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Posts by Michael Taft

How do you spend €500 million on an energy support package to so little effect? You have to really, really try.

1 week ago 3 2 0 0
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Doing Something so that you’re Seen to be Doing Something Taoiseach Micheal Martin wants to ‘slash’ capital gains tax. On the front page of the Business Post: ‘Capital gains tax should be slashed to encourage more Irish people to invest, Taoiseach Micheal…

The Taoiseach wants to cut capital gains tax. This is yet another example of ‘doing-something-so-that-you’re-seen-to-be-doing-something’. It will have little impact on the productive economy but it will be expensive, wasteful, unnecessary, and regressive. tinyurl.com/mrx8kc2e

4 weeks ago 3 0 0 0
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The only thing keeping a weakened US economy afloat is AI capital spending (mostly data centres). What happens if the AI bubble bursts? To the US economy? And the Irish economy?

1 month ago 2 2 0 0
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Searching the Evidence Demands for cutting taxes on energy are growing. And the Government appears to be listening. ‘The Taoiseach has strongly hinted that cuts to excise duty on fuel are being considered to help househo…

Progressives should oppose regressive cuts in VAT and Excise as part of a household energy support package. A combination of a new electricity credit and social protection measures would be far more progressive. We need evidence-based policy making. tinyurl.com/y3exyxt3

1 month ago 3 1 0 0
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Searching the Evidence Demands for cutting taxes on energy are growing. And the Government appears to be listening. ‘The Taoiseach has strongly hinted that cuts to excise duty on fuel are being considered to help househo…

Progressives should oppose regressive cuts in VAT and Excise as part of a household energy support package. A combination of a new electricity credit and social protection measures would be far more progressive. We need evidence-based policy making: tinyurl.com/y3exyxt3

1 month ago 1 1 0 0

We can’t control global prices. But we can introduce energy price accountability with new powers to allow the Regulator to end price-gouging and opportunistic pricing. A little bit of democracy could help a whole lot. tinyurl.com/5e9ytbub

1 month ago 1 1 0 0
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Democratic Accountability in the Energy Market It’s not as if the Government didn’t have time.  With Covid and subsequent supply-chain interruptions, the Russian invasion of Ukraine, the 12-day bombing of Iran last year – there are any num…

We can’t control global prices. But we can introduce energy price accountability with new powers to allow the Regulator to end price-gouging and opportunistic pricing. A little bit of democracy could help a whole lot. tinyurl.com/5e9ytbub

1 month ago 2 0 0 0
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Economic growth as social change Raising economic growth requires the government to defeat some vested interests.

New substack: politics is not about cosy debates or soundbites on silly TV shows. It’s about conflicts of interest. chrisdillow.substack.com/p/economic-g...

2 months ago 30 21 2 5
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Falling Towards Zero Minister Peter Bourke was out recently lauding the record of job creation.  However, the Irish Times took a more nuanced approach: ‘ . . . there is a risk here of looking in the rear-view mirr…

If employment is a good indicator of economic health, we might be getting a bit under the weather. The private sector generated no new net jobs in the last year and overall job growth is falling towards zero. We need to debate how to maintain job growth: tinyurl.com/6dap783e

2 months ago 1 1 0 0
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Falling Towards Zero Minister Peter Bourke was out recently lauding the record of job creation.  However, the Irish Times took a more nuanced approach: ‘ . . . there is a risk here of looking in the rear-view mirr…

If employment is a good indicator of economic health, we might be getting a bit under the weather. The private sector generated no new net jobs in the last year and overall job growth is falling towards zero. We need to debate how to maintain job growth. tinyurl.com/6dap783e

2 months ago 1 1 0 1
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Solidarity to the people of Minnesota and the fantastic turnout in opposition to ICE. #ICEOUT

2 months ago 1 1 0 0

A most insightful piece here from @ingridrobeyns.bsky.social
Recommended reading @ciarannugent.bsky.social @michael-taft.bsky.social

3 months ago 0 1 0 0
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Abandon Paddy’s Day Progressive parties and civil society groups should jointly campaign to force the Government to drop the annual St. Patrick Day’s visit to the White House.  There is almost nothing to gain fro…

Progressive parties and civil society groups should jointly campaign to force the Government to abandon any visit to the White House on St. Patrick’s Day. This would highlight Ireland’s support for the international rule of law: tinyurl.com/2fy9hfvz

3 months ago 2 1 0 0
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Abandon Paddy’s Day Progressive parties and civil society groups should jointly campaign to force the Government to drop the annual St. Patrick Day’s visit to the White House.  There is almost nothing to gain fro…

Progressive parties and civil society groups should jointly campaign to force the Government to abandon any visit to the White House on St. Patrick’s Day. This would highlight Ireland’s support for the international rule of law. tinyurl.com/2fy9hfvz

3 months ago 0 0 0 1

This shows the function of "independent" regulation. It is not to improve the working of an industry, but to allow the government to avoid responsibility.

