Oireachtas Joint and Select Committees

Wednesday, 19 June 2024

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

5:30 pm

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

Professor McMahon will be familiar with my party’s view. It is actually the most prudential party in the whole Oireachtas because it would pay for things by taxing profits and wealth, which has shot up. It is worth saying something not often said in these discussions, namely that corporate profitability has gone through the roof. Is that not an accurate statement? Net household wealth, which is clearly not filtering down to large numbers of ordinary people, has increased dramatically. Is that not true?

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