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Michael Taft

@michael-taft.bsky.social
231 followers 126 following 77 posts

Commentary on Irish Political Economy by Michael Taft, Researcher for SIPTU. Blogs at www.notesonthefront.org

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Michael Taft @michael-taft.bsky.social · 29/09/2026
The Tánaiste claims his focus is on supporting people ‘who get up early and go to work’ – except for the low-paid and workers who get sick, or take the bus, or rent, or visit a GP, or have children. These early risers get left paying the high living costs: tinyurl.com/cz6rzxdn
tinyurl.com
Waking Up Early in Ireland
Simon Harris claims his focus in the upcoming budget is on supporting people ‘who get up early every morning and go to work’. Yet: One of the first things his government did on taking office was to…
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Michael Taft @michael-taft.bsky.social · 29/09/2026
The Tánaiste claims his focus is on supporting people ‘who get up early and go to work’ – except for the low-paid and workers who get sick, or take the bus, or rent, or visit a GP, or have children. These early risers get left paying the high living costs. tinyurl.com/cz6rzxdn
tinyurl.com
Waking Up Early in Ireland
Simon Harris claims his focus in the upcoming budget is on supporting people ‘who get up early every morning and go to work’. Yet: One of the first things his government did on taking office was to…
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Reposted by Michael Taft
Orla Hegarty @orla-hegarty.bsky.social · 24/09/2026
‘study suggests that nearly 50,000 homes could have been built if the resources in the data centre build-out were directed elsewhere’ #housing #Speirgorm www.thejournal.ie/government-d...
thejournal.ie
Government report on data centres was 'flawed' and 'exaggerated', new research claims
The study also suggests that nearly 50,000 homes could have been built if the resources in the data centre build-out were directed elsewhere.
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Reposted by Michael Taft
Orla Hegarty @orla-hegarty.bsky.social · 23/09/2026
‘Irish people don’t want to live in ‘mostly awful’ apartments. Here’s five ways to fix them’ - Lorcan Sirr www.irishtimes.com/opinion/2026...
irishtimes.com
Lorcan Sirr: Irish people don’t want to live in ‘mostly awful’ apartments. Here are 5 ways to fix them
Apartment living was historically seen as ‘unnatural’ in Ireland. But attitudes won’t change until standards do
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Reposted by Michael Taft
Orla Hegarty @orla-hegarty.bsky.social · 21/09/2026
‘Govt to remove environmental assessments for certain developments’ ‘no environmental screening for projects up to 250 homes, basic screening up to 750 homes, full EIA will only be required for developments above 750 homes’ ..yet more “quick-fix” deregulation for profit www.rte.ie/news/politic...
rte.ie
Govt to remove environmental screening for developments
The Government is expected to remove the need for environmental assessments for housing developments of up to 250 units by the end of the month in a bid to speed up house building.
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Reposted by Michael Taft
Orla Hegarty @orla-hegarty.bsky.social · 18/09/2026
‘Housing Minister wants €20,000 tax refund hike for first-time buyers of new homes in Budget 2027’ .. this is like giving people money to bid for concert tickets*, instead of putting on extra shows** *limited homes **building homes www.independent.ie/irish-news/p...
independent.ie
Housing Minister wants €20,000 tax refund hike for first-time buyers of new homes in Budget 2027
James Browne pushing for massive increase to bridge affordability gap
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Michael Taft @michael-taft.bsky.social · 17/09/2026
How are the top 1% doing? They earn more than 7 times the average-income worker. And this gap is growing. They take in even more capital income. We need structural policies that shift power in the economy away from the 1% and towards the rest of us. tinyurl.com/mws3v8hn
tinyurl.com
Hangin’ Out with the 1%
Using Revenue Commissioners data, Cliff Taylor shows there are a lot of taxpayers on very high incomes. ‘The number of taxpayers earning more than €150,000 will rise to close to 200,000 next year, …
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Reposted by Michael Taft
Orla Hegarty @orla-hegarty.bsky.social · 17/09/2026
‘Fall in number of homes added to social housing stock’ in 2025 .. the real story is the local authorities now own *fewer* homes than they did 10 years ago, so where is all the money going? 31/12/2015: 159,336 31/12/2025 158,672 www.irishtimes.com/ireland/2026...
irishtimes.com
Fall in number of units added to social housing stock
Retrofitting targets set by Government unlikely to be met, suggests latest report
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Michael Taft @michael-taft.bsky.social · 17/09/2026
How are the top 1% doing? They earn more than 7 times the average-income worker. And this gap is growing. They take in even more capital income. We need structural policies that shift power in the economy away from the 1% and towards the rest of us: tinyurl.com/mws3v8hn
tinyurl.com
Hangin’ Out with the 1%
Using Revenue Commissioners data, Cliff Taylor shows there are a lot of taxpayers on very high incomes. ‘The number of taxpayers earning more than €150,000 will rise to close to 200,000 next year, …
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Michael Taft @michael-taft.bsky.social · 15/09/2026
Keeping the low-paid down. Despite profits and VAT cuts, employers still claim they can’t afford minimum wage increases. But rising revenues, generous subsidies, small business profitability: all the evidence shows they can well afford it. tinyurl.com/ytfy74k2
tinyurl.com
Keeping the Low Paid Down
It’s that time of year again.  Media leaks suggest the Low Pay Commission has recommended an increase in the National Minimum Wage of 79 cent. This would raise the wage floor from €14.15 to €1…
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Michael Taft @michael-taft.bsky.social · 15/09/2026
Keeping the low-paid down. Despite profits and VAT cuts, employers still claim they can’t afford minimum wage increases. But rising revenues, generous subsidies, small business profitability: all the evidence shows they can well afford it. tinyurl.com/ytfy74k2
tinyurl.com
Keeping the Low Paid Down
It’s that time of year again.  Media leaks suggest the Low Pay Commission has recommended an increase in the National Minimum Wage of 79 cent. This would raise the wage floor from €14.15 to €1…
