The pension funds are the bond holders; the fund managers bought the bonds with pension contributions because they were "safe" investments. If we burn the bondholders we are setting fire to our pensions.
The pension funds are the bond holders; the fund managers bought the bonds with pension contributions because they were "safe" investments. If we burn the bondholders we are setting fire to our pensions.Strange. I thought ordinary people's pension funds were being hammered.
These bonds holders are getting all their money back.
Not all funds are invested in equities (which have indeed got hammered). Bonds form a significant part of many pension portfolios.
Of the 80 listed companies only 7 listed their business as dealing with pensions and being a cooperative savings institution. Of those, only 4 listed churches and unions as their clients, the others could well have been big pension funds.
There are pros and cons to property tax but at a time when the property market is so flat does Ireland need another disincentive to people buying a home?
But there is no evidence that such descriptions are conclusive or reliable? Its hardly credible for example that the entirety of European church and union funds, held in the form of bonds, are held with only 4 of the largest international financial institutions, or that the same applies to pension funds held with only 7 companies?Of the 80 listed companies only 7 listed their business as dealing with pensions and being a cooperative savings institution. Of those, only 4 listed churches and unions as their clients, the others could well have been big pension funds.
But there is no evidence that such descriptions are conclusive or reliable?
Purple, it's where our money is ultimately ending up. Taxes and charges are being increased and introduced and savage cut backs are taking place. All this is happening so that we can pay these bond holders. That's the ultimate goal. Of course some of the taxation is to run the country, but we've always had that.
Just think about it for a minute. We all know that that the country is 'living beyond it's means', but how the hell do we suddenly owe hundreds of billions? where did all of all that money come from/disappear too? Did we suddenly give people on the dole free new cars, or start paying public sector people with gold bullion?
But there is no evidence that such descriptions are conclusive or reliable? Its hardly credible for example that the entirety of European church and union funds, held in the form of bonds, are held with only 4 of the largest international financial institutions, or that the same applies to pension funds held with only 7 companies?
Why doesn't Enda stand up and say "The bond holders are pensioners"?
So why aren't we being told then?
Do you have any links or evidence to suggest that the majority (or even significant portion) of the €700m that was just repaid was for pensions?
Where does it say that?
The article is referring only to Anglo Irish Bank bond holders.
The total cost of the banking collapse and all of the repayments we have to make add up to a little over three years worth of our current spending deficit. The real problem is that we were and still are spending more to run the country (Health, Education, Welfare etc) than we take in in taxation. We are, in the truest possible sense, living beyond our means.
To rephrase, I frankly don't believe that of all the major household names on the list, including Aberdeen, BNP, Barclays, Soc Gen etc, that only 4 of them hold bonds for church or union funds and that only 7 of them hold bonds for pension funds.
The total cost of the banking collapse and all of the repayments we have to make add up to a little over three years worth of our current spending deficit. The real problem is that we were and still are spending more to run the country (Health, Education, Welfare etc) than we take in in taxation. We are, in the truest possible sense, living beyond our means.
Look at this article:
[broken link removed]
What do you think of that?
I think I read that the plan is that the property tax can be accrued if the property-owner has insufficient cash to pay it and then when the house is sold/inherited, the tax becomes due then. I think that is fairer than making some people exempt because they are cash-poor.Equity does not equal cash.
It doesn't even mean that one can easily borrow cash to pay property taxes.
I think I read that the plan is that the property tax can be accrued if the property-owner has insufficient cash to pay it and then when the house is sold/inherited, the tax becomes due then. I think that is fairer than making some people exempt because they are cash-poor.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?