Oireachtas Joint and Select Committees
Tuesday, 8 December 2020
Committee on Budgetary Oversight
Post-Budget Analysis: Irish Fiscal Advisory Council
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I will press Dr. Lawless on that. I take her point. The wealth tax that we in People Before Profit have designed and proposed in our budget submissions excludes the family home but is there not a fairly simple calculation to be done? We have approximately 1.8 million or 1.9 million family homes in the country. We can work out roughly what they are worth on average. If we multiply one by the other, we get what component of property wealth in this country is comprised of family homes and what component is comprised of multiple homes, large tracts of land and other property. Any reasonable assessment of the enormous amount of property wealth will show that the bulk of it is not family homes. Rather, the main part of it, which is growing, is people with multiple properties and large tracts of land. These are not about putting a roof over their heads.
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