Seanad debates

Tuesday, 3 December 2019

Finance Bill 2019: Committee Stage

 

2:30 pm

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

This is not a discussion on ideology, wishful thinking and so forth. There is ideology at play across the House, and there is also pragmatism at play on both sides. They entail very different perspectives and we simply disagree but the fact is that it is still the view that a trickle-down effect from investing in the highest earners, for example, will somehow lead to a general effect. That still seems to be the principle behind this logic and these measures.

There is evidence backing up my point. It is not theory or what I would like to be the case. I have not heard a rebuttal of the evidence, which I have mentioned when considering every Finance Bill for three or four years. I am referring to the evidence of the IMF, which studies this in great detail. Its 30-year study, which came out in 2017, found that, of over 100 countries-----

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