Dramatisk dag i Irland med proteststorm mot parlamentet och uppmaningar om nyval
Dagen efter ‘räddningen’ av Irland var allt annat än lugn, med en hårt utsatt regering som anklagades för förräderi, proteststorm mot parlamentet och uppmaningar om omedelbart upplösande av parlamentet och nyval. Inte nog med det, EU sa samtidigt att Irland kan tänka sig att mjuka upp sin position gällande de låga bolagsskatterna. Google, HP och andra globala giganter har satt hård press på Irland och meddelat att man kan tänka sig att lämna landet om skattesystemet ändras.
En smått dramatiskt dag med andra ord men till skillnad från regeringen så lär inte det irländska folket vika sig i första taget. Kan ni tänka er vilka protester som kommer att bryta ut i Europa, inte minst i Tyskland och Frankrike, när det går upp för folket att de kommer att betala för all bankkorruption och misskötsel av statsfinanser. Håll i hatten, det kommer att blåsa kraftigt de kommande månaderna.
Här är en kommentar från Karl Denninger (The Market Ticker):
The government is under siege, with protesters attempting to storm Parliament. More-ominously, however, is that The Green Party appears to have pulled out from their government coalition, which would mean that any budgetary reforms that are as a condition of the bailout could fail.
That, in turn, would trash the entire process.The EU in turn has said that Ireland is willing to consider “softening” their position on the corporate tax rate. This has trouble written all over it, as much of the “Irish Miracle” has been due to the very low corporate tax rate that dragged a number of corporate headquarters there – including some from the United States. Should changes in tax rates promote corporate flight further serious pressure would be placed on government budgets due to the loss of jobs and thus tax revenue.
The ultimate problem with bailouts is that everyone seems to think there’s a free lunch. There isn’t. You can rob someone to pay someone else, but you can’t conjure up money from nowhere. But bailouts inherently wind up taxing the people who got robbed in the first place to pay off the people who made the bad bets and lost money. When it comes to bailing out banks it gets even worse due to the leverage involved – the banksters keep the money, including their salary and bonuses, while the people get robbed not only in the form of losses on their so-called “safe” investments but then again when they are taxed to fund the bailout!
There’s nothing like getting stuck up at gunpoint and not only losing the hold-up money but then being taxed a second time to pay for the robbery in which you were victimized!
This nonsense has to stop and the banks involved must be taken into receivership, reorganized, and the executives involved removed from their positions, tried and jailed.
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