Oireachtas Joint and Select Committees

Wednesday, 27 November 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance (No. 2) Bill 2013: Committee Stage (Resumed)

3:20 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Okay, trading in stocks and shares, which is largely gambling. It involves people who have money trying to make money not by doing any work but by speculating on how they can make unearned profit. I fundamentally and philosophically do not agree with that. This area needs to be taxed more and it is a destabilising factor in the global economy. I oppose it.

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