Who can lead us out of depression?

[fiatpunter]

Deficit is expenditure minus revenue. We aren't collecting revenue.

we could be colleting too little or spending too much. Whichever way you want to look at it.

For me it's spending too much and not taxing enough people who work. To make up for those who will be brought into the tax net you lower social welfare.

Now who will do that?

[El Gordo]

we could be colleting too little or spending too much. Whichever way you want to look at it.

For me it's spending too much and not taxing enough people who work. To make up for those who will be brought into the tax net you lower social welfare.

Now who will do that?

But if you compare Ireland to those EU countries which are not basketcases, the difference is on the revenue side, not the expenditure side. We don't really spend more, but we tax less, which is why we are massively in deficit. Irish taxes on individuals are not particularly low by EU standards, it's corporate tax which is the problem.

[Iashaf]

we could be colleting too little or spending too much. Whichever way you want to look at it.

For me it's spending too much and not taxing enough people who work. To make up for those who will be brought into the tax net you lower social welfare.

Now who will do that?

Right. Whatever you say.

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