Mick Wallace (Wexford, Independent) | Oireachtas source

Deputy Boyd Barrett has made two main points. He states if we apply a 25% levy, people will state they have made enough money out of the land and will flip it. Somebody will hold it and somebody will pay 25%. On the point that people will take the 60% offer we have included in the Bill and that provided the purchaser and local authority can agree they can do a deal, I can tell Deputy Boyd Barrett that, more often than not, if people have access to the finance, it will still make more sense for them or somebody to develop the land rather than to allow the local authority to take it for 60% of its value. I guarantee there would be more money in it if they have access to the finance. Some people do not have access to the finance but others do. People with access to the money will build rather than see the land go back to the State for 60% of its value.

On the Deputy's second point-----