This is a bunch of disingenuous nonsense, and you know it.
On a very simple level, 41% tax on, say, €100,000 will have less of an effect on quality of life than 25% on €20,000.
Further, maybe this says something about the obscene disparity in wealth and income distribution in this country, as much as anything else. 1% of the population hold 34% of the accumulated wealth in this country.
How do you know what difference it makes by looking at income only? Surely the way to assess the needs of a person have to take into account their costs? The person on €20,000 could be a single person living at home, the one on €100,000 might have five kids and be mortgaged to the hilt?
The ‘disparity’ you talk of is finding an issue with distributions on a relative scale, check out the US treasury long term study on incomes and you’ll find that the groups are constantly changing, the poor of 10 years ago are rarely the poor of today, in fact, 35% of the ‘rich’ today were classed as ‘poor’ 10 years ago, in return I would ask that you have a think about facts and not about pre-determined political ideology.
This is a bunch of disingenuous nonsense, and you know it.
On a very simple level, 41% tax on, say, €100,000 will have less of an effect on quality of life than 25% on €20,000.
Further, maybe this says something about the obscene disparity in wealth and income distribution in this country, as much as anything else. 1% of the population hold 34% of the accumulated wealth in this country.
Just have a little think about that.
Niall,
How do you know what difference it makes by looking at income only? Surely the way to assess the needs of a person have to take into account their costs? The person on €20,000 could be a single person living at home, the one on €100,000 might have five kids and be mortgaged to the hilt?
The ‘disparity’ you talk of is finding an issue with distributions on a relative scale, check out the US treasury long term study on incomes and you’ll find that the groups are constantly changing, the poor of 10 years ago are rarely the poor of today, in fact, 35% of the ‘rich’ today were classed as ‘poor’ 10 years ago, in return I would ask that you have a think about facts and not about pre-determined political ideology.