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A bird's eye view of the vineyard
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Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.
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Human Rights in Ireland >>
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Jump To Comment: 1 2Those who have made most over the past years should be the ones to carry the burden. Remember most business's are not losing money, builders and speculators are just not making as much as they did. This is another attempt to blame Working people for the damage the establishment has done to society, just as Cowen now blames NO voters to Lisbon for causing economic turmoil.
This is the same Cowen (one of the highest paid Prime Ministers in the World) who claimed a number of weeks ago that the Irish Government counld'nt really do anything about it as it was a global problem.
He is confused.
It should have said "private sector workers cannot be saddled with the failures of the public sector".
During the last 10 years of national wage afreements public sector workers have made huge gains in pay and conditions on promises of reform. Reform was never delivered. The only thing that was delivered was job and standard of living-killing stealth-taxes to pay for the huge increases in the wages and pensions enjoyed in the public service. Like-job for like-job (even excluding pensions and the value of job-security) the public sector now pays itself almost 50% more out of the taxes paid by private sector workers.
In a recent court action involving the division of assets the court heard evidence that the capitalized value of a secondary teacher on retirement (at 55!) was €2,000,000. In other words, a private employee would have had to accumulate a pension fund of €2m to buy a pension annuity equivalent to the pension enjoyed by this young retiree. The mind boggles.
Now that the bankers have joined the public sector in screwing us and we face into a recession, the public sector will exclusively shoulder the job-losses. Meanwhile the stealth-taxes will mangle the remaining income of us mugs .