Monday, September 10, 2012
Here’s a bailout worth considering…. f”34k the banks, and start a new one. This is not a novel idea, it’s called capitalism, one of the key things people bang on about is how ‘capitalism has failed’, it hasn’t, politicians have failed by putting national resources behind institutions that scarce warrant the unending support they have received. That we are starting to figure this out only AFTER we have spent all the money, so most of this is about spilt milk, but not all of the milk has been spilt, just this week we blew €600,000,000 on defunct and toxic Anglo (now ‘IBRC’) and on the 1st of October we’ll be blowing €1,000,000,000 on AIB.
Friday, September 7, 2012
We spoke to TV3’s The Morning Show about claiming allowances, tax returns and pensions
Also filed in Advisors.ie In the Press, Income Tax, Taxation, Wealth
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Tagged it1, medical expenses, pensions, reclaim taxes, revenue commissioners, savings, tax, tax back
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Thursday, September 6, 2012
Almost everybody who isn’t a politician agrees that politicians lie. Actual politicians don’t see it that way, the see it as being forced to accept a series of working realities which unveils the way the system ‘actually works’ versus how we would ‘like it to work’. The truth is that in effect they do lie when you compare election promises to results, but they don’t do it with total intent.
But sometimes they do, and we are seeing that with our proposed property tax which is a clear demonstration of lap-dog leaders who want nothing more than to be ‘box tickers’ for the troika. You see, we are being told that ‘no decision has been made’, but that is contrary to the facts surrounding the debate once you do some digging.
TV3 The Morning Show, this week we looked at property tax with Alan and Aisling, we focused on the need for a Site Value Tax rather than opting for a property tax based on the entire market value.
In this piece we spoke with Alan and Aisling about insurance, the different types, what is appropriate and at what level. This is normally a dull topic, but it is hugely relevant to peoples personal finances and for that reason it was great to have a chance to put some popular myths to bed about different types of insurance and what is and isn’t useful or helpful.
We spoke to Martin King and Claire Brock (covering for Sybil) about property prices because Moody’s said prices would drop 20% while the ESRI said that prices would likely go up in cities.
We often hear that people in the public sector are overpaid. Typically the argument then turns towards the ‘fat cats’ and then quickly deteriorates into a ‘them’ vs ‘us’ debate, and depending on your employment type you take a certain side.
We were asked to comment on the property market in this piece by Martina Fitzgerald.
The debate on public pay is largely focused on ‘fat cats’, a research paper by the CSO demonstrates that the biggest premium is actually not at the top but the bottom. The idea that we should ‘rescue’ certain cohorts based on their pay is ill founded, it doesn’t take into account their productivity, their skillset or much else other than an arduous concept that if you don’t earn a lot that you are an innocent victim because of it.
Recent surveys have indicated that there is a strong support towards buying a house, a whopping four out of five in a Millward Brown Lansdowne survey thought now is a good time to buy. This is on the back of a recent CSO statistic showing prices have didn’t change in March and in Dublin that they rose.
