Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

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

Estimates for Public Services 2015
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)

5:00 pm

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

I will not get into the political debate now, although I am sure we will have that debate again. A lot of that has to do with income. A particular area to which, it seems to me, it would be worth allocating resources is examining the distribution of wealth in terms of financial wealth and assets. Certainly, when issues such as a wealth tax are raised, one of the standard responses is that we do not really know how or where that wealth is distributed. The figures we get from the Central Bank show how much household wealth there is and how it has dramatically increased in recent years, which leads some of us to believe, given that everybody else has seen their income or their wealth fall, that it must be concentrated somewhere. The Minister disputes that. Is the Minister considering allocating any resources to look at the distribution of wealth and assets?

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