Wealth

Not wanting Apples billions? The landlords agent is not our friend

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The native Irish ruling class have long been prone to parasitical activity, enriching themselves by acting as agents of absentee landlords or today as law firms for multinationals keen to avoid and evade paying taxes.  As landlords agents that involved breaking down the doors to evict those who were literally dying of starvation.  The modern form is less hands on but the repercussions are similar, the 13 billion they don’t want to collect from Apple are the same billions whose absence has people dying on hospital trolleys.

Wealth and the working poor - you'd have to work 703 years to earn what O'Reilly takes

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Roughly over one hundred thousand workers in Ireland are currently working on the minimum wage-thats 9.15 an hour or under 400 euro a week,working 40 hours a week. Around 90% of those on social welfare payment and out of work earn less than they would in work. The old proclamations of our leaders that 'were all middle class now' and the lies spread about those on social welfare are shown to be what they actually are from these facts. They are mere propaganda slogans aimed at convincing us that we live in a more or less equal society and that we should keep quiet about the enormous wealth of corporations and business owners.

Global inequality is escalating rapidly - let’s end concentrations of wealth and power, completely

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Oxfam has just released a report that shows global inequality has escalated rapidly over the last 6 years.  The particular measure they used is a very important one.  First they calculated the wealth held by the poorest 50% of the planets population, which is about 3.6 billion people. And then they asked how many of the richest people held the same amount of wealth.

Wealth transforms class interests - the example of Conor McGregor

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It’s not everyday you get to watch two multimillionaires knocking the shite out of each other but tonight it’s going down. One of them is Irish to boot, Conor McGregor is probably already worth over 50 million, if the fight goes ahead he is thought to be gaining at least another 75 million.

This puts McGregor firmly in the capitalist class, 50 million invested anyway smartly should be bringing in at least 3 million a year off other people’s labour - very much more than enough to comfortably live off. We know he is doing this as he set up his own investment company in 2016, Congregor Investments Ltd.

Ireland's Richest 300 Doubled Wealth in the Crisis (300 of Us on €30k Would Take 11,000 Years to Make the Same)

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Welcome to the land of saints and hoarders. The richest 300 people in Ireland have doubled their wealth from €50Bn to €100Bn in the last 7 years. That means the number of people who’d fit in a large pub have enough money to have paid the original bank bailout of €64Bn outright (and still be so rich they wouldn’t have to work a day).

 

750,000 live under poverty line in Southern Ireland

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A new report from Social Justice Ireland has shown that the economic crisis has pushed 100,000 more people under the poverty line in the south of Ireland, with a total of 750,000 people. That's about 15% of people.

The background image is of a house on Dublin's illustrious Shrewsbury Road (the top property in Monopoly).

IBEC lobbies to keep the universal social charge and cut taxes for the rich

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As the 2016 General election got underway lobby groups had already set out their stall in terms of what they do and don't want to see in government policy. IBEC (the Irish Business and Employers Confederation) have launched their manifesto and have begun hosting political debates in plush surroundings. One of their most prominent calls to politicians is to leave the universal social charge untouched, not abolished, not reduced, and not modified to relieve lower earners from paying it.

The USC is often described in the media as Ireland's most hated tax, and it's easy to see why this might be so, it's applied to even those who are not earning enough to pay tax, or support themselves and their families.

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