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Once again, special interests have dominated our annual budget and the Government has bowed to the pressure of the fat cat capitalist class.
The budget has ensured that those lucky and privileged enough to have a second or third property will pay no extra tax, because the system has been scrapped.
This will ensure that our two-tier and deeply divided state continues and those with most will enhance their position. If it is right to tax one property, then it is right to tax another.
This budget is a sweet deal for those who gambled and lost because of their greed on an investment property for rental purposes, who should have sold up long ago to cut their losses. It is also a very sweet deal for property owners with several properties to their name or those with large portfolios. Finance Minister Michael Noonan’s statement: That “paying tax is a core principle of democracy” is not as democratic as it may seem.
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