David McWilliams: Dublin generates 56% of Irish tax, but can’t keep a cent of it
Capital Ideas: We should issue ‘Dublin municipal bonds’ – it works for other cities
Dublin is by far the biggest source of revenue for the State. In total, €22bn in tax was raised in Dublin in 2017. This represents 56% of the State’s total tax take, despite having only an estimated 38% of the country’s population. Photograph: iStock
Mayer Amschel Rothschild, founder of the Rothschild banking dynasty, is said to have declared: “Permit me to issue and control the money of a nation, and I care not who makes the laws”. The implication is that parliaments can talk about laws or indeed change them, but the real power in a country or a city lies with whoever controls the money. Everything flows from this.