Fair enough so. Maybe you are right maybe not. What is the alternative to get the entrepreneur element of the Irish nation to be released ???
Make them cost competitive by lowering costs, reduce tax on business and give more grant aid to start-ups where the product will be commercialised in Ireland.
I don't think this makes any difference. The point is that a stimulus will increase demand for otherwise uncompetitive products, and this is very bad for the economy regardless of whether the company benefiting is domestic or international.I agree Chris but at least in the USA they consume a large proportion of what they make so consumer stimulus also stimulates demand for their products.
In Ireland a consumer stimulus stimulated demand for imported goods. That's my point; a large proportion of the value of such a package will be dissipated into the wider international economy.
This appears to be a contradiction of your original Post.
Wealth is created by the private sector.
Monday nights FRONTLINE seems to be preparing the way for a new car scrappage scheme, the debate seemed very one side IMHO.
It needs to start at the top with our high earning public service taking a serious pay cut.
I do not think this is a fair approach in general. There are certain services that should be provided by government and those services need to be managed by capable people that do deserve high wages. The very minimum of services are military, policing, fire and ambulance service, education and you could argue about health. As long as the high earners are performing well they deserve the high wages, problem is that some of the highest earners are failing so miserably.
In order to reduce the public wage bill we should not punish all public sector workers to keep people employed in areas that should never have come into existence or are no longer feasible or necessary. Just one example would be to get rid of all the motor tax offices bar one. There is absolutely no need to be wasting money on every county having one (in some cases two), when you can tax your car online, by post, by phone and I believe also at the post office. All the nonsense agencies and committees and support groups that were set up over the last 10 years should also be just abolished. If we really need their services then we will very quickly see consequences, but I strongly believe that getting rid of them will have no negative impact whatsoever.
Using this approach will make sure that those people we actually need most are rewarded and resourced adequately.
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