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Anti-Empire

Anti-Empire

offsite link Sanctioned by PayPal Thu Aug 04, 2022 21:31 | Anti-Empire

offsite link Spain Limits Heating to 19ºC, Cooling t... Tue Aug 02, 2022 11:39 | Associated Press

offsite link WHO Declares Monkeypox a “Global Healt... Sat Jul 23, 2022 21:01 | Apoorva Mandavilli

offsite link Zelensky Says Ukrainian KIA Down From Pe... Sat Jul 23, 2022 18:13 | Anti-Empire

offsite link German Health Ministry: 1 Severe Adverse... Sat Jul 23, 2022 11:25 | Matthew Roscoe

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Why have I stopped posting maps of the situation in the Ukraine and a few other questions Wed Aug 10, 2022 19:48 | The Saker
A reader recently asked me why I have not posed any maps of the military situation in the Ukraine, and that is a fair question which I will answer below.

offsite link Roger Water blasts a CNN propagandist Wed Aug 10, 2022 18:02 | The Saker

offsite link France?s Political Turmoil Wed Aug 10, 2022 17:16 | The Saker
BitChute embedding powered by embed.tube YouTube version:

offsite link Only NATO Could De-Militarise Itself! Wed Aug 10, 2022 16:07 | The Saker
By James Tweedie for the Saker blog In a scene from the 1974 film The Four Musketeers, the second part of the previous year?s The Three Musketeers, the vain Porthos

offsite link Needham?s puzzle in retrospect Wed Aug 10, 2022 16:07 | The Saker
by Jean-Pierre Voiret for the Saker blog First note: With all its problems, Needham?s Science and Civilisation in China (SCC) is definitely a tremendous contribution to the history of science

The Saker >>

Lockdown Skeptics

The Daily Sceptic

offsite link How Many Lives Did the Vaccines Save and How Many Did They End? Wed Aug 10, 2022 19:40 | Will Jones
As near-universal natural immunity renders the Covid vaccines largely obsolete, we can weigh up how many lives they saved and how many they ended. The calculation does not come out well for the vaccines.
The post How Many Lives Did the Vaccines Save and How Many Did They End? appeared first on The Daily Sceptic.

offsite link Excess Non-Covid Deaths Top 12,500 in 14 Weeks As Oxford Professor Joins Call for Government to Inve... Wed Aug 10, 2022 11:49 | Will Jones
There have now been 12,517 excess non-Covid deaths in England and Wales in the last 14 weeks, according to official data, as an Oxford Professor joins the call for the Government to investigate the alarming trend.
The post Excess Non-Covid Deaths Top 12,500 in 14 Weeks As Oxford Professor Joins Call for Government to Investigate Alarming Trend appeared first on The Daily Sceptic.

offsite link Schools Which Let Boys Use Girls? Toilets and Use Preferred Pronouns Without Medical Advice are Brea... Wed Aug 10, 2022 07:00 | Will Jones
Schools that only offer 'gender neutral' lavatories or allow pupils to 'socially transition' are acting unlawfully, Suella Braverman has said as she sets out the Government?s legal advice on transgender pupils.
The post Schools Which Let Boys Use Girls’ Toilets and Use Preferred Pronouns Without Medical Advice are Breaking Law, Says Government appeared first on The Daily Sceptic.

offsite link News Round-Up Wed Aug 10, 2022 00:34 | Will Jones
A summary of all the most interesting stories that have appeared about politicians? efforts to control the virus ? and other acts of hubris and folly ? not just in Britain, but around the world.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Woman, 80, Banned From Swimming Pool after Demanding a Male Trans Employee Left the Female Changing ... Tue Aug 09, 2022 19:30 | Will Jones
An elderly woman has been banned from a swimming pool after she demanded that a transgender employee left the female locker rooms.
The post Woman, 80, Banned From Swimming Pool after Demanding a Male Trans Employee Left the Female Changing Room appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Voltairenet.org is taking a hiatus Thu Jul 14, 2022 20:47 | en

offsite link Paradoxes of Russophobia Thu Jul 14, 2022 12:46 | en

offsite link EU-Russia agreement on supplying Kaliningrad Thu Jul 14, 2022 12:26 | en

offsite link Political destabilization plagues the West Thu Jul 14, 2022 05:40 | en

offsite link Ukraine destroys its Nova Kakhovka factory Wed Jul 13, 2022 07:53 | en

Voltaire Network >>

Scandal Exposed- Irish Times Ran Fake Story To Protect Rich

category national | arts and media | press release author Thursday December 08, 2016 22:13author by pbp - People Before Profit Report this post to the editors

The Irish Times headline recently ran a headline, ‘Imposing French-style wealth tax would only yield €22m.

