Kathy Sheridan: It’s a good time for a higher tax on Ireland’s 11 billionaires

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Kathy Sheridan: It’s a good time for a higher tax on Ireland’s 11 billionaires
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But what are the chances of a co-ordinated international approach now? Take a look at Trump’s inauguration images. The whole event could as easily have been rendered in the form of a gigantic crypto coin

But what are the chances of a co-ordinated international approach after Donald Trump’s lavish inauguration?

Oxfam didn’t name the 11, but Forbes’s rankings suggest that you probably won’t find any living down the road – or ones that you might recognise at any rate. Of the 11, six are foreign born and became Irish citizens. Only a few are domiciled here., a Mumbai-based engineering tycoon whose Irish citizenship derives from his reclusive father Pallonji’s marriage to Pat “Patsy” Perin Dubash, reportedly born in Hatch Street nursing home in 1939.

“Entrepreneurs will have millions or tens of millions, but beyond that, those who have hundreds of millions or billions will have to share with shareholders, who could be employees. So no, there won’t be billionaires any more”, said Piketty. “How can we justify that their existence is necessary for the common good? Contrary to what is often said, their enrichment was obtained thanks to these collective goods, which are the public knowledge, the infrastructures, the laboratories of research.

Joe Biden named it: “An oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead”.

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