Joe Higgins (Dublin West, Socialist Party)

Does the Taoiseach have any concept of how incredible it sounds to ordinary people that he boldly stated the Government is opposed to a transaction tax? There are tens of billions of euro swirling around the IFSC and financial centres of Europe in all kinds of speculative ventures which are ongoing despite the crash. It resulted from the total deregulation of the financial markets and the type of speculative and casino-like activities that took place in the pursuit of private corporate profit at a huge cost to society.

The Taoiseach is opposed to a tax-----

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