The Government via the Croke Park Agreement have charged PS management & the Unions with delivering verifiable targetted savings which have delivered impressive savings .
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It's , perhaps , time to look now at achieving savings from other areas - such as finally means testing child benefits , the OAP & 3rd level fees/grants .
Other areas such as the level of Corporation Tax , CGT & the reintroduction of Wealth Tax & the level of private school funding may , perhaps , be looked at again.
As above - 1BN a year in savings from a union-funded research think-tank. A million miles short of what's needed to balance the deficit.
IMO, unless pay & pensions, number of workers and dole payments are reduced, we will arrive pretty quickly at a point where the scope for increasing taxes further will be reached. We are extremely lucky that the ECB/IMF are bank-rolling us at the moment but at some point they are surely going to say something along the lines of "OK, you needed 14bn last year to balance the books, this year we are giving you 8bn..go figure". That's when the really tough decisions will be made.
I have found the implementation body's report of June 2012 to be the most informative source in terms of quantifiable savings made by the CPA , www.impact.ie also is a good source.
I believe that the Government has taken the view that the CPA is delivering & that given the fact that Industrial " Armegeddon " may follow any breach of the CPA then their alternatives lie in targeting areas that should be means tested such as areas outlined in my previous post -a fair approach I would have thought & further tax increases perhaps should be considered - is it my imagination or was there an independent review on the question of our current tax system ?
Interestingly when I refer to the term " Armegeddon " that is a phrase that has been trotted out by the Government & effectively suggests to me that the CPA will continue to be honoured.
According to the union-sponsored 'think-tank' NERI, those who should be targetted for increased taxation are the top 20% by household income - which is those earning over about 55K per household (so yes, a dual income couple with mortgage and childcare costs earning 27,500 each are 'wealthy').
which is those earning over about 55K per household (so yes, a dual income couple with mortgage and childcare costs earning 27,500 each are 'wealthy').
According to the union-sponsored 'think-tank' NERI, those who should be targetted for increased taxation are the top 20% by household income - which is those earning over about 55K per household (so yes, a dual income couple with mortgage and childcare costs earning 27,500 each are 'wealthy').
The NERI report and what the good Doctor has said afterwards seem at odds with each other. There have been many "I should have been clearer about that" comments.
The term “Trade Union Economist” is an oxymoron.