We’re all worse off
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.