Sir, – Imagine the year is 2084. The Irish Times headline reads “UN concerned at power imbalance; latest study shows that 99% of the world’s wealth is now owned by 0.1% of the world’s population”.
After reading the report a young man poses the question, “Grandad, in the early years of this century, did you really vote for a political party that promised to keep taxes at a maximum of 15 per cent on the richest entities in the world, and tax our own workers up to 40 per cent?”
What would your answer be? – Yours, etc,
BRENDAN
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O’DONOGHUE,
Castledermot,
Co Kildare.
Sir, – When the Government increases taxation rates, us captive taxpayers pay more of our income into the public purse.
Government sources now predict that raising the corporation tax rate from 12.5 per cent to 15 per cent will lead to an estimated reduction of taxation income of €2 billion, or more.
Paying tax really is only for us “little people”. – Yours, etc,
TOMÁS FINN,
Cappataggle,
Ballinasloe,
Co Galway.