Seanad debates

Tuesday, 25 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Second Stage.

 

I do not usually believe what car salesmen tell me, but this week I took note when a car salesman indicated that since the beginning of the year, what he referred to as the "ordinary five-eighths", the PAYE worker or ordinary man or woman on the street, are no longer buying cars. These are the people – I include myself in this category – who are paying mortgage and hire purchase charges on their cars. They are also paying high levels of indirect taxes. By contrast, there has been a big increase in the number of new cars being bought by the high earners. This is a worrying trend because it indicates that we are becoming a two-tier society. That is what is happening during under this Government.

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