Michael Taft

Michael Taft

@michael-taft.bsky.social

Commentary on Irish Political Economy by Michael Taft, Researcher for SIPTU. Blogs at www.notesonthefront.org

231 followers126 following77 posts

Michael Taft reposted

‘Housing targets will not be met until builders are weaned off state supports, warns LDA’ .. state supports have been sold as a ‘kickstart’ to supply, when in fact they over-inflate land values & increase systemic risk. How now to wean without a supply shock? www.independent.ie/irish-news/h...

independent.ieHousing targets will not be met until builders are weaned off state supports, warns LDAAgency calls for greater density along proposed metro line to address property crisis

The Tánaiste claims his focus is on supporting people ‘who get up early and go to work’ – except for the low-paid and workers who get sick, or take the bus, or rent, or visit a GP, or have children. These early risers get left paying the high living costs: tinyurl.com/cz6rzxdn

tinyurl.comWaking Up Early in IrelandSimon Harris claims his focus in the upcoming budget is on supporting people ‘who get up early every morning and go to work’. Yet: One of the first things his government did on taking office was to…

The Tánaiste claims his focus is on supporting people ‘who get up early and go to work’ – except for the low-paid and workers who get sick, or take the bus, or rent, or visit a GP, or have children. These early risers get left paying the high living costs. tinyurl.com/cz6rzxdn

tinyurl.comWaking Up Early in IrelandSimon Harris claims his focus in the upcoming budget is on supporting people ‘who get up early every morning and go to work’. Yet: One of the first things his government did on taking office was to…

Michael Taft reposted

‘Govt to remove environmental assessments for certain developments’ ‘no environmental screening for projects up to 250 homes, basic screening up to 750 homes, full EIA will only be required for developments above 750 homes’ ..yet more “quick-fix” deregulation for profit www.rte.ie/news/politic...

rte.ieGovt to remove environmental screening for developmentsThe Government is expected to remove the need for environmental assessments for housing developments of up to 250 units by the end of the month in a bid to speed up house building.

Michael Taft reposted

‘Housing Minister wants €20,000 tax refund hike for first-time buyers of new homes in Budget 2027’ .. this is like giving people money to bid for concert tickets*, instead of putting on extra shows** *limited homes **building homes www.independent.ie/irish-news/p...

independent.ieHousing Minister wants €20,000 tax refund hike for first-time buyers of new homes in Budget 2027James Browne pushing for massive increase to bridge affordability gap

How are the top 1% doing? They earn more than 7 times the average-income worker. And this gap is growing. They take in even more capital income. We need structural policies that shift power in the economy away from the 1% and towards the rest of us. tinyurl.com/mws3v8hn

tinyurl.comHangin’ Out with the 1%Using Revenue Commissioners data, Cliff Taylor shows there are a lot of taxpayers on very high incomes. ‘The number of taxpayers earning more than €150,000 will rise to close to 200,000 next year, …

How are the top 1% doing? They earn more than 7 times the average-income worker. And this gap is growing. They take in even more capital income. We need structural policies that shift power in the economy away from the 1% and towards the rest of us: tinyurl.com/mws3v8hn

tinyurl.comHangin’ Out with the 1%Using Revenue Commissioners data, Cliff Taylor shows there are a lot of taxpayers on very high incomes. ‘The number of taxpayers earning more than €150,000 will rise to close to 200,000 next year, …

Keeping the low-paid down. Despite profits and VAT cuts, employers still claim they can’t afford minimum wage increases. But rising revenues, generous subsidies, small business profitability: all the evidence shows they can well afford it. tinyurl.com/ytfy74k2

tinyurl.comKeeping the Low Paid DownIt’s that time of year again.  Media leaks suggest the Low Pay Commission has recommended an increase in the National Minimum Wage of 79 cent. This would raise the wage floor from €14.15 to €1…

