Class

Articles about class & members of the ruling class

They Didn’t Share the Wealth Why Should we Share the Pain

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There is no money left in Ireland. At least that’s what you might think after listening to Brian Cowen, Enda Kenny, IBEC and the parade of capitalist economists and pundits who parrot this nonsense. Yes, we are heading into a deep recession but guess who is expected to pay the cost?

Poll Shows Class Divide Widening

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The Irish Times/ IPSOS like all polls is only a snap shot in time they say, but polls can be helpful indicators of the public mood when they contain useful questions. This particular poll covered a number of areas the usual poll of party support, leader popularity and government satisfaction, opinion on the fiscal compact referendum and most interestingly opinions on the household and water taxes as well as a question about cutting social welfare.

Understanding Kenny's Davos blunder

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Irish opposition politicians have called foul over Taoiseach Enda Kenny’s statement at Davos that the blame for the crisis in Ireland is that “people went mad borrowing” a month after he told the Irish people that “you are not to blame” in a national broadcast. But their are far more interesting issues that explain why the same man can make both statements without being aware of a contradiction than simple two-facedness.

Household & Water Tax Can’t Pay, Won’t Pay

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The government has made it clear that it is determined to press ahead with its attempts to impose not one but two new taxes on us.  Minister for the Environment Phil Hogan is preparing to bring plans to government for a household tax, probably starting at €100 per year, from 1st January.  This tax will be added to by a water tax, expected to be introduced within the next couple of years.

What Recession? – World’s Wealthiest Individuals increase their Wealth

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The “World Wealth Report 2011”, published by finance conglomerates Merrill Lynch and Capgemini, has shown that the amount of wealth held by the world’s wealthiest elite increased by almost 10% in 2010.  The number of ‘High Net Worth Individuals’ (i.e. those with investable assets of over $1million) also rose last year – to 10.9 million.

Denis O’Brien shows that for Ireland’s elite the good times still roll

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Denis O'Brien image Some rights reserved by Pat2001 via flickrJust 12 weeks after the Moriarty Tribunal found that he made corrupt payments to Michael Lowry TD in order to influence the granting of a mobile phone licence, Denis O’Brien has shown that for Ireland’s elite the good times still roll.  Digicel, the mobile phone company wholly owned by O’Brien, has announced that its net profit for the year ending March 2011 increased by €120million.  In keeping with the true lack of transparency so beloved by our super-wealthy however, Digicel refused to divulge the actual net profit figure.  What was announced was that O’Brien’s own personal income from Digicel last year was €28million, plus of course whatever income he has from his various other companies and investments.

The North’s richest getting richer

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Despite the rest of us struggling to pay off the bills, poverty wages and coping with increased living costs or being flung on the dole the so-called great and good in our society the wealthiest have never had it so good. Top of the list in the wee north is Eddie Haughey who has a combined wealth of 340 million.

The 1% are doing all right - Irish rich now much richer

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The richest 300 people in Ireland are now worth 57 billion, almost as much as the entire IMF /ECB bailout. What's more, when the rest of us saw our take home pay fall massively in the last year they got 13% or 6.7 billion euro richer. Which hasn't stopped them demanding pay cuts for the rest of us.

Austerity - How the rich suffer too

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Today German Chancellor, Angela Merkel, politely rebuffed any chance of re-negotiation of the interest rates we are paying on our substantial loan from the ECB/IMF, saying that we knew what we were getting into when we took the loan. It is time to reflect on the difference that loan is making to the lives of those affected.

One picture or story can tell us all we need to know and it should bring comfort to each tax-payer now labouring under the additional losses suffered in their pay packet due to the universal social charge to see such a story.

Picture this, the story of the Kelly family.

Report on the 1st 1% tour - 1% of the Population, 34% of the Wealth

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Countless walking tours make their way around Dublin daily; generally educating the masses of tourists on the lives lived on these streets before us. It was a different kind of walking tour, comprising around 200 people, that hit the streets around Stephen’s Green on October 9th last.

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