Cyprus is the prototype for a wealth tax here

Regarding the Cyprus levy proposals, I believe the Irish Government welcomed the proposed deal with the Troika until the Cypriots took to the streets.

The reaction in the Dáil was informative. I believed Sinn Féin and some independents — Boyd-Barrett, Claire Daly, etc — were in favour of a wealth tax. I said to myself ‘the Cypriots have laid out the prototype for them’.

It is the ideal taxation system and ticks all the boxes: It is simple to understand, it is easy to collect, it is progressive.