Michael Taft @notesonthefront
Commentary on Irish political economy by Michael Taft, Researcher for SIPTU notesonthefront.typepad.com Dublin Joined August 2009-
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New blog by NERI Co-director, Dr. Tom McDonnell, his thoughts on Budget 2026 - nerinstitute.net/blog/budget-20… @TomAMcDonnell1 @notesonthefront @irishcongress
Taxing the rich is great, but it would be even better not to write the laws so that the rich get all the money in the first place deanbaker22.substack.com/p/the-rich-wro…
The National Living Wage in UK aimed to get rid of low pay (defined as jobs paying less than 2/3 of median wage). It succeeded.
The National Living Wage in UK aimed to get rid of low pay (defined as jobs paying less than 2/3 of median wage). It succeeded.
The Covid and cost-of-living crises have been good for profits. Since 2019, profits in the domestic sector (basically SMEs) increased by 72%. Wages increased by 40%. In the last year, profits grew by 10%. For wages it was 6%. Yet owners demand more tax breaks and subsidies.
It is claimed that cutting VAT (cost: €700 million) will help restaurants and coffee shops. Yet, less than 20% of that tax cut will benefit those businesses. 60% will go to fast-food outlets and meals in hotels. This is highly wasteful and inefficient: tinyurl.com/mrkamxrh
🇲🇽🏥 “This year we delivered 31 hospitals, 12 health centers and we are equipping 256 operating rooms. And we begin construction of 20 hospitals… we are delivering healthcare to every elderly and disabled person’s home”. - Mexico’s President Claudia
It is claimed that cutting VAT (cost: €700 million) will help restaurants and coffee shops. Yet, less than 20% of that tax cut will benefit those businesses. 60% will go to fast-food outlets and meals in hotels. This is highly wasteful and inefficient. tinyurl.com/mrkamxrh
🇲🇽🏠 “In 2025 we will build 200 thousand decent homes for Mexican families who earn between one and two minimum wages, and we are going for one million more… We have reduced or eliminated housing credits for 5 million families.” - President Sheinbaum
Instead of cutting taxes by €1.5 billion we should be raising tax revenue by €1.5 billion. A difficult sell, but it is cynical to claim we can support living standards, reduce poverty and promote a strong social state through a tax-cutting budget: tinyurl.com/59bjdua2
Instead of cutting taxes by €1.5 billion we should be raising tax revenue by €1.5 billion. A difficult sell, but it is cynical to claim we can support living standards, reduce poverty and promote a strong social state through a tax-cutting budget. tinyurl.com/59bjdua2
In 1949, Superman told schoolchildren “our country is made up of Americans of MANY different races, religions and national origins. So… “…if YOU hear anybody talk against anyone else because of his religion, race or national origin: tell him THAT KIND OF TALK IS UN-AMERICAN.”
Over the last 5 years, the nuclear-armed countries spent over $400 billion on their nuclear arsenals. For half that amount we could end global hunger. The EU should take the global lead and declare Europe to be a nuclear-weapon-free zone. Source: ICAN
Ireland has the fewest number of labour inspectors in the EU, bar Malta. A weak and under-resourced labour inspectorate puts employees at risk, allows low-road employers to undermine good businesses, and weakens consumer safety. Everyone loses. Source: ILO
🚨BREAKING: @Microsoft servers in Ireland play HUGE role in Gaza genocide (+apartheid). Another major investigation by @yuval_abraham at @972mag & @guardian. Ireland is a vocal supporter of Palestine but could take direct action—by flipping a switch. 972mag.com/microsoft-8200…
The Government justifies a number of policies – postponing the Living Wage, cutting VAT – on the basis that small businesses are under pressure. Yet the Government publishes survey data showing SME profitability has never been higher. So what's going on. tinyurl.com/3zrcrjhk
The Government justifies a number of policies – postponing the Living Wage, cutting VAT – on the basis that small businesses are under pressure. Yet the Government publishes survey data showing SME profitability has never been higher. So what's going on? tinyurl.com/3zrcrjhk
🇳🇴 Starting today, the maximum monthly fee for having a child in kindergarten (daycare) in Norway is reduced to 1,200 NOK (€110 / $120), down from 2,000 NOK (€180 / $200). In rural municipalities, the new price is lower, at 800 NOK (€75 /$80).
"A rising deficit relying on a shrinking pool of money, what could possibly go wrong? @notesonthefront issuing warnings about Ireland's economic outlook.
Fiscal policy is in danger of repeating the past. A large economic deficit subsidised by a shrinking pool of money. If tariffs hit growth, the Government will squeeze spending, reducing growth further. Been there, done that, bought the austerity t-shirt. tinyurl.com/2uyy8347
Fiscal policy is in danger of repeating the past. A large economic deficit subsidised by a shrinking pool of money. If tariffs hit growth, the Government will squeeze spending, reducing growth further. Been there, done that, bought the austerity t-shirt: tinyurl.com/2uyy8347
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