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

Okay. I did not know Deputy Mick Barry was speaking. I am sorry. It is very important to flag this. It is very strange that it is hidden in a housing building finance initiative Bill. I do not quite know why it cannot go in the Finance Bill. It is a bit odd.

The property tax has proven to be unfair and it continues to be unfair. The other great justification for it at the time was that it was going to dampen the property market. That was the big thing. Has it dampened the property market? Not at all. The property market has gone out of control. It has had no impact whatsoever. If the Government wanted a wealth tax that would impact on the property market, it should consider a windfall tax on all the vulture funds, corporate landlords, and the people benefiting from section 110 who are hoarding land and speculating. Why do we not tax them and get rid of this unfair regressive property tax?

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