tag:blogger.com,1999:blog-8817171247555815363.post4553689609913244968..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 5/8/10: Good news - we might be 'one-off' broke?TrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8817171247555815363.post-30119586742292668372010-08-06T08:13:31.729+01:002010-08-06T08:13:31.729+01:00Excellent analysis. Any idea how we get out of thi...Excellent analysis. Any idea how we get out of this, other than a nice healthy default?The Nithttps://www.blogger.com/profile/12196029470514716788noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-17972705034734397632010-08-06T02:15:30.152+01:002010-08-06T02:15:30.152+01:00Constantin, just curious, you state that more than...Constantin, just curious, you state that more than a quarter of the economy is due to our deficit spending. I'm curious how you came to this figure, I'm assuming that you treated government spending in a simple keynesian manner and applied a government spending modifier of 1.25 or so. I wonder what a reduction in civil service salaries to EU levels would do, is the excess money pumped into the economy going on property, into the domestic economy or being exported?Chris Connollyhttps://www.blogger.com/profile/14569026658558354612noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-5830000046194096212010-08-05T14:17:20.328+01:002010-08-05T14:17:20.328+01:00Constantin, interesting post.
I'm curious abo...Constantin, interesting post.<br /><br />I'm curious about your graph though. I cannot help noticing that the income tax falls are smallish compared to the huge drop in corporation tax. Can I make a wild guess that the latter fall is due to a combination of a collapse in profitability amongst existing businesses as well as the impact of multinational withdrawals (a lot of small global offices based in Ireland are quietly shutting up shop), or are there other factors? For example companies that were domiciling profits to Ireland for tax purposes going elsewhere? (More favourable tax rates or impact of increasing regulation to prevent this kind of global tax evasion?)<br /><br />Similarly, there is a huge rise in CGT. What is going on here? That is presumably on the sale of assets such as shares etc?Shoehttps://www.blogger.com/profile/14090768549182973598noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-21548278971810400042010-08-05T13:39:08.462+01:002010-08-05T13:39:08.462+01:00Constantin,
Excellent reading on your blog. You sh...Constantin,<br />Excellent reading on your blog. You should put an audio version at the end of every post. It means we can listen whilst working.Soundcloud is easy to use and embeds in blogger. soundcloud.com lets know if you need help. Daithi, liveIreland.com.daithihttp://www.liveireland.comnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-14091990506908089492010-08-05T13:19:26.478+01:002010-08-05T13:19:26.478+01:00Yet what happens when the deficit is addressed?
...Yet what happens when the deficit is addressed? <br /><br />Taxes must rise. This may mean that "one off situations" may be believed? <br /><br />When will they address the deficit? 2020? Be good for hindsight?Fungus the Photo!https://www.blogger.com/profile/14879977479841544025noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-64527429529480277752010-08-05T09:22:17.573+01:002010-08-05T09:22:17.573+01:00Spelling: 3rd last paragraph
"standing buy&q...Spelling: 3rd last paragraph<br /><br />"standing buy" with a cheque book ready, should AIB ask for cash.<br /><br />Should be "standing by"Anonymousnoreply@blogger.com