Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

In the past, we had social amendments to the primary legislation, even on small issues such as these. Time erodes money, as we saw in the past few years. When there is a sudden hike in inflation, it erodes money very fast. Since the beginning of Covid there has been a 20% decrease in the value of money. It is therefore good to have the provision. I understand that the Minister of State is setting the threshold at €500,000, but it could be made €600,000, €700,000, €800,000, €900,000 or €1 million accordingly, in order to keep the real value the same over time. Then the Minister would only have to come back when €1 million was reached.