Keeping the low-paid down. Despite profits and VAT cuts, employers still claim they can’t afford minimum wage increases. But rising revenues, generous subsidies, small business profitability: all the evidence shows they can well afford it. tinyurl.com/ytfy74k2

tinyurl.comKeeping the Low Paid DownIt’s that time of year again.  Media leaks suggest the Low Pay Commission has recommended an increase in the National Minimum Wage of 79 cent. This would raise the wage floor from €14.15 to €1…

Childcare today: business down-sizing, dividends, corporate concentration, speculative investments – childcare as a commercial activity . Fortunately, there is an alternative. It starts with the employees and the service they provide – a public service. tinyurl.com/mr2mzamd

tinyurl.comFour Stories about the State of Childcare TodayHere are four stories about childcare provision in Ireland today. The first comes from Elaine Dunne, a childcare provider and spokesperson for the Federation of Early Childcare Providers.  She…

Childcare today: business down-sizing, dividends, corporate concentration, speculative investments – childcare as a commercial activity . Fortunately, there is an alternative. It starts with the employees and the service they provide – a public service: tinyurl.com/mr2mzamd

tinyurl.comFour Stories about the State of Childcare TodayHere are four stories about childcare provision in Ireland today. The first comes from Elaine Dunne, a childcare provider and spokesperson for the Federation of Early Childcare Providers.  She…

"We are chronically dependent on income we did little to earn." Https://www.independent.ie/business/adrian-weckler-ireland-has-set-up-one-of-the-greatest-cash-gathering-operations-from-multinationals-in-european-history.-how-long-can-it-last/a/160319883.html?utm_medium=referral&utm_campaign=share

independent.ieAdrian Weckler: Ireland has set up one of the greatest cash-gathering operations from multinationals in European history. How long can it last?The new figures from Apple, showing almost €15bn in corporate tax paid to Ireland last year, are a reminder of how chronically dependent we are on multinationals for health, schools and big projects

We can significantly increase current spending and still remain within the Government’s fiscal parameters. Just increase, not cut, tax revenue. This money could be redirected into significant reductions in cost-of-living, childcare fees and child-poverty. tinyurl.com/2s4er22m

tinyurl.comWhat is the Point of the Summer Economic StatementThe only point of the Summer Economic Statement is to provide four numbers: 1. The total fiscal package for 2027 will be €8.5 billion 2. Current (day-to-day) spending will rise by €5.9 billion 3. C…

We can significantly increase current spending and still remain within the Government’s fiscal parameters. Just increase, not cut, tax revenue. This money could be redirected into significant reductions in cost-of-living, childcare fees and child-poverty: tinyurl.com/2s4er22m

tinyurl.comWhat is the Point of the Summer Economic StatementThe only point of the Summer Economic Statement is to provide four numbers: 1. The total fiscal package for 2027 will be €8.5 billion 2. Current (day-to-day) spending will rise by €5.9 billion 3. C…

Despite claims to the contrary, Irish personal tax rates for middle-income earners are not high. In fact, they are at the lower end of the EU. We need an evidence-based debate. If the middle is being squeezed, it is not tax that is doing the squeezing: tinyurl.com/mtjh6mzc

tinyurl.comSetting the Record Straight on Personal TaxationYou know we’re getting closer to budget day.  Misinformation and ill-informed commentary about tax rates proliferate.  In particular, the claims that middle-income earners are highly-taxed, more th…

Despite claims to the contrary, Irish personal tax rates for middle-income earners are not high. In fact, they are at the lower end of the EU. We need an evidence-based debate. If the middle is being squeezed, it is not tax that is doing the squeezing. tinyurl.com/mtjh6mzc

tinyurl.comSetting the Record Straight on Personal TaxationYou know we’re getting closer to budget day.  Misinformation and ill-informed commentary about tax rates proliferate.  In particular, the claims that middle-income earners are highly-taxed, more th…