UCD sociologist Kieran Allen asked for a right to reply but received no response to his request. Here is his exposure of how journalism sometimes functions as propaganda.

The story is based on an ESRI Working Paper entitled ‘Scenarios and Distributional Implications of a Household Wealth Tax in Ireland’. The Irish Times lifts one or two figures from the paper but fails to give any context or critically examine the report.

The study draws its data from a Central Statistics Office publication, ‘Household Finance and Consumption Survey, 2013’ 2013, however, was the year when the Irish economy was still caught in the after-effects of the crash. Since then there has been a recovery in wealth.

The data from the CSO is based on self-reporting. They took a sample of 10,552 households and asked them to provide detailed information. The response rate was just 51.5%. and this reduced the validity of the data.

The rich are even more likely to hide their assets from an interviewer. The CSO recognised this problem and gave a health warning, stating that,

‘ It is well known from research in this area that it can be very difficult to get accurate data from very wealthy household, not least because they can sometimes be physically difficult to locate or contact. While these are obviously a small percentage of household, they tend to hold significant percentages of the wealth and their absence or otherwise affect the average and aggregate data’

This health warning is not explicitly referenced in the ESRI report.

The data the ESRI used excluded key sources of wealth. Its focus was exclusively on household wealth and it ignored the wealth held by publicly traded companies

On the basis of these largely unacknowledged limitations of the Household Finance and Consumption Survey, the ESRI came up with a figure of the net worth of Irish households of just €378 billion. The ESRI authors then claims that this figure represents ‘the maximum potential wealth tax base’.

This is quite simply wrong. The purpose of the Household and Finance Survey was to identify the distribution of assets – it did not give a figure for the total assets held. It could not because of the limited nature of self-reporting in its sample.

The ESRI claimed that 47% of the €378 billion wealth base or €226 billion is derived – from the value of the ‘household main residence’, typically the family home. They also claimed that only 12% of the wealth base or just €60 billion comes from finance assets.

Yet the National Accounts of the CSO state that the total financial assets of Irish households in 2013 was € 323 billion. These refer to non-property assets such as shares or cash. In other words, the ESRI were way out.

The ESRI ran a number of scenarios of how a wealth tax might work. The main variations are the thresholds of which the tax kicks in – do they start at assets valued at €500,000 or a €1million; for example; the exemptions that might be granted; the annual tax rate.

The Irish Times story only quoted a few examples that serve its propaganda purpose.

There is a French model which uses a graduated rate of 0.5% to 1.5% on thresholds above €1 million which yields the relatively low €22 million figure. Or there is a Swiss system that imposes a 0.25% wealth tax on all assets above €49,824.

The Irish Times spin is that you can either have a wealth tax which targets a rich minority and you will only raise a very limited amount. Or you can tax the majority to capture any significant revenue.

However, there are many other variations which did not feature in the their story.

One is the Norwegian model. If this were applied to Ireland, the ESRI paper acknowledged that it would yield €774 million in tax – even though its wealth tax rate is set at only 0.85%. This would also only hit the top 12% of the richest in Irish society. They would have to make annual average payment of just €3,637 to help provide public services.

This is hardly an onerous burden. If a higher tax rate was used and if we assume a far larger wealth base than the limited one claimed in the ESRI paper, even more revenue would be raised.

Social welfare recipients are under a legal compulsion to reveal their meagre assets and, if they are being means tested, their social welfare payments are systematically reduced according to these declaration. The most interesting part of the ESRI paper is the statement that these imputed reductions correspond ‘to annual net wealth rates of 5.2% on net wealth above €20,000; 10.4% above €30,000 and 21.8% above 40,000’.

Just so we are absolutely clear on this, lets translate that again.

If you are on social welfare and you declare ownership of modest assets of €40,000 plus you will be penalised with a 21.8% reduction in your social welfare.

A genuine left government would transfer this type of punitive measure from the poor to the rich. The rich would at last be forced to make real declarations of their assets – not voluntary disclosures. A tax model would be set to target the top 10% and a policy of re-distribution of wealth would be established.

Given this approach, the readership of the Irish Times can be assured that the tax take from their friends wealthy would greatly exceed €22 million

Related Link: http://www.peoplebeforeprofit.ie/2016/12/scandal-exposed-irish-times-ran-fake-story-to-protect-rich/
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