Séamus Healy (Tipperary South, Workers and Unemployed Action Group) | Oireachtas source

The most recent institutional sector accounts published by the Central Statistics Office show that net financial assets of households are €25 billion above peak boom levels. They have grown massively over the past five years and there is no levy, charge or tax on them. In addition, the Central Bank report for the third quarter of 2015 reported that Irish household net worth was €595.7 billion, which is €13 billion higher than was the case for the previous three months. These figures represent obscene levels of wealth at the very top of society. Is it not possible and right to tax these levels of wealth to ensure public services in the hospitals and educational system? I suggest the Minister does this immediately.

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