Wednesday, May 6, 2015

Desperate Attempt to Collect Bondholder Money Will Create 'Domestic Emigration'

Irish Water

"ah jaysis, here we go again.."

I know, I know - you're fed up with it.  You wish it would just go away.  It's a total catastrophe and should be consigned to the history books with e-Voting and Kenny's half-wit whim to abolish the Seanad.

Well it's actually Kenny and his corporate-fascist/banker driven Fine/Gaol-Slavour government that insist on flogging the Irish Water dead horse.

Now they are talking about taking charges/fines (the story is still unclear) from your wage packet if you work and your social welfare if you don't.

Income Tax, Universal Social Tax, Pay-Related-Social-Tax, Property Tax, and now Water Tax.  Your employer is now a tax collector - responsible for collecting taxes from you that have NOTHING TO DO WITH YOUR EMPLOYMENT!

Naturally enough as we have come to expect, the government simply haven't a clue about the bigger picture here and what implications these measures will have on the labour market.

As your employer becomes more and more involved in implementing totally unrelated government policy against you (and these things are AGAINST you ... you don't benefit 1c from property tax, water tax, even PRSI and USC!), more and more people will find it attractive to look for work in the black economy.

What this means is a DOUBLE-WHAMMY for the government.  In trying to efficiently collect tax on water and other things, the government will drive people out of the real labour market, reducing revenue to the exchequer and COMPOUNDING the issue of lack of funds for public services like hospitals, schools, infrastructure and social welfare.

What we will have in effect will be 'Domestic Emigration' ... the disappearance of people from the system.  Of course, this won't be a massive diaspora initially, but as the effects of austerity policies prevent the unemployed from finding jobs (cost of childcare, after school services, loss of benefits not compensated for by low wages/zero contract hours etc) and drive more and more of the working middle classes on average wages below the poverty line.  More and more desperate people will seek relief in black economy jobs, putting more and more and more pressure on services from a bankrupt government.

David McWilliams has painted a very concise picture of the mortgage-debt time-bomb that is at this moment counting down to it's last 'tick'.
http://www.davidmcwilliams.ie/2015/05/05/the-day-of-debt-reckoning-is-nigh
As middle income families (and even families of professional people mortgaged to the hilt - doctors, dentists, solicitors, barristers, accountants, etc) see this bomb go off under their homes, every cent of property tax, USC, water charges (and pending other arbitrary made-up and unjustifiable taxes like broadcasting charge) becomes one more cent that people just simply cannot afford.

What we can expect in the next ten years is a further surge in emigration, as our best, brightest and most employable seek a less oppressive existence elsewhere; in homelessness, as the priority of finance over humanity continues under an indifferent and controlled political regime; in suicide, as people fall under ever-increasing levels of stress with NO support or solution from the State.

In 2025, when Ireland is populated by pensioners, homeless, unemployed and unemployable, and a disenchanted, disenfranchised youth ... who will be left to tax?

Between 2024 and 3031 the government will have to destroy € 16 BILLION of bond-money thanks to the Fine/Gaol-Slavour Promissory Note.
http://thechatteringmagpie14.blogspot.ie/2015/04/quantitative-squeezing.html


The politicians have quite simply NO CREATIVE THINKING to solve Ireland's problems except the TAKE TAKE TAKE from the people and throw money - not at the problems - but into the fire.

The solution will not be found in politics - not in its current form.  A general election and a new government will be as effective as changing the cabin crew on a hijacked plane.

While we allow the political agenda to be set by bankers and global corporations (TTIP etc) then our social policy and well-being will also come a poor second to their bottom line.

The only solution is take back control of the plane...

#fuckEU

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