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

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

Capital Ideas is a series of 10 proposals on ways to improve Dublin city’s infrastructure, economy, services and the daily life of its citizens. Read all 10 ideas here. Contribute your own here.

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.

The Irish Times
Please subscribe or sign in to continue reading.
The Irish Times

How can I keep reading?

You’ve reached an article that is only available to Irish Times subscribers.

Subscribe today and get the full picture for just €1 for the first month.

Subscribe No obligation, cancel any time.