Monday 12 March 2012

€100 Billion of Wealth in the Hands of 32K People

The Sunday Independent reported €62.4 billion in the hands of 300 people in Ireland yesterday. If one adds the 31,762 millionaires as reported on TV3's Vincent Browne by the Irish Times' Fintan O'Toole then it should be relatively easy to pay off the countries debts. A 5% levy per year for five years on that €100 billion and perhaps a 3% levy on all the half millionaires would bring in €25 to €30 billion. It wouldn't hurt the wealthy and it would save a lot of money to the exchequer chasing blind widows for €10. Or households for €100. Is that a bit simple for Enda to get his head around? Or is he just in love with millionaires?