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1.4K posts
If you’ve ever been to Norway you’d realize it’s a very lovely place but the people live very utilitarian lives and there is nowhere near the quality of life you find in the US. It’s a nice, basic place to live with no urban turmoil, an homogeneous culture and not a lot of sunlight…
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It’s a myth that the state doesn’t create wealth.
While a thriving private sector was important, Norway became rich through state ownership in strategic sectors, strong public education, coordinated wage bargaining, universal healthcare, and productive tax rates.
Rock Chartrand🤑@RockChartrand
Norway isn’t rich because of welfare. It’s rich because of productive industries, capital accumulation, and markets that generate surplus. The welfare state spends that surplus. Wealth is created first. Then it’s redistributed. So the claim flips cause and effect. Social programs don’t create the wealth they rely on. They depend on it.
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@carlowlad715482 @danobrien20 Lowering tax rates just makes it easier for them to not have to do overtime and they're likely to only work their hours as they have a decent lifestyle for less pay then.
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@carlowlad715482 @danobrien20 I know nurses and trades people working overtime already and earning 90k a month. Don't think it'll incentivize them much more. You have a point on that but given we have maximum employment and actual average hours worked are high, I don't see it making a wider difference
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@carlowlad715482 @danobrien20 You may be on to something there,but I don't know if that'll work in reality,Ireland is a relatively wealthy country, our ours are in line with other wealthy EU countries,I don't think money will incentivize that enough to actually make a difference.Average hours aren't that low.
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@Koolkat6000 @danobrien20 Ireland has low unemployment but severe labour shortages in trades, nursing, construction etc, HSE queues and building delays prove supply is constrained. Marginal rates still deter extra hours, overtime, self employment and skilled returnees.Cutting them increases participation.
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@carlowlad715482 @danobrien20 It quite literally takes it into account,marginal disincentive would do the opposite?Bank cash also means we're not even bothering chasing returns,that would indicate we should incentivize investment, you could make the argument for cgt reform then but doesnt mean income tax.
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@Koolkat6000 @danobrien20 “Record bank cash” ignores the marginal disincentive,50% plus on extra earnings still deters trades overtime, selfemployment and return migration. Surpluses are FDI/corp tax driven,lower personal rates grow domestic output and tax base while services improve.
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@carlowlad715482 @danobrien20 Ireland has record savings rates and record cash deposits. Our spending remains so high, we experience higher than average EU inflation. It'd do completely nothing. Just make government worse.
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@Koolkat6000 @danobrien20 Not “trickle down”it’s cutting marginal disincentives on workers’ extra earnings. Ireland’s chronic shortages despite record corp-tax surpluses and OECD top spending. US/UK irrelevant,Ireland’s data shows high personal rates deliver poor outcomes, not prosperity.
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@carlowlad715482 @danobrien20 The case for trickle down economics of the 1970's has been proven wrong at this point.been trying to condition us for last 50 yrs into thinking it's a good thing but go look at state of US & UK. People are now wealth poor and inequality is through the roof. Gdp isn't everything.
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@carlowlad715482 @danobrien20 That's not true either. Ireland is sitting on record levels of cash in personal bank accounts. The cash is not being reinvested so the case for that isn't there. Government runs surpluses. And reducing the tax take, will make spending look worse not better. It's all the opposite
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@carlowlad715482 @danobrien20 We are at maximum employment that's simply not true.
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@Koolkat6000 @danobrien20 Cutting marginal personal rates increases labor supply in trades and health . Domestic shortages shrink, tax base grows,queues fall while corp tax still funds services.Ireland already spends near OECD top per capita with dire outcomes,disincentives are the problem, not revenue.
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@carlowlad715482 @danobrien20 How can less money fund better services what are you smoking.
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@Koolkat6000 @danobrien20 Our FDI driven corp tax already pays for the system,personal rates are extra disincentives on workers. Cutting marginal personal rates not corp tax grows the domestic economy, funds better services and shrinks queues.High personal tax rate is the price we have for shortages.
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@MarvinTBaumann You're joking. The entire middle east was a tinder box because of them. Do you forget the red sea crisis in late 2023???
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The disconnect between Europe and the US right now, even with halfway reasonable people like Pompeo, is insane right now.
They have no idea the wreckage they have brought onto the world, that stands in no comparison to the low global threat Iran posed to most countries.
Tymofiy Mylovanov@Mylovanov
Pompeo: It breaks my heart, but NATO allies have been feckless — unable to support or explain US and Israeli strikes on Iran. After this, the US will have to rethink who its real allies are and what it can rely on them for. 1/
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@D4RW1NEXE @Polymarket Honestly I think that's fine that a vpn can access it. The system shouldn't be impenetrable just high effort enough that kids don't have access.
It shouldn't be an excuse for absent parenting.
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@Polymarket A 15 year old with a free VPN will bypass this system in exactly three minutes. Legislation drafted by tech illiterate politicians consistently fails to understand digital borders.
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JUST IN: Irish government testing digital ID to verify the age of social media users.
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@Owen_Grif @echetus @nikicaga Probably worse it is orc-land after all. Definitely not representative of the rest of Europe.
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Sorry babe. My boss says we we can’t see each other any more
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@carlowlad715482 @danobrien20 And how on earth do you get to lower queues?? It'll make queues worse.
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@carlowlad715482 @danobrien20 Someone has to pay for the system that facilitates it. Other places it's through higher corporate taxes, which would negate irelands benefits. High inequality leads to high crime and corruption. There is no free lunch.
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@IrishTimes Irish Times really running with this story as much as they can.
It's one dude. He got it over the line. Now it's just execution, the people that work there do that part.
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MetroLink chief’s shock resignation could spook construction market irishtimes.com/transport/2026…
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@Jazzysnoop75767 @Polymarket They helped install the ayatollah perhaps something to do with that
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@Polymarket I get why Russia and China pushed against it, but why France?
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JUST IN: Russia, China, & France blocked an Arab-led push at UN Security Council for a resolution authorizing military force to reopen the Strait of Hormuz.
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Why would we want to bomb any nation "back to the Stone Ages?"
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@Koolkat6000 @BBCWorld *if there are no rewards and consequences*
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Burkina Faso must 'forget' about democracy, military leader says bbc.in/41bOuGU
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