Life on the roller coaster — 11 Comments

    • It's quite simple really…..

      If an express train is speeding up towards the buffers, you apply the brakes.  If an economy is overheating you slide up interest rates.  Simples.

      But they can't apply the breaks here, as Brussels controls the Euro.  Brussels won't up the interest rates as Germany is still trying to recover from the recession.  This is what happens when you tie a bunch of totally disparate economies together and give them a common currency – fucking disaster.

      2008, here we come, again………..

    • Fair point.  My apologies to 5 year olds.  Maybe I should restate that as "like handing the keys to a bank to a braindead, incompetent politician"?  Oh…  Hang on…..

  1. Don't talk to me about Property Tax!!  I've just paid ours.

    We waited months to find out what was due, the first figures were wrong so they went back to be re-calculated and we're still paying more than the 'emergency solidarity tax' we used to pay which they stuck onto the electricity bill to make sure everyone paid up.


  2. I read the Telegraph article on Ireland's boom too and concluded that statistics about exports don't tell us anything about how households in urban and rural Ireland are struggling to pay bills and live in decent comfort. Economic statistics is far removed from the real world of everyday life.

  3. Once property taxes are instituted you never own your house!  You will always be paying your 'rent' to the county.  A  friend of mine owns her house.  She paid off her mortgage yet still has to pay the county $2400.00 a year.  That comes to $200.00 a month 'rent' she has to pay to the county!  Now what kind of sense does that make?


  4. The big problem with property tax is that it is difficult to avoid.  You can avoid income tax by hiding income.  You can avoid VAT by using the black market.  You can't hide a house though.


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