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IMF/EU tell Ireland that homeowners must pay higher taxes.
Actually, what they said is that if Ireland wants a bailout from the IMF/EU then they need to tighten their belt. This includes raising the corporate income tax and raising individual taxes including property tax. If they want the bailout loan they have to abide by the terms proposed by the lender.
I've been to Ireland and had the chance to stay at a farm there for an extended stay. While it is a beautiful place, and very nice people, they are heavily dependent upon subsidies to exist. People think farmers in the USA are subsidy dependent, but it is nothing compared to over there, wean a calf from its mom...get a subsidy, spread manure...get a subsidy...regular farm life type stuff. The unemployment rate was high and the work ethic rather low...nice people but too much drinking an not enough work in my opinion.
Don't take the dime if you don't want to shine their shoes...
Argentina took the money and then had to sell it infra-structure to foregin banks, now Argentinaians are having to pay taxes or payments to the out of country banks for what the taxpayers had already paid for once.
In the US toll roads are being sold to these same foregin banks and we will be just like Argentina.
Argentina took the money and then had to sell it infra-structure to foregin banks, now Argentinaians are having to pay taxes or payments to the out of country banks for what the taxpayers had already paid for once.
In the US toll roads are being sold to these same foregin banks and we will be just like Argentina.
Texas tollroads are owned by a Spanish firm (from Spain that is).
Yes..pieces of America are being auctioned off to foreign investors.
Wouldn't we all love free money with no strings attached.
There should be reasonable requirements.
The IMF does not have a history of helping countries get back on their feet.
What they do is cripple them and keep them dependent on ever increasing IMF loans while stripping them of any revenue producing assets.
Look at those countries the IMF is helping..Africa, Haiti. Are they any closer to economic stability after years and years and billions upon billions of loans ?
You should read up on the IMF and what they have done.
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