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How to generate more Foreign Direct Investment Jobs


kellsangel

Member
Joined
Oct 24, 2008
Messages
79
Ireland's lost competitiveness can be partially recovered by pursuing the following strategies.


1. Pursue a cheap land policy which will reduce considerably the cost of housing workers and set up costs.

2. Allow all workers employed by the FDI sector to pay tax at the lower rate of income tax, and abolish PRSI costs by employees and employers.
 


fiannafuddy

Member
Joined
May 1, 2006
Messages
45
The main issue is labour cost, not quality. Minimum wage has to be seen as the benchmark in the sector, not the base.

Cost of living then has to be reduced to meet just below current expectations on that wage.
 

Mazzy Maz

Member
Joined
Apr 24, 2007
Messages
33
2. Allow all workers employed by the FDI sector to pay tax at the lower rate of income tax, and abolish PRSI costs by employees and employers.
mmm not sure about that, you could do a lot of damage to indigenous companies in terms of their ability to attract talented and qualified people.
 

kellsangel

Member
Joined
Oct 24, 2008
Messages
79
We seem to be accumulating an alarming surplus

mmm not sure about that, you could do a lot of damage to indigenous companies in terms of their ability to attract talented and qualified people.
of unemployed talented and qualified people.

soon the surplus could reach 15% of our labour force.


The right scheme would provide a huge incentive for FDI companies to create new jobs here as well as transfer staff to Ireland and contribute to our tax base.


As for a cheap land policy it would provide cheap housing and cheap industrial / commercial buildings.
 

Factorem

Well-known member
Joined
Dec 15, 2008
Messages
568
If you ring up the IDA and tell 'em you want to set up a 100-worker factory, they'll tell you you can have a site in Carlow for free, a site in Limerick for a small charge and a site in Dublin for a charge slightly more than small.

Try to set up a small business and you'll be thrown to the wolves on the office rent market.
 

Big Bobo

Active member
Joined
Oct 3, 2008
Messages
169
Will the indiginous sector employ all the surplus labour?
No the Irish capitalist class is simply too incompetent to provide employment for the people. Irish capitalism is a joke and that is why we are so heavily dependent on US imperialism. However hoping that foreign capital will come over and choose to exploit us instead of Poland or China is not the answer.
 

kellsangel

Member
Joined
Oct 24, 2008
Messages
79
WTF is US imperialism?

Who are the Irish capitalist class?

I thought this was a socialist country
 

Big Bobo

Active member
Joined
Oct 3, 2008
Messages
169
Who are the Irish capitalist class?

I thought this was a socialist country
The Irish capitalist class are those who control where the capital of the Irish nation is invested ie bankers, speculators, industrialists, landowners, developers etc

Imperialism is where capital is exported to a country where it will have higher returns. US imperialism is active in Ireland wherever Irish workers use US capital to create wealth and the wealth is then repatriated to the US ie the profits which were created by Irish workers are sent back to the US capitalist class despite them doing no labour.

And if you think this is a socialist country you must live on the moon.
 

bob3344

Well-known member
Joined
Dec 5, 2007
Messages
7,089
No the Irish capitalist class is simply too incompetent to provide employment for the people. Irish capitalism is a joke and that is why we are so heavily dependent on US imperialism. However hoping that foreign capital will come over and choose to exploit us instead of Poland or China is not the answer.
Do you have any concept of reality ?

You would obviously prefer that irish people were left in the quagmire of the 1980's & that the celtic tiger never happened. High unemployment, high emigration, but hey at least we
weren't being 'exploited' by foreign capital.

How exactly is Ireland going to attain prosperity without FDI ?

It is blindingly obvious that the low corporation tax system which lead to the success of the IFSC etc is our best chance.

I have a feeling many of our home grown socialists weren't actually around for the tough times of the 1980's/early 1990's and don't have a clue about anything beyond that they look nice in their che guevara teeshirts.
 

kellsangel

Member
Joined
Oct 24, 2008
Messages
79
We need more American Imperialism then

The Irish capitalist class are those who control where the capital of the Irish nation is invested ie bankers, speculators, industrialists, landowners, developers etc

Imperialism is where capital is exported to a country where it will have higher returns. US imperialism is active in Ireland wherever Irish workers use US capital to create wealth and the wealth is then repatriated to the US ie the profits which were created by Irish workers are sent back to the US capitalist class despite them doing no labour.

And if you think this is a socialist country you must live on the moon.

We need to get more than 70% of all American Imperialism destined for Europe
 

Big Bobo

Active member
Joined
Oct 3, 2008
Messages
169
Do you have any concept of reality ?

You would obviously prefer that irish people were left in the quagmire of the 1980's & that the celtic tiger never happened. High unemployment, high emigration, but hey at least we
weren't being 'exploited' by foreign capital.

How exactly is Ireland going to attain prosperity without FDI ?

It is blindingly obvious that the low corporation tax system which lead to the success of the IFSC etc is our best chance.

I have a feeling many of our home grown socialists weren't actually around for the tough times of the 1980's/early 1990's and don't have a clue about anything beyond that they look nice in their che guevara teeshirts.

Ireland has always been a capitalist nation. The difference is that in the 80s we were dependent on the Irish capitalist class which I have already described as incompetent and a joke. I would put it to you that you are the unrealistic one if you think its a good idea to let some cowboy in Texas have the city of Limerick by the balls. Foreign capital is in Ireland for one reason and one reason only- profit. The reason they came to Ireland is because we were easy to exploit and we had a pathetic spineless government prepared to bend over backwards to accomodate international capitalism and imperialism. Now that we are no longer of use to US imperialism and international capitalism the like of Dell and Boliden (Tara mines) will gleefully throw Irish workers onto the scrap heap and search the globe for a new country with a collaborationist government to exploit. And to think we didn't even tax their profits.
 

meriwether2

Active member
Joined
Nov 15, 2008
Messages
140
its a good idea to let some cowboy in Texas have the city of Limerick by the balls
Don't worry, you soon wont have that appalling vista to contemplate anymore.
 

sport02

Well-known member
Joined
Sep 25, 2010
Messages
19,640
Tom Lyons Irish Times
Breaking a good fdi story tomorrow. Important news - hope every stop pulled out to make it happen.
 

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