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Re: Irish Bombshell: Government Raids Private Pensions To Pay For Spending...

By: fizzy in ROUND | Recommend this post (0)
Wed, 11 May 11 3:42 PM | 182 view(s)
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Msg. 32903 of 45510
(This msg. is a reply to 32902 by Decomposed)
Jump:

Coming soon to a theater near you!

A year ago I spent some legal money looking into incorporating a business in Ireland. I never got around to pursuing that. At this point I'd, frankly, be afraid to.

This practice of seizing or taxing (what's the difference? Only a PRETENSE of fairness) pension plans to make up for GROSS GOVERNMENT CORRUPTION AND INCOMPETENCE is catching on like wild-fire.

I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon

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The above is a reply to the following message:

Irish Bombshell: Government Raids Private Pensions To Pay For Spending...
By: Decomposed in ROUND
Wed, 11 May 11 3:30 PM

Msg. 32902 of 45510

Irish Bombshell: Government Raids PRIVATE Pensions To Pay For Spending

Joe Weisenthal and Gregory White
www.BusinessInsider.com

May 10, 2011, 12:29 PM

The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today.

Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to stimulate the economy. Today's jobs program includes specific tax increases, including the tax on pensions, aimed at keeping government jobs spending from adding to the national debt.

The tax on private pensions will be 0.6%, and last for four years, according to the report.

Full article: http://www.businessinsider.com/irish-bombshell-government-raids-private-pensions-to-pay-for-jobs-program-2011-5

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