Comments by "bighand69" (@bighands69) on "How can IRELAND be the RICHEST country in EUROPE? - VisualPolitik EN" video.

Irish politicians are not pocketing the money. What is happening is that the Irish welfare state mentality has not allowed Ireland to live to its full potential.
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@MrHotass81 The welfare state is a mentality that has been ingrained in Irish people since the foundation of the Irish state. It is not new and predates the current politicians who are in power. The Irish people want that welfare state culture and there is no getting around that fact.
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Climate hysteria is creating a series of national and international policies that are not going to solve climate change. What they are going to do is use up existing capital for projects that do not work. The only solution to climate change is for a series of investments into new material science projects that can be applied to energy generation and energy storage. A well as recycling of materials such as plastics. The US for example recycles 95% of its steel and that needs to be the case for plastics. Ireland needs to develop a two market approach with it high tech value added export market that is cutting edge products such as pharma, medical devices, electronics and food production. Its internal market place is different and is more about supplying products for the internal markets and services. At present Ireland imports too much of its products and needs to reduce that figure about about 50%. More specialized products such as iphones do not need to be part of that internal production. Ireland needs to also form partnerships with British, French and german industries to help build its own internal market production. Deregulating the internal market is the only play that Ireland needs to make alongside tax cuts for income tax and small businesses taxes. Ireland is nowhere near its full potential when it comes to using its natural resources.
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It is not difficult to survive that is an overstatement. What hight taxes does is not allow the internal economy to grow. Until Ireland decides to get rid of its welfare state mentality it will go nowhere.
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Those moves were not made in the late 1980s and had been around since the 1950s. It takes that long to build an economy of scale and to get that reputation. Ireland is still and untapped economy with large available work force. What Ireland needs to do now is to grow its internal economy by lower taxes, regulations and getting its own domestics industries built up. Ireland also needs to frack for natural gas.
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Ireland in the 1960s had tb outbreaks, no education system and so on. Today is much better but still has issues that it will sort out in time.
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If Ireland was to get rid of its welfare state mentality and embrace a true market economy its wealth and prosperity would go through the roof. Ireland does not even get close to maximising its total natural resources.
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Why? Because Ireland has never developed its internal economy because of the high taxes and restrictive regulations. That means there are areas where people in Ireland just go and travel or move to other countries.
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The only way the government can make more rental properties is to stop regulating the market place and allow people to build properties.
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Ireland today is nothing like 2006. It does not have the same level of debt exposures or liabilities. What Ireland needs to do is deregulate its housing market and lower income tax levels. The recent middle tax and lower tax levels are simply not enough. In the US an income of €75000 per year would be taxed at about 12% liability in Ireland that same income would be taxed at about 40%.
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Irish household wealth is one of the highest in Europe.
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Ireland has unemployment rate of 4.4% which is one of the lowest in Europe. Italy and Spain have unemployment rates that are twice that. Greece has an unemployment rate that is three times that.
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That is pure outright nonsense. Ireland is nowhere near to be 50% foreign. Ireland is not under colonial rule. Everything Ireland does is at the wish of the Irish peoples.
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Ireland debt to GDP is about 48% while somewhere like Switzerland it is about 39%. It is not that significant to be honest. If Ireland was to grow its internal economy it would pay that debt of very quickly and the average citizen would partake in that growth as well.
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@Drifty40 Irish politics like most countries is a series of political party battles, media stories that are right in front of them and a good old fashioned bit of personal ideology. For the internal economy all they have to do is lower income taxes and make it easier for smaller business to function by reducing regulations. It is the irish people that need to demand that.
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It most certainly is not that and has one of the most advanced industrial bases in the world. What Ireland needs is for its internal economy to be developed and that can only happen if there is lower taxes, more construction and an easier system of setting up small businesses. If you are setting up a medium or large business in ireland it is really easy compared to other european countries but that is not the case for small start ups. Ireland has a very low up take in small businesses and also a very high failure rate.
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Irelands biggest export is Agriculture not Pharma.
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Ireland has a national debt of $250 billion and a GDP of $520 billion. That means Ireland's debt is about 48% per GDP. Switzerland has a debt to gdp of 39% which shows that ireland is in a good position in that context.
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Ireland can most certainly afford it and can also afford to invest about €80 billion into its military. The problem Ireland has is its politics and media is more interested in partaking in international projects such as the EU and UN. Ireland could easily sort out its transport system by growing its internal economy and by focusing on its healthcare system with something like a public insurance model like Singapore or Switzerland. Just to put things into context Ireland spends about €20 billion per year on its healthcare budget and Norway spends about €10 billion per year. Ireland spends about the same level of money on healthcare that Switzerland does when population is adjusted. Yet Switzerland has one of the best healthcare systems in the world.
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I do not know where you got the idea that Ireland has one of the highest national debts relative to GDP. Ireland has a debt of about 48% to GDP. Ireland has one of the highest average household wealth levels in Europe bringing it within the levels of Switzerland when adjusted for house valuations. Ireland has one of the highest levels of house ownership in Europe and is on par with the likes of the US.
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If you are living in America you are better of economically than being in Ireland. In terms of European performance the average Irish person is better off.
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That is one of the stupidest comments I have ever read. Leprechauns are part of Irish culture just as Dwarves and Elves are part of Norway's. Get a grip of yourself and stop being offended.
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Those people are moaning because they are subjected to those problems directly such as not being able to get a career up and going, not being to get on the housing ladder or being trapped in an economic zone that they find difficult to get out of. The only way ireland can get out of this is to grow its internal market place which means lowering taxes and deregulating like Ireland did for the corporate sector. If Ireland was to lower its income taxes, sales taxes and so on it would really allow the internal sectors to grow. Business startup in Ireland is very challenging and every county in Ireland should be booming on that front. If Ireland was to do that it would increase its economic activity significantly and the ordinary working class person would see that and be able to take part.
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That has nothing to do with Ireland housing crisis. Ireland simply is not building enough homes. It needs to deregulate house and property development. Right now nearly 70% of the house build cost in Ireland is regulations based. If Ireland was to reduce that to say 30% it would massively improve the house building output and reduce the cost of houses quite significantly. No point crying about refugees when the basics are not right.
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Europe and Germany are the two most power export and manufacturing countries in the European region. Ireland does really well in that field but could do even better if it was to deregulate its internal economy and lower its tax liabilities for workers and small businesses. The beauty for Ireland is that it does not need to create any new ideas to overcome its problems in healthcare, education, transport or housing. Everything it needs is already known and tested. Take healthcare all Ireland has to do is adapt a singapore style system and with the amount of money Ireland spends it would end up being the best healthcare system in the world. To put things into context Ireland spends about €20 billion per year on healthcare and Norway spends about €10 billion. Ireland is on Swiss healthcare levels of expenditure.
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