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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: It is about the multiple properties they own.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I will be brief. I do not want to labour this point because we fundamentally disagree on it. The Minister has not addressed the question I put to him about wealth inequality. Does he see it as a problem? He will be aware that many people - including Thomas Piketty most famously, and David McWilliams more recently in this country - have argued that growing wealth inequality is a problem....

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: No, I did not.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I think "disingenuous" was the word I used.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: Cheaper accommodation would go a lot further.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I know that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I am trying to get my head fully around this. On foot of lobbying by foreign direct investment companies, which we can understand to be large multinationals which already make extraordinary profits and pay very low levels of effective tax, we will concede yet another tax break. This follows the SARP tax break. There was also a tax break for these executives to send their children to private...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: What is to stop people just flying in for holidays and handing it in against expenses?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I am not convinced.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: This section deals with health insurance. Are the provisions of the section related to the lifetime community rating for health insurance?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: Why is the Minister incentivising young people to take out private health insurance? Is that not a case of the State acting on behalf of private health insurance companies?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I am in favour of greater investment in forestry. We need to do more than we are at the moment. The largest block to our having the levels of afforestation that we require is the fact that the State forestry company has effectively been ruled out of engaging in new planting, which is ridiculous. I see the Minister's logic in this case. In the harvesting year, one's income is high.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I do not know whether that is my phone. A high income in a harvest year would not necessarily reflect one's income every year. Should there not be a ceiling or the like whereby we could distinguish between someone who had large amounts of forestry and was making mega-profits and a small or medium-sized farmer who had only one year in which his or her income went over the line? I...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: We should have them in cities. Seriously - we need it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I do.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: We have returned into the area of fundamental differences and perspectives. For the record, I think the lack of economic literacy is on the part of the Minister and not on our part. It is worth mentioning, in the context of what has been said about consistency, that the Taoiseach once said he was "morally" opposed to putting taxes on the family home. There is a lack of consistency there...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: I will finish by saying that the Minister's current approach might lead to temporary benefits, but it stores up big problems in the long term. We saw that with property. We think the Minister is doing the same thing now by focusing on foreign direct investment at the expense of the rest of the economy.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: The elderly are not the only people who own such homes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Richard Boyd Barrett: It is just a question of moving on the debt.

Written Answers — Department of Social Protection: Family Income Supplement Payments (17 Nov 2015)

Richard Boyd Barrett: 70. To ask the Tánaiste and Minister for Social Protection if she will ensure that payments under the family income supplement scheme are not reckoned in any means testing within her Department; if she will contact the Department of Health and the Department of the Environment, Community and Local Government to ensure these payments are not reckoned for medical cards or local authority...

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