Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Joint Oireachtas Committee on Education and Social Protection
Impact of Social Protection Payments on Income Distribution: Discussion
1:00 pm
Michael D'Arcy (Fine Gael)
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From what I heard from Professor John FitzGerald, they did marginally better than those at the top, but I heard the opposite from Professor Tim Callan. That is what I heard, although perhaps it might not be what they were saying.
My second question, on foot of such income redistribution, concerns the point one often hears that taxing the rich will solve all problems, with the rich being defined as persons earning more than €100,000. In listening to Professor FitzGerald, I heard that there were not too many such individuals about now. What effect would this have on the equalisation or redistribution of wealth?