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

I agree. We are very prudential in that regard. We think we should raise additional taxes on wealth, financial transactions and various other areas to cover what we see as the additional necessary expenditure to protect people from the cost-of-living crisis and to invest in housing, health or whatever. I agree. I would question one comment Professor McMahon made there, which is that inflation hurts everybody. If most of someone's income derives from dividends from bank shares, for example, the current situation is not hurting them, or people with stock options in big IT companies that are making extraordinary profits. Those who are affected by inflation are seeing their real income falling. I would say the majority are affected but it is not fair to say that everybody is affected. Some people are doing well out of this.