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

The Davos gathering of billionaires, political elites and multinational corporations that are staggeringly wealthy to discuss the future of the world is sort of nauseating in and of itself but at least it provides the opportunity for groups like Oxfam to highlight gross inequality and wealth and put forward proposals. As I mentioned earlier, and as we have done ever since I have been in this Dáil, we are putting forward proposals for a modest wealth tax on those very highest of earners. Oxfam has proposed a modest incremental wealth tax on the net assets of people who have wealth in excess of €4.7 million. This is not a tax, as the Taoiseach said earlier, on ordinary people. Some 95,000 people have that much wealth in this country. Would it not be reasonable to put a 2% or 3% wealth tax on that wealth to fund housing, health services and cost-of-living measures?

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