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A NEW REPORT has said that Ireland is developing a level of income inequality similar to the US.
The report – Cherishing all Equally: Economic Inequality in Ireland – says that Ireland will continue to move closer to US levels of inequality unless there are major changes to economic and social policy, including taxation policy.
The report was published today by the independent think-tank, TASC.
It is the first detailed analysis of economic inequality in Ireland and looks beyond income and wealth at a range of other issues including public services, taxation, family composition, people’s capacities and the cost of goods and services.
The report shows that before tax and welfare payments:
According to Revenue data, the top 1% of income earners in Ireland averaged €373,300 compared to €27,400 for the bottom 90%:
The top 10% hold somewhere between 42% to 58% of Ireland’s wealth compared to 12% for the bottom 50%:
Workers’ share of national income fell from 65% in 1990 to less than 56% in 2009:
Dr Nat O’Connor of Tasc said that such a level of income inequality is not inevitable.
Addressing economic inequality is important because we know that more equal societies perform better on a whole range of indicators such as crime, health and educational attainment. More equal societies are also more stable and have better chances of stronger and sustained economic growth.
“High concentrations of wealth and income can lead to disproportionate political power, and so more equal societies are better able to promote democracy and ensure the public interest is safeguarded in public policies.”
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This article is an Ad for Symprove Ireland (Probiotic), which Oonagh Owns.
@Milly: so what!!!
@Milly: sorry Milly.
Thank you
Great article and informative for one’s wellbeing, also plenty of water fish and of course exercise it’s hard to get into a regime of fitness but if you want to live a full life, for your children and grandchildren do it for them as well.
Great article Oonagh, very informative, thank you. I’m inclined to say ‘food for thought’ but some may take that as an unintended pun.
Adhd is probably linked a bit to diet too.
@P. V. Aglue: death can probably be linked to being alive. Life is complex and I don’t like being outside the box being considered as a mental issue.
The entire human race is insane.
@offside again: crazy people don’t know they are going crazy they think they are getting saner.
@Phillip Smyth: crazier.
@Phillip Smyth: if you’re not mad living in Ireland ; then wtf are you doing there ?
@offside again: trying to get you in somewhere under license.
Is there some acceptable desease to die from ?
@offside again: fffg lifetime supporter!
@offside again: old age
@Lorry R: yeah but there’s so much other shit that goes with it. Like fatal and terminal deseases.
On second thoughts after reading about this lady she’s mega, she don’t need our salutations.
have your say