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 Post subject: Re: Budget 2019
PostPosted: Tue Oct 09, 2018 7:44 pm 
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Single Home Owner

Joined: Jul 31, 2009
Posts: 127
So we've a budget that incentivises landlords to turf tenants out in order to complete repairs/renovations and then pump up the rents to the next poor sods trying to rent while the landlords obtain 100% mortgage interest relief...thus giving them extra purchasing power in the market.

Not to mention that all this money allocated from government comes from windfall revenue (corporation tax). Reminds me of the times FF used to splash the cash due to the revenue flowing in from stamp duty. We're too exposed to do this crap again...the mind boggles!!!


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 Post subject: Re: Budget 2019
PostPosted: Tue Oct 09, 2018 7:59 pm 
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Too Big to Fail

Joined: Jun 16, 2007
Posts: 3006
Location: Oighearland
FreeFallin wrote:
Equality budgeting expert group is being set up to gender and disability proof the budget.

That folks is the level of 5hite we're at in this country


been this way for a while now. :sick:

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 Post subject: Re: Budget 2019
PostPosted: Tue Oct 09, 2018 8:42 pm 
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Speculator

Joined: May 23, 2009
Posts: 453
Stolen from boards:
Quote:
Why are they bandying around the €5 a week figure. In reality, most on welfare have dependents, so thus there'll be a combination of:

€5 for the main claimant (198 -> 203)
€3.30 for a spouse / partner (131.4 -> 134.7)
€2.20 for each child under 12 (31.8 -> 34)
and €5.20 for each child over 12 (31.8 - 37)

For the "average" family of Mother, Father and two kids, that works out to €15.70 pw increase
A single parent with two kids works out to a 12.40 p/w increase

Adding the Christmas bonus (of a full weeks payments at €408.70) the nuclear family on welfare is seeing an increase of €23.48 p/w (or €1,221.10 per annum) after Budget 2019 while the single parent family with two kids on welfare (with a bonus payment of €274) is actually seeing an increase of €17.66.

This isn't a budget for the "squeezed middle", it's a budget for welfare recipients.

A single income family of the same nuclear makeup now needs an after-tax salary of €21,661.10 to match their unemployment benefits. Add in HAP/Social Housing and ancilliaries (back to school allowance etc) and it's making a mockery of anyone trying to raise a family on less than €50k per annum.

EDIT: Corrected the increase to account for chasm's correct RE dependent benefit increase being €3.30 rather than €5


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 Post subject: Re: Budget 2019
PostPosted: Tue Oct 09, 2018 9:25 pm 
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Single Home Owner

Joined: Jul 24, 2018
Posts: 121
bubbletrouble wrote:
So we've a budget that incentivises landlords to turf tenants out in order to complete repairs/renovations and then pump up the rents to the next poor sods trying to rent while the landlords obtain 100% mortgage interest relief...thus giving them extra purchasing power in the market.

Not to mention that all this money allocated from government comes from windfall revenue (corporation tax). Reminds me of the times FF used to splash the cash due to the revenue flowing in from stamp duty. We're too exposed to do this crap again...the mind boggles!!!

McCreevynomics with a dash of Cowen


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 Post subject: Re: Budget 2019
PostPosted: Wed Oct 10, 2018 2:31 pm 
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Too Big to Fail
User avatar

Joined: Aug 21, 2009
Posts: 4547
Location: Mesopotatia
Thargor wrote:
Stolen from boards:
Quote:
Why are they bandying around the €5 a week figure. In reality, most on welfare have dependents, so thus there'll be a combination of:

€5 for the main claimant (198 -> 203)
€3.30 for a spouse / partner (131.4 -> 134.7)
€2.20 for each child under 12 (31.8 -> 34)
and €5.20 for each child over 12 (31.8 - 37)

For the "average" family of Mother, Father and two kids, that works out to €15.70 pw increase
A single parent with two kids works out to a 12.40 p/w increase

Adding the Christmas bonus (of a full weeks payments at €408.70) the nuclear family on welfare is seeing an increase of €23.48 p/w (or €1,221.10 per annum) after Budget 2019 while the single parent family with two kids on welfare (with a bonus payment of €274) is actually seeing an increase of €17.66.

This isn't a budget for the "squeezed middle", it's a budget for welfare recipients.

A single income family of the same nuclear makeup now needs an after-tax salary of €21,661.10 to match their unemployment benefits. Add in HAP/Social Housing and ancilliaries (back to school allowance etc) and it's making a mockery of anyone trying to raise a family on less than €50k per annum.

