Ireland: Latest bailout is one too far

[Joanne98]

Source: Irish Times

After a brief delay, the draft Finance Bill was finally published on Friday. As the Government was collapsing around him, Brian Lenihan was forced to renege on the proposed abolition of the controversial property-based tax incentives.

Taxpayers are not happy with this. They see it as another cave-in by the Government, as it protects those who sheltered their income from tax -- yet another case of those who gave the least benefiting the most.

At least that is how the general taxpayer sees it. They bailed out the banks, the developers and the bondholders. Now it's the turn of the tax cheats.

The only people who aren't entitled to a bailout are homeowners with distressed mortgages and small businesses trying to hold things together. Surely this is wrong.



Read more: http://www.independent.ie/opinion/analysis/latest-bailout-is-one-too-far-2507368.html

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Same thing happening everywhere.

[bemildred]

1. "The Government is blind to everything except propping up the banking system at all cost. "

'Nuf said.

[xchrom]

2. Recommend

[StarsInHerHair]

3. k and r

nt