Here are two very simple facts. The first is that Brian Lenihan said recently that he wouldn’t interfere in commercial decisions of a bank who wanted to put up interest rates. Think about it – the government let the banks do what they like for 10 years but the minute it went wrong they had to bail them out with tax payers´ money. If I had to give an insurance to a company, you can be sure that I would want to know exactly what was going on in that company, and if I didn’t like it I would pull the insurance rapido.
It seems to me that the government should never have bailed out the banks and, just like it said, should not have got involved in commercial decisions and let any bank that couldn’t stand up simply go bust. Sure, it would have created hardship, but at least we would get to the bottom fast and therefore could start to rebuild on solid ground. Now we are prolonging the agony for nearly a generation.
The second fact is that the property developers, bankers (is bankers spelled with a B?!) and politicians who stood to gain the world, with only others´ money to lose, should be stripped of their cars, homes and all assets for putting a generation of Irish citizens at such risk. There are good balanced property developers out there too, and they are the ones who kept a sense of reality over the last 10 years, and despite the fact that they are also hurting now, they are simply not hurting others for their own gain.
We have no choice now, only to continue with NAMA and bail out the greedy and stupid over time – but maybe along with the government having shares in these mismanaged institutions, there should also be a higher rate of tax applied to them when they return to profit to compensate the tax payer. Of course, there is another catch in this because they will make the profit by rising interest rates and charges on the very same tax payer who bailed them out in the first place. So therefore, as far as I can see, we have to pay the debts of these greedy, immoral, irresponsable a**holes for years – or else simply let them sink and pull all state guarantees.
Fine Geal and Labour are knocking anything the government are doing, and whether they are right or not is irrelevant, but what is relevant is that they are only knocking and not coming up with any positive alternatives of substance, which means a change of government ain’t going to help either.
One alternative that I can think of would be to tax the profit of exporting companies only, which means we would get other nations to compensate the Irish tax payer. However, this is also immoral and it would further turn manufacturing exporting companies to relocate elsewhere.
The bottom line is that we are simply f*cked for a while, and we might as well accept it with a smile, a song and a pint in Charlies, and do the best we can to make the whores that put us in this position pay for it personally. I would love to hear others´ opinions or solutions here on this blog that my simple brain can’t see. Ah, just a few thoughts, sure, ya know yourself.
Drink sex feck arse & fags!!!