The Irish haulage sector is a low-productivity, low-investment, and ultra-low waged sector compared to our EU peer group. Instead of reforming it, the Government is subsidising poor performance. We need to negotiate and plan a productive haulage sector: tinyurl.com/53rwvpn9

tinyurl.comSubsidising InefficiencyThe economy benefits from productive companies:  investment, wages, pricing and environmental sustainability.  In times of crisis they are more resilient with fiscal buffers, reliable sources of ca…

The Taoiseach wants to cut capital gains tax. This is yet another example of ‘doing-something-so-that-you’re-seen-to-be-doing-something’. It will have little impact on the productive economy but it will be expensive, wasteful, unnecessary, and regressive. tinyurl.com/mrx8kc2e

tinyurl.comDoing Something so that you’re Seen to be Doing SomethingTaoiseach Micheal Martin wants to ‘slash’ capital gains tax. On the front page of the Business Post: ‘Capital gains tax should be slashed to encourage more Irish people to invest, Taoiseach Micheal…

The only thing keeping a weakened US economy afloat is AI capital spending (mostly data centres). What happens if the AI bubble bursts? To the US economy? And the Irish economy?

Progressives should oppose regressive cuts in VAT and Excise as part of a household energy support package. A combination of a new electricity credit and social protection measures would be far more progressive. We need evidence-based policy making. tinyurl.com/y3exyxt3

tinyurl.comSearching the EvidenceDemands for cutting taxes on energy are growing. And the Government appears to be listening. ‘The Taoiseach has strongly hinted that cuts to excise duty on fuel are being considered to help househo…

Progressives should oppose regressive cuts in VAT and Excise as part of a household energy support package. A combination of a new electricity credit and social protection measures would be far more progressive. We need evidence-based policy making: tinyurl.com/y3exyxt3

tinyurl.comSearching the EvidenceDemands for cutting taxes on energy are growing. And the Government appears to be listening. ‘The Taoiseach has strongly hinted that cuts to excise duty on fuel are being considered to help househo…

We can’t control global prices. But we can introduce energy price accountability with new powers to allow the Regulator to end price-gouging and opportunistic pricing. A little bit of democracy could help a whole lot. tinyurl.com/5e9ytbub

tinyurl.comDemocratic Accountability in the Energy MarketIt’s not as if the Government didn’t have time.  With Covid and subsequent supply-chain interruptions, the Russian invasion of Ukraine, the 12-day bombing of Iran last year – there are any num…

If employment is a good indicator of economic health, we might be getting a bit under the weather. The private sector generated no new net jobs in the last year and overall job growth is falling towards zero. We need to debate how to maintain job growth: tinyurl.com/6dap783e

tinyurl.comFalling Towards ZeroMinister Peter Bourke was out recently lauding the record of job creation.  However, the Irish Times took a more nuanced approach: ‘ . . . there is a risk here of looking in the rear-view mirr…

If employment is a good indicator of economic health, we might be getting a bit under the weather. The private sector generated no new net jobs in the last year and overall job growth is falling towards zero. We need to debate how to maintain job growth. tinyurl.com/6dap783e

tinyurl.comFalling Towards ZeroMinister Peter Bourke was out recently lauding the record of job creation.  However, the Irish Times took a more nuanced approach: ‘ . . . there is a risk here of looking in the rear-view mirr…

Progressive parties and civil society groups should jointly campaign to force the Government to abandon any visit to the White House on St. Patrick’s Day. This would highlight Ireland’s support for the international rule of law: tinyurl.com/2fy9hfvz

tinyurl.comAbandon Paddy’s DayProgressive parties and civil society groups should jointly campaign to force the Government to drop the annual St. Patrick Day’s visit to the White House.  There is almost nothing to gain fro…

Progressive parties and civil society groups should jointly campaign to force the Government to abandon any visit to the White House on St. Patrick’s Day. This would highlight Ireland’s support for the international rule of law. tinyurl.com/2fy9hfvz

tinyurl.comAbandon Paddy’s DayProgressive parties and civil society groups should jointly campaign to force the Government to drop the annual St. Patrick Day’s visit to the White House.  There is almost nothing to gain fro…

Michael Taft reposted

This shows the function of "independent" regulation. It is not to improve the working of an industry, but to allow the government to avoid responsibility.

