Social Charge (USC)?
Everyone is reeling from the drop in their incomes. After last week’s Finance Bill amendment medical card holders may be a little happier, their rate came down to four per cent.
But it has gone up to 10 per cent for self-employed people whose businesses generate more than €100,000.
So what is the universal social charge? First, it is neither universal nor a ‘social’ charge. It doesn’t apply to all income and it is not earmarked for any existing or additional social benefit.
Let’s get one thing straight: the USC is just another tax.
here, here!
And yet more is to come. The FG are proposing a new taxation regime which will hurt anyone in the middle range – those earning between 40k and 100k per anum. If you earn over 100k, you get a reduction in tax!
For Gods sake, what idiot is making up this crap? Does Ireland’s history not tell us very simply that you CANNOT TAX YOUR WAY OUT OF A RECESSION? Irish ministers tried to tax their way out in the eighties – it failed miserably.
Here’s a simple tip. When you steal funds from the public there becomes.. say it with me.. less money to spend. When there’s less money to spend there becomes.. say it with me.. a reduction in commercial development, and reduction in spending on Irish goods. When consumers stop buying Irish, what happens.. say it with me.. companies shut down (just like they already are doing).
Further, these funds are being taken to pay into the BANKS. For christs sake, if I don’t have the money to pay the bank the government doesn’t step in and pay my mortgage do they? Yet they’re stealing our fecking money and giving it to the banks. I ask a simple question: where is the fecking money in the first place? They’re going continously DOWNHILL, where is the money going? Why are we paying to bail out the wealthy when the wealthy are sitting in rich houses, not giving a crap about paying back their loans, and bank officials are getting BONUSES for the crap they’re causing???
Must we go through another period of depression? While the rest of world wearily gets to its feet and grows, Ireland will suffer yet more taxation than ever before?