EDIT: Corrected the increase to account for chasm's correct RE dependent benefit increase being €3.30 rather than €5


Sinn Féin couldn't have done much better themselves

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 Post subject: Re: Budget 2019
PostPosted: Wed Oct 10, 2018 2:55 pm 
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Under CAB Investigation

Joined: Feb 4, 2011
Posts: 1516
Location: A rock drifting aimlessly in the north atlantic
Dubhgeannain wrote:
Thargor wrote:
Stolen from boards:
Quote:
Why are they bandying around the €5 a week figure. In reality, most on welfare have dependents, so thus there'll be a combination of:

€5 for the main claimant (198 -> 203)
€3.30 for a spouse / partner (131.4 -> 134.7)
€2.20 for each child under 12 (31.8 -> 34)
and €5.20 for each child over 12 (31.8 - 37)

For the "average" family of Mother, Father and two kids, that works out to €15.70 pw increase
A single parent with two kids works out to a 12.40 p/w increase

Adding the Christmas bonus (of a full weeks payments at €408.70) the nuclear family on welfare is seeing an increase of €23.48 p/w (or €1,221.10 per annum) after Budget 2019 while the single parent family with two kids on welfare (with a bonus payment of €274) is actually seeing an increase of €17.66.

This isn't a budget for the "squeezed middle", it's a budget for welfare recipients.

A single income family of the same nuclear makeup now needs an after-tax salary of €21,661.10 to match their unemployment benefits. Add in HAP/Social Housing and ancilliaries (back to school allowance etc) and it's making a mockery of anyone trying to raise a family on less than €50k per annum.

EDIT: Corrected the increase to account for chasm's correct RE dependent benefit increase being €3.30 rather than €5


Sinn Féin couldn't have done much better themselves


The media are framing this as a giveaway budget, but people I've talked to, mostly people who get up early in the morning, drop kids at creche/school, go to work, etc, Leo's people, they are not impressed at this "give away". Not at all.

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 Post subject: Re: Budget 2019
PostPosted: Wed Oct 10, 2018 3:07 pm 
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Property Magnate

Joined: Oct 12, 2014
Posts: 632
Location: Dublin
Is this budget slightly aimed at the social welfare citizens, in the hope of peeling a few percentage off Sinn Fein’s vote in the next election?


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 Post subject: Re: Budget 2019
PostPosted: Wed Oct 10, 2018 3:16 pm 
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Nationalised

Joined: Sep 29, 2010
Posts: 8810
Location: London, innit
Magpie wrote:
Dubhgeannain wrote:
Thargor wrote:
Stolen from boards:
Quote:
Why are they bandying around the €5 a week figure. In reality, most on welfare have dependents, so thus there'll be a combination of:

€5 for the main claimant (198 -> 203)
€3.30 for a spouse / partner (131.4 -> 134.7)
€2.20 for each child under 12 (31.8 -> 34)
and €5.20 for each child over 12 (31.8 - 37)

For the "average" family of Mother, Father and two kids, that works out to €15.70 pw increase
A single parent with two kids works out to a 12.40 p/w increase

Adding the Christmas bonus (of a full weeks payments at €408.70) the nuclear family on welfare is seeing an increase of €23.48 p/w (or €1,221.10 per annum) after Budget 2019 while the single parent family with two kids on welfare (with a bonus payment of €274) is actually seeing an increase of €17.66.

This isn't a budget for the "squeezed middle", it's a budget for welfare recipients.

A single income family of the same nuclear makeup now needs an after-tax salary of €21,661.10 to match their unemployment benefits. Add in HAP/Social Housing and ancilliaries (back to school allowance etc) and it's making a mockery of anyone trying to raise a family on less than €50k per annum.

EDIT: Corrected the increase to account for chasm's correct RE dependent benefit increase being €3.30 rather than €5


Sinn Féin couldn't have done much better themselves


The media are framing this as a giveaway budget, but people I've talked to, mostly people who get up early in the morning, drop kids at creche/school, go to work, etc, Leo's people, they are not impressed at this "give away". Not at all.



Not sure if this is Clintonian triangulation genius or Cowanesque idiocy. The deplorables on Thejournal.ie will never vote for "FFG" anyway or so they keep saying, but then what fiscally responsible alternative do the people who get up early have to vote for??


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 Post subject: Re: Budget 2019
PostPosted: Wed Oct 10, 2018 4:34 pm 
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Too Big to Fail
User avatar

Joined: Mar 7, 2012
Posts: 3366
Location: Lovely Leitrim
FTBer wrote:
Is this budget slightly aimed at the social welfare citizens, in the hope of peeling a few percentage off Sinn Fein’s vote in the next election?


Bingo, trying to out Sinn Fein Sinn Fein

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 Post subject: Re: Budget 2019
PostPosted: Thu Oct 11, 2018 4:30 am 
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Private Tenant

Joined: May 20, 2015
Posts: 46
So the increased tax relief for landlords seems straightforward enough: provide a tax incentive to increase supply.

Surprised by the negative reaction to this. That said, if it doesn’t result in an increase in net supply it can be considered a failure.

But I think it will.


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