Adam Bienkov@adambienkov.bsky.social

Keir Starmer's spokesman tells me that X and Grok's creation of sexual deepfakes of children is "completely unacceptable" but again won't commit to taking direct action against them, or to stop posting there. Says "all options are on the table" but suggests it's a matter for Ofcom, not Government

Electricity credits? VAT cuts? Means-tested payments? The best way to reduce electricity costs for low/average income groups way is to provide every household with a minimum amount of free electricity. Don’t tinker with price markets. Reshape them: tinyurl.com/4v4x5zbv

tinyurl.comElectricity, Prices and MillionairesThe Taoiseach recently criticised the demand for new electricity credits.  Addressing Sinn Fein in the Dail: “You want to add another €2 billion to it in terms of a short-term intervention [el…

Electricity credits? VAT cuts? Means-tested payments? The best way to reduce electricity costs for low/average income groups way is to provide every household with a minimum amount of free electricity. Don’t tinker with price markets. Reshape them. tinyurl.com/4v4x5zbv

tinyurl.comElectricity, Prices and MillionairesThe Taoiseach recently criticised the demand for new electricity credits.  Addressing Sinn Fein in the Dail: “You want to add another €2 billion to it in terms of a short-term intervention [el…

The perverse logic of Government’s immigration policy: it points to the benefits that immigrants bring to the economy. Then it says there are too many immigrants. And if you point out this contradiction, you're accused of wanting to close down the debate! tinyurl.com/r3s9myka

tinyurl.comThe Perverse Logic of the Government’s Immigration PolicyThe Government’s narrative is that asylum seekers are a cost that must be reduced – by making Ireland an unattractive place for those seeking international protection.  This ignores that fact …

The perverse logic of Government’s immigration policy: it points to the benefits that immigrants bring to the economy. Then it says there are too many immigrants. And if you point out this contradiction, you're accused of wanting to close down the debate! tinyurl.com/r3s9myka

tinyurl.comThe Perverse Logic of the Government’s Immigration PolicyThe Government’s narrative is that asylum seekers are a cost that must be reduced – by making Ireland an unattractive place for those seeking international protection.  This ignores that fact …

Michael Taft reposted

🚨 One in every 22 homes in Ireland is either vacant or derelict. GeoDirectory Residential Buildings Report Q2 2025: 🏚️80,328* VACANT homes 🏚️19,821* DERELICT dwellings #DerelictIreland #HousingCrisis In my visualisation, red blocks represent some of the Derelict and Vacant Sites in Dublin City.

Michael Taft reposted

“Cost of agricultural land rises 10% with Dublin most expensive” Dublin median price/acre €24,125 (so €57,900 /hectare) 1 hectare can fit 35-50 new homes at site price ≈ €80,000/home Hence windfall profits from re-zoning agricultural land to residential land www.irishtimes.com/business/202...

irishtimes.comCost of agricultural land rises 10% with Dublin the most expensive regionSome 57,212 acres of agricultural land were sold nationally last year, which represented a decrease of 8.9% on 2023

The first electoral test for progressives in the Connolly Coalition will be the Galway West by-election. A voter-transfer pact is essential to maximising support and the minimum needed to show that progressives are serious about building an alternative to the current Government.

50% of households find it difficult making ends meet. Temporary measures won’t solve this. We need to promote wages and incomes, reshape market prices, and provide free public services. Affordability is one of the foundations of an alternative government: tinyurl.com/wzj3usnf

tinyurl.comThe Affordability DeficitWe have an affordability deficit.  Even with low unemployment, solid job creation, relatively low inflation and reasonable economic growth, nearly half of households are finding it difficult making…