To win the general election,don't raise taxes,cut spending-The Economist

patslatt

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See Economics focus: Vote for agony | The Economist

Political parties which want to make gains in the coming general election should increase spending cuts and reverse the frenzy of tax grabs proposed in the imminent government budget and four year plan. That strategy is suggested by the above Economist report on a research study by three US academics on how austerity programmes affected general elections in 19 rich countries between 1975 and 2008.

Quote:

"In only 20% of the elections in the countries that slashed spending did the government lose power,compared with a 56% rate of being booted out of office for governments which chose to raise taxes."

"The authors suggest that a failure to tackle budget problems is far likelier when governments are beholden to interest groups...rather than the public at large."

In Ireland,the most important interest group is the highest paid civil servants whose pay and pensions are protected by the Croke Park Agreement while social welfare is cut.
 


theghost

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I agree that the highest paid civil servants' pay and pensions should be cut, but if you jettison the Croke Park Agreement it is not their pay that will be cut - it will be the pay of the younger nurses, care assistants, and fire brigade personnel that will be hit.
 

Trophonius

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Unfortunately this GE is like nothing before. Economics 101 is that in a recession you should cut - taxes and spending everywhere possible. This allows the economy to recover quicker. However, we are not fighting a recession, we are fighting a bailout, so no normal rules apply. We need a bucketload of money and to be honest, I don't think maFFia want to be in government for the next while.
 

patslatt

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Front line workers are important

I agree that the highest paid civil servants' pay and pensions should be cut, but if you jettison the Croke Park Agreement it is not their pay that will be cut - it will be the pay of the younger nurses, care assistants, and fire brigade personnel that will be hit.
Front line workers are important and should be protected from cuts in numbers but their pay and pensions are high compared to comparable private sector jobs. How many front line work for the minimum wage of around €8.50 and hour for a 33 hour week or €280 a week?
 

firefly123

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Front line workers are important and should be protected from cuts in numbers but their pay and pensions are high compared to comparable private sector jobs. How many front line work for the minimum wage of around €8.50 and hour for a 33 hour week or €280 a week?
Howmany private workers work for that? Genuinely what is the % of the private sector on minimum wage in ireland? Do they have the same skill set and qualifications as a frontline emergency worker? Pat do you work for 8 quid an hour? What by the way is a comparable private sector job to a firefighter/paramedic?
 

Tea Party Patriot

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I agree that the highest paid civil servants' pay and pensions should be cut, but if you jettison the Croke Park Agreement it is not their pay that will be cut - it will be the pay of the younger nurses, care assistants, and fire brigade personnel that will be hit.
They are overpaid as it is, so don't play the sympathy card just because they are front line staff.

I think a lot of people would vote for a party that would take a sharp knife to our socialist spending and lower taxes.
 

collina

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The best cut would be employers' PRSI,the tax on jobs and job creation,the stupidest tax ever.
Really? With what do you plan to replace revenues gained from empolyers PRSI?
 

Tea Party Patriot

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Howmany private workers work for that? Genuinely what is the % of the private sector on minimum wage in ireland? Do they have the same skill set and qualifications as a frontline emergency worker? Pat do you work for 8 quid an hour? What by the way is a comparable private sector job to a firefighter/paramedic?
Probably someone who orders the stationary, neither of those jobs require much in the line of intellectual capacity. But as usual the CS and PS want to make them sound like rocket science.
 

Tea Party Patriot

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Really? With what do you plan to replace revenues gained from empolyers PRSI?
Hopefully we could replace those revenues with a good chunk of your civil service salary.
 

king5494

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Again everyone is forgetting about the main problem which is how people will pay the increased cost of living and the flipping mortgage.CUT CUT CUT but remember most of our money is going to the banks to cover their losses and when more people can't pay their mortgages and loans the banks will want more taxpayers money.

Around and around it will go until nobody can pay anything and we wont have an economy to pay ourselves anything ,never mind the bill of the EU/IMF.
 

firefly123

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Probably someone who orders the stationary, neither of those jobs require much in the line of intellectual capacity. But as usual the CS and PS want to make them sound like rocket science.
This coming from (judging by their name) someone who thinks Sarah palin is the height of sophistication. Care to tell what your valuable occupation is? Other than professional troll that is.
 

gatsbygirl20

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Front line workers are important and should be protected from cuts in numbers but their pay and pensions are high compared to comparable private sector jobs. How many front line work for the minimum wage of around €8.50 and hour for a 33 hour week or €280 a week?
Yawn....same old story: "Don't take money off me. Take it off the other guy. I am a private sector worker so I would prefer that you keep cutting the PS rather than increase my taxes, although yeah, I admit the PS will pay the higher tax too. Raising taxes would totally stall the economy, but slashing the wages of every PS worker in the country won't. Trust me. They've had two paycuts already and we're fine"
 

Tea Party Patriot

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This coming from (judging by their name) someone who thinks Sarah palin is the height of sophistication. Care to tell what your valuable occupation is? Other than professional troll that is.
Chartered Accountant, I also have an honors degree and a masters in IT :) But I have a number of business interests in the private sector most of which are shrinking while civilservants and public servants milk the country dry.

Most of these so called professionals in CS frontline services could be trained in a few weeks. And please don't mention the joke that giving nurses degree status is, they were just as effective and cheaper to hire before the government were stupid enough to concede that one to them.

Also I am a Ron Paul supporter.
 

patslatt

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Dodging the issue

Yawn....same old story: "Don't take money off me. Take it off the other guy. I am a private sector worker so I would prefer that you keep cutting the PS rather than increase my taxes, although yeah, I admit the PS will pay the higher tax too. Raising taxes would totally stall the economy, but slashing the wages of every PS worker in the country won't. Trust me. They've had two paycuts already and we're fine"
You dodged the issue of the huge gap between public sector pay at the lower end of the scale and the €8.50 an hour minimum wage.
 

patslatt

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Pay cuts from the heights of profligacy

Yawn....same old story: "Don't take money off me. Take it off the other guy. I am a private sector worker so I would prefer that you keep cutting the PS rather than increase my taxes, although yeah, I admit the PS will pay the higher tax too. Raising taxes would totally stall the economy, but slashing the wages of every PS worker in the country won't. Trust me. They've had two paycuts already and we're fine"
Pay cuts from the heights of ps pay profligacy in a boom that has sunk into a depression have not reduced the wide gap with private sector pay.
 


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