Wednesday 21 March 2018

Stephen Kinsella: Promissory notes deal should be on everyone's Christmas list

A MEME is an idea that spreads from person to person like a virus. On the internet memes spread across email and blogs, and change their meaning as they go. It can be fascinating watching people use ideas and phrases in new ways. Each new use subtly alters the original meaning, like Chinese whispers.

There's a funny meme running about the place at the moment in government circles. It's the 'can't pay, won't pay' meme. Opponents of the household charge used this meme as a slogan during the year to protest the imposition of a regressive poll tax on property.

The Government is now advancing the same 'can't pay won't pay' argument to cover not paying €3.1bn due in March to fund the promissory notes.

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