Tag Archives: austerity

Austerity hurts because it works.

Monday, March 4, 2013

I saw a t-shirt once that had a picture of a pyramid and it said ‘slavery, it gets sh1t done’. While I don’t agree with enslaving anybody, it makes a point that sometimes the unpalatable is also the most practical. Which is why when I hear people bemoan how we are enslaving future generations because of the bank bailout or promissory note deal I secretly die inside, we are doing that already. The Economic and Fiscal Outlook of 2013 (if you look it up check out table 12) shows that irrespective of banks that we’d be short to the tune of €40bn between 2012 and 2015.

Filed in ACCA, Accountancy, Advisors.ie In the Press, Economics, Savings | Also tagged , , , , , | Comments (0)

Some thoughts on budget 2013 and why it’s so sneaky

Thursday, December 13, 2012

The expression ‘at least Dick Turpin wore a mask’ is used to describe the times somebody robs you blind right to your face. This week I’m sure almost every person in the country could identify with that statement as they watched the twin forces of Michael Noonan and Brendan Howlin unleash cuts that hurt just about everybody, at least they didn’t discriminate. A few weeks ago I wrote about the way that politicians will hammer regular people always and without fail, a few of you wrote back saying it didn’t have to be like that, and my response was (and is) that it remains the fastest and easiest road to take, which is why people of every political ideology end up doing it.

Filed in Accountancy, Advisors.ie In the Press, Capital Gains Tax, Deposit Interest Retention Tax, Income Tax, tax relief at source, Taxation, Wealth | Also tagged , , , | Comments (0)