Why are ordinary workers still being made to pay?

The minimum wage became law in 2000. Eleven years elapsed before the Government capped the pay of senior civil servants at €200,000 per year. The income distribution statistics for 2011, compiled by the Revenue Commissioners, make interesting reading. Half of all taxpayers accounted for one-fifth of gross incomes.

Two-thirds of all taxpayers earned only the average wage of €37,500 or less. The top 1%, who earned €200,000 or more, took 9% of all gross income. They were in the private sector. The pay cap of €200,000 should also apply to the private sector.

The top 1% would still receive 5% of the national pay cake. The 4% saved would equal €3.25 bn. The Government could channel that into the Exchequer.