"I believe a €5 land tax per acre regardless of the quality of the land could yield a massive €8 billion per year straight into the coffers of Government," says Noel O'Neill, chairperson of the Kerry Network of People with Disabilities.While his figures don’t seem to stack up (see comments below) he makes the point that there is untapped wealth in this country and he argues that the poor can't pay for the banks' collapse.
On his specific proposal, Noel says farmers he knows agree with him. If you want to read more advice (2 pages) to the Government on the upcoming budget from the KNPD, click the link here.
BACKGROUND: The KNPD is one of 160 Community Development Projects that are part of the LCDP. The project is currently amalgamating with the North East Kerry Development Company.
What a pity the author could not multiply correctly. His figures in this article are incorrect by a factor of 100. His proposal would give 18 million additional revenue NOT the 1.8 Billion he states.... Did he work for a bank ????
ReplyDeleteI don't know where Noel worked in the past but you're right. Thanks for double-checking the maths on this. Yes we'd need Ireland to be about the size of France and Spain together to deliver the billions Noel is talking about.
ReplyDeleteHis scheme would bring in a modest €54 MILLION PER ANNUM going by Teagasc farmed acreage figures.