Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

With an emergency wealth tax of 5%, which the top 1% would not miss, it would amount to €2.9 billion. Every 1% of corporation tax, based on an effective rate of 8%, amounts to €500 million a year. A financial transaction tax could also yield €500 million. These amount to billions of euro the Government could plough into remaking our health service from top to bottom. That would remove the pressure on ordinary people to buy private health insurance. That is the approach to be taken and therefore I oppose this measure.

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