3 months ago 59 26 3 0
Statement by Minister McEntee on the situation in Venezuela

Amazing. Not only did the Irish Government fail to condemn the US attack on Venezuela, it didn’t even mention the US in a statement released by the Minister for Foreign Affairs. tinyurl.com/ytjw82vy

3 months ago 0 0 0 0
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Electricity, Prices and Millionaires The Taoiseach recently criticised the demand for new electricity credits.  Addressing Sinn Fein in the Dail: “You want to add another €2 billion to it in terms of a short-term intervention [el…

Electricity credits? VAT cuts? Means-tested payments? The best way to reduce electricity costs for low/average income groups way is to provide every household with a minimum amount of free electricity. Don’t tinker with price markets. Reshape them: tinyurl.com/4v4x5zbv

4 months ago 0 0 0 0
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Electricity, Prices and Millionaires The Taoiseach recently criticised the demand for new electricity credits.  Addressing Sinn Fein in the Dail: “You want to add another €2 billion to it in terms of a short-term intervention [el…

Electricity credits? VAT cuts? Means-tested payments? The best way to reduce electricity costs for low/average income groups way is to provide every household with a minimum amount of free electricity. Don’t tinker with price markets. Reshape them. tinyurl.com/4v4x5zbv

4 months ago 0 0 0 0
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The Perverse Logic of the Government’s Immigration Policy The Government’s narrative is that asylum seekers are a cost that must be reduced – by making Ireland an unattractive place for those seeking international protection.  This ignores that fact …

The perverse logic of Government’s immigration policy: it points to the benefits that immigrants bring to the economy. Then it says there are too many immigrants. And if you point out this contradiction, you're accused of wanting to close down the debate! tinyurl.com/r3s9myka

4 months ago 0 0 0 0
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The Perverse Logic of the Government’s Immigration Policy The Government’s narrative is that asylum seekers are a cost that must be reduced – by making Ireland an unattractive place for those seeking international protection.  This ignores that fact …

The perverse logic of Government’s immigration policy: it points to the benefits that immigrants bring to the economy. Then it says there are too many immigrants. And if you point out this contradiction, you're accused of wanting to close down the debate! tinyurl.com/r3s9myka

4 months ago 0 1 0 2
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🚨 One in every 22 homes in Ireland is either vacant or derelict.

GeoDirectory Residential Buildings Report Q2 2025:

🏚️80,328* VACANT homes
🏚️19,821* DERELICT dwellings

#DerelictIreland #HousingCrisis

In my visualisation, red blocks represent some of the Derelict and Vacant Sites in Dublin City.

5 months ago 24 14 1 0
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Interesting critical take on new housing strategy in today’s @independent.ie by john mccartney‬⁩

5 months ago 4 3 0 0
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Cost of agricultural land rises 10% with Dublin the most expensive region Some 57,212 acres of agricultural land were sold nationally last year, which represented a decrease of 8.9% on 2023

“Cost of agricultural land rises 10% with Dublin most expensive”

Dublin median price/acre €24,125 (so €57,900 /hectare)

1 hectare can fit 35-50 new homes at site price ≈ €80,000/home

Hence windfall profits from re-zoning agricultural land to residential land www.irishtimes.com/business/202...

5 months ago 1 1 0 0
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Some costs of remilitarization Raising military spending is economically and politically damaging

New substack: the government could pay a heavy cost for increasing military spending: chrisdillow.substack.com/p/some-costs...

5 months ago 8 2 3 0
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The first electoral test for progressives in the Connolly Coalition will be the Galway West by-election. A voter-transfer pact is essential to maximising support and the minimum needed to show that progressives are serious about building an alternative to the current Government.

5 months ago 1 1 0 1
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The Affordability Deficit We have an affordability deficit.  Even with low unemployment, solid job creation, relatively low inflation and reasonable economic growth, nearly half of households are finding it difficult making…

50% of households find it difficult making ends meet. Temporary measures won’t solve this. We need to promote wages and incomes, reshape market prices, and provide free public services. Affordability is one of the foundations of an alternative government: tinyurl.com/wzj3usnf

6 months ago 0 1 0 0
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The Affordability Deficit We have an affordability deficit.  Even with low unemployment, solid job creation, relatively low inflation and reasonable economic growth, nearly half of households are finding it difficult making…

50% of households find it difficult making ends meet. Temporary measures won’t solve this. We need to promote wages and incomes, reshape market prices, and provide free public services. Affordability is one of the foundations of an alternative government. tinyurl.com/wzj3usnf

6 months ago 0 0 0 0
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Profits and Threats in the Irish Housing Market While the VAT cut on food services was farcical, the tax cuts for property developers was insidious. It was framed as necessary measures to increase apartment construction viability.  But the …

Hospitality VAT cut was farcical. But tax cuts for property developers were insidious. Developers’ lobby told the Government – give us more subsidy or we won’t help meet your housing targets. And the Government blinked. Because it has no strategy: tinyurl.com/bdfc9kwd

6 months ago 1 2 0 0
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Profits and Threats in the Irish Housing Market While the VAT cut on food services was farcical, the tax cuts for property developers was insidious. It was framed as necessary measures to increase apartment construction viability.  But the …

Hospitality VAT cut was farcical. Tax cuts for property developers, however, were insidious. Developers’ lobby told the Government – give us more subsidy or we won’t help meet your housing targets. And the Government blinked. Because it has no strategy: tinyurl.com/bdfc9kwd

6 months ago 0 0 0 0

📻 I’ll be speaking about #housing in #Budget2026 tonight on @rteradio1.bsky.social @latedebaterte.bsky.social 10-11pm #SpeirGorm

6 months ago 10 5 1 0