We’re all worse off

Irish Daily Mail - - News -

TWO days ago, we re­ported that far from putting more money in our pock­ets, as we were be­ing told was the case by Fi­nance Min­is­ter Paschal Dono­hoe, in re­al­ity, and due to a stealth tax, Bud­get 2018 will ac­tu­ally leave us all worse off.

Now the re­spected body that is the Eco­nomic and So­cial Re­search In­sti­tute is re­port­ing that that, in­deed, is the case. Fol­low­ing the ESRI’s anal­y­sis of 8,000 cases, across all in­come lev­els, it too has con­cluded that in ev­ery sin­gle one of those sit­u­a­tions, the peo­ple in ques­tion will be worse off than they are at present.

Why? Be­cause this week’s Bud­get did not ad­just the tax sys­tem in a way that takes into the equa­tion next year’s ex­pected salary rise.

Not only, there­fore, was Bud­get 2018 a be­trayal of the so-called squeezed mid­dle – the peo­ple who, to quote Taoiseach Leo Varad­kar, ‘get up early in the morn­ing’ in or­der to do a day’s work and pro­vide for their fam­i­lies. On top of that, and adding fuel to that par­tic­u­lar fire, is the fact that, when it comes right down to it, Bud­get 2018 was fun­da­men­tally un­true. We were sold a pup.

Ir­ish peo­ple are not stupid. They un­der­stand the con­cept that there is a fi­nite amount of money in the State’s cof­fers – and they ac­cept that.

What they will not ac­cept, how­ever, is be­ing de­ceived.

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