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Why Should Everyone Else, APART from the People that caused this mess, Pay for it ?


Luigi Vampa

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Jun 19, 2010
Messages
3,252
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people, and our country, to find billions of taxpayers money, to bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
 
Last edited:

controller

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Feb 25, 2009
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3,176
Easy..........if your friends and drinking buddies were making the rules, and if you were as corrupt as our lot........the rules would be made to facilitate you
 

Radix

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Aug 31, 2010
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10,031
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
Fair play for trying to highlight injustice. I think you'll find that it is something to do with the nature of humanity. Our political systems are ran by people, and people are imperfect, (your good self excluded Vamp).:)

In a more ideal world, the real poor would be excluded from paying the price for the excesses of their fellow citizens. Unfortunately the real poor live in the real world, which is imperfect, as explained above.

There have been precedents set before for this, and it is interesting you use the term "crucifying"; since the most famous unjust crucifying incident, was of one, who was poor in spirit but could see God. His name was Jesus from a place called Nazareth, as far as I recall from my reading of history.

We have to live with a system which lacks justice, but we also have an obligation to remedy this, in those small spaces which we ourselves occupy. The more light we provide, the less darkness there will be!

As the saying goes; "it is better to light a candle, than to curse the darkness".

Hope your post throws up some answers for you.
 

bormotello

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Aug 8, 2008
Messages
12,171
Of coarse not
People who gained most must return everything back,
Minimum pay, taxes, welfare rates and PS pay must go back to 2001, and everybody who owns NAMA and not paying debt must be jailed(difficult to achieve, because most of judges transferred their debts to NAMA)
 

onlyasking

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Joined
Dec 19, 2008
Messages
5,735
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
It's linked to moral, financial and political corruption, cowardice, deference and obedience. The same characteristics that predominated during the decades of unhindered clerical abuse.

In place of the all-powerful church, we now have the all-powerful political and business elites with their willing knights and footsoldiers in the privately owned media. There's a few of those rotten 'journalists' in RTE too.

This state is rotten to its very core, and our society is at death's door. We need to start again, from scratch.
 

Ah Well

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Joined
Dec 18, 2008
Messages
1,235
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
Because those charged with our welfare lead us to believe that if they didn't do it this way we are all



The biggie of course being are we heading exactly that way now because of what they have done "in our interests"

I'm inclined to go for the latter .........
 

conservative green

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Oct 1, 2008
Messages
1,275
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
The alternative is not repaying deposit holders. So your granny loses her life savings. Plus if you think our bond yields are high now what would they be like if we implemented such a strategy.

You do get that, don't you? Perhaps not.
 

Odyessus

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Joined
May 16, 2007
Messages
12,987
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?

Because the budget cuts are not to bail out banks, they are because our tax revenue is about €30 billion, and we are spending about €50 billion.

The €20 billion we have to borrow every year is needed to pay public service pay and social welfare benefits, both of which were increased dramatically during the boom because of the extra tax revenue flowing into the exchequer.

This led the government to reduce incomes taxes and depend on the property and banking sector for revenue. These sources have now dried up; hence the shortfall.

If you call welfare recipients, pensioners, public sector workers and even private sector workers "ordinary people", they all benefited from the boom through lower taxes and higher pay rates.
 

Luigi Vampa

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Jun 19, 2010
Messages
3,252
The alternative is not repaying deposit holders. So your granny loses her life savings. Plus if you think our bond yields are high now what would they be like if we implemented such a strategy.

You do get that, don't you? Perhaps not.
You do get that they only had to protect ordinary deposit accounts and small business accounts. You do get that they didn’t have to nationalise the golden sectors speculation debts ? You do get that dont you ? Perhaps not.
 

Luigi Vampa

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Jun 19, 2010
Messages
3,252
Because the budget cuts are not to bail out banks, they are because our tax revenue is about €30 billion, and we are spending about €50 billion.

The €20 billion we have to borrow every year is needed to pay public service pay and social welfare benefits, both of which were increased dramatically during the boom because of the extra tax revenue flowing into the exchequer.

This led the government to reduce incomes taxes and depend on the property and banking sector for revenue. These sources have now dried up; hence the shortfall.

If you call welfare recipients, pensioners, public sector workers and even private sector workers "ordinary people", they all benefited from the boom through lower taxes and higher pay rates.
But yet we could afford to nationalise 100 billion of golden circle speculators debts ?
 

johntrenchard

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Joined
Nov 7, 2009
Messages
991
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
Some reading for you...

Anglo-Irish Bondholders Should Take the LossesIs the ECB Forcing Ireland to Protect German Investments? - Guy Fawkes' blog

lists the bond holders in Anglo Irish
 

eoghanacht

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Joined
Apr 18, 2006
Messages
33,340
They have better solicitors and accountants than the Government, the Justice dept and the Finance dept have.

Plus my sig says it all.
 

Cassandra Syndrome

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Joined
Aug 23, 2009
Messages
16,908
Because the budget cuts are not to bail out banks, they are because our tax revenue is about €30 billion, and we are spending about €50 billion.

The €20 billion we have to borrow every year is needed to pay public service pay and social welfare benefits, both of which were increased dramatically during the boom because of the extra tax revenue flowing into the exchequer.

This led the government to reduce incomes taxes and depend on the property and banking sector for revenue. These sources have now dried up; hence the shortfall.

If you call welfare recipients, pensioners, public sector workers and even private sector workers "ordinary people", they all benefited from the boom through lower taxes and higher pay rates.
Why did the tax revenue drop mform €47 Billion in 2007 to €30 Billion in 2009?
 

Sierra

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Joined
Sep 26, 2007
Messages
3,489
Because in theory those that caused it are broke so they cannot pay for it, and if the taxpayer does not step in and plug the hole now, they will be landed with an even bigger bill to pay down the line.

We established that nearly two years ago now.
 

bananarepublic.ie

Active member
Joined
Feb 15, 2009
Messages
237
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
Because they suddenly love their wives and transferred pensions, other savings and big big houses in fancy post codes to their them. Law don't apply on them so there we have it.
 

eoghanacht

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Apr 18, 2006
Messages
33,340
Because in theory those that caused it are broke so they cannot pay for it, and if the taxpayer does not step in and plug the hole now, they will be landed with an even bigger bill to pay down the line.

We established that nearly two years ago now.
Which begs the question Why do we have to step in? When you say in theory they are broke then i point to my earlier post. Why are we so ready to destitute ourselves in stead of beggaring those that caused this mess, why beacuse of the laws drafted by people who take legal political donations from the ones's that caused this mess.
 

eoghanacht

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patslatt

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Apr 11, 2007
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Because ordinary people kept voting for Fianna Fail!

After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?
 

bogtrotter

Well-known member
Joined
May 30, 2007
Messages
3,417
After reading this site for the last few years, I have yet to find an honest answer to this question.

Why are we crucifying ordinary people and our country to find Billions of taxpayers money to pay bail out reckless private Banks and SCAMA, and effectively paying off the gambling debts of extremely wealthy speculators for them ?


Because the rules/laws are in place to protect the wealthy and their political sponsors....There is no point in complaining unless you are prepared to vote them out....We are fortunately a democracy and can change the system if we so desire by voting for and alternative .....But if we are not prepared to do that the we should shut up and get on with it...
 
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