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Frank Schnittger:
would shift the taxation burden from struggling, non profitable businesses to profitable businesses
How about shift the taxation burden from struggling small businesses to large corporations?

You shouldn't give critics a handle to argue "nonprofitable businesses should go bust" from a social darwinism/Austrianism/creative destruction angle.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Fri Feb 11th, 2011 at 05:17:52 AM EST
[ Parent ]
Migeru:
You shouldn't give critics a handle to argue "nonprofitable businesses should go bust" from a social darwinism/Austrianism/creative destruction angle.

Nobody makes that argument in Ireland - we're happy to have any business we can get and understand that all businesses, especially smaller ones or start-ups can go through rough patches where they might need support.

Perhaps this illustrates why IM was wrong to tar all irish political parties with the "neo-liberal" brush.  Some may think that that is the way the world works, at a global, macro-economic level, but few want it to work that way.

There is a lot of appreciation for people who put in a hard shift and want to make a go of their business, and almost no time for those who regard profits as an end in themselves.  The notion that, the higher the profits, the more tax you pay, is not therefore controversial at all/

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 11th, 2011 at 05:50:40 AM EST
[ Parent ]
Frank Schnittger:
Perhaps this illustrates why IM was wrong to tar all irish political parties with the "neo-liberal" brush.  Some may think that that is the way the world works, at a global, macro-economic level, but few want it to work that way.
I think IM may have been right to say "they're neoliberals and they want to have their cake and eat it, too".

Nobody claims that neoliberal economics makes logical sense, or that conservatives do logic.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Fri Feb 11th, 2011 at 06:41:22 AM EST
[ Parent ]
Insofar as this remark is directed at me personally, I think my views are more accurately expressed in this comment below.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 11th, 2011 at 07:21:52 AM EST
[ Parent ]
I am pretty sure that Franks proposal is already at the left margin of Irish political discourse. Over at Cedar lounge revolution they already speculate about a FG one party government.

A question, this proposal would be neutral to business, but wouldn't it ruin local governments or at least their independence?

by IM on Sat Feb 12th, 2011 at 06:04:21 PM EST
[ Parent ]
Local Government gets most of its funding from central Government anyway, and arguable spends most of it quite inefficiently on local bureaucracies which tend add little value.  You must remember that even the National Government only covers a population of 4 Million - "Local" in the context of many larger countries - and some County Councils cover populations as small as 30,000.  I do accept there is a risk that the autonomy of local councils could be eroded further by this proposal and would not be averse to some form of "ring-fencing" to safeguard this.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sun Feb 13th, 2011 at 07:56:00 AM EST
[ Parent ]

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