Saturday 16 December 2017

Some are more equal than others

Sir -- In light of the announcement of the 2012 Budget last week, I can't help feeling the article entitled 'Howlin must get on with his heavy task' by James Fitzsimons (Sunday Independent, December 4, 2011) was even more poignant as I reflected back on it.

In his article, Mr Fitzsimons, an independent financial adviser specialising in tax and financial planning, pointed out the obvious when he said, "The reliance on tax to prop up public spending is crazy. Tax is being taken from the wrong people and it is applied inefficiently. Even the French have finally admitted that European debt is too high and it cannot all be paid back."

He also went on to say, "The Government might as well have dumped our taxes into a black hole in the last three years, as the foreign banks that we paid back may now default on their own creditors. Last year, we ran a current account deficit of nearly €20bn that crippled the taxpayer."

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