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Michael Taft @michael-taft.bsky.social · 27/08/2026
Childcare today: business down-sizing, dividends, corporate concentration, speculative investments – childcare as a commercial activity . Fortunately, there is an alternative. It starts with the employees and the service they provide – a public service. tinyurl.com/mr2mzamd
tinyurl.com
Four Stories about the State of Childcare Today
Here are four stories about childcare provision in Ireland today. The first comes from Elaine Dunne, a childcare provider and spokesperson for the Federation of Early Childcare Providers.  She…
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Michael Taft @michael-taft.bsky.social · 27/08/2026
Childcare today: business down-sizing, dividends, corporate concentration, speculative investments – childcare as a commercial activity . Fortunately, there is an alternative. It starts with the employees and the service they provide – a public service: tinyurl.com/mr2mzamd
tinyurl.com
Four Stories about the State of Childcare Today
Here are four stories about childcare provision in Ireland today. The first comes from Elaine Dunne, a childcare provider and spokesperson for the Federation of Early Childcare Providers.  She…
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Michael Taft @michael-taft.bsky.social · 22/08/2026
"We are chronically dependent on income we did little to earn." www.independent.ie/business/adrian-…
independent.ie
Adrian Weckler: Ireland has set up one of the greatest cash-gathering operations from multinationals in European history. How long can it last?
The new figures from Apple, showing almost €15bn in corporate tax paid to Ireland last year, are a reminder of how chronically dependent we are on multinationals for health, schools and big projects
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Reposted by Michael Taft
Another Green @anothergreen.bsky.social · 07/08/2026
Elinor Ostrom the first woman to win a Nobel in #economics was born today 7th August 1933, she worked on commons ownership, deep democracy and tackling #climatechange. We should respect her rules for radicals! www.plutobooks.com/product/elin...
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Michael Taft @michael-taft.bsky.social · 24/07/2026
We can significantly increase current spending and still remain within the Government’s fiscal parameters. Just increase, not cut, tax revenue. This money could be redirected into significant reductions in cost-of-living, childcare fees and child-poverty. tinyurl.com/2s4er22m
tinyurl.com
What is the Point of the Summer Economic Statement
The only point of the Summer Economic Statement is to provide four numbers: 1. The total fiscal package for 2027 will be €8.5 billion 2. Current (day-to-day) spending will rise by €5.9 billion 3. C…
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Michael Taft @michael-taft.bsky.social · 24/07/2026
We can significantly increase current spending and still remain within the Government’s fiscal parameters. Just increase, not cut, tax revenue. This money could be redirected into significant reductions in cost-of-living, childcare fees and child-poverty: tinyurl.com/2s4er22m
tinyurl.com
What is the Point of the Summer Economic Statement
The only point of the Summer Economic Statement is to provide four numbers: 1. The total fiscal package for 2027 will be €8.5 billion 2. Current (day-to-day) spending will rise by €5.9 billion 3. C…
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Michael Taft @michael-taft.bsky.social · 10/07/2026
CEO pay increased by nearly 10% last year. Should be no complaints if workers put in similar pay claims. CEO pay in Ireland in 2025: One executive earned $237m www.irishtimes.com/business/202...
irishtimes.com
CEO pay in Ireland in 2025: One executive earned $237m
Bank bosses all received pay hikes while Ryanair chief Michael O’Leary recently extended his contract with a big package of share options
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Michael Taft @michael-taft.bsky.social · 04/06/2026
Last call for Tressell Tickets Saturday in the RDS, Ireland’s premier political and union festival is happening. Tickets here: www.eventbrite.ie/e/robert-tre...
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Michael Taft @michael-taft.bsky.social · 05/05/2026
Despite claims to the contrary, Irish personal tax rates for middle-income earners are not high. In fact, they are at the lower end of the EU. We need an evidence-based debate. If the middle is being squeezed, it is not tax that is doing the squeezing: tinyurl.com/mtjh6mzc
tinyurl.com
Setting the Record Straight on Personal Taxation
You know we’re getting closer to budget day.  Misinformation and ill-informed commentary about tax rates proliferate.  In particular, the claims that middle-income earners are highly-taxed, more th…
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Michael Taft @michael-taft.bsky.social · 05/05/2026
Despite claims to the contrary, Irish personal tax rates for middle-income earners are not high. In fact, they are at the lower end of the EU. We need an evidence-based debate. If the middle is being squeezed, it is not tax that is doing the squeezing. tinyurl.com/mtjh6mzc
tinyurl.com
Setting the Record Straight on Personal Taxation
You know we’re getting closer to budget day.  Misinformation and ill-informed commentary about tax rates proliferate.  In particular, the claims that middle-income earners are highly-taxed, more th…
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Michael Taft @michael-taft.bsky.social · 27/04/2026
The Irish haulage sector is a low-productivity, low-investment, and ultra-low waged sector compared to our EU peer group. Instead of reforming it, the Government is subsidising poor performance. We need to negotiate and plan a productive haulage sector: tinyurl.com/53rwvpn9
tinyurl.com
Subsidising Inefficiency
The economy benefits from productive companies:  investment, wages, pricing and environmental sustainability.  In times of crisis they are more resilient with fiscal buffers, reliable sources of ca…
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Michael Taft @michael-taft.bsky.social · 27/04/2026
The Irish haulage sector is a low-productivity, low-investment, and ultra-low waged sector compared to our EU peer group. Instead of reforming it, the Government is subsidising poor performance. We need to negotiate and plan a productive haulage sector. tinyurl.com/53rwvpn9
tinyurl.com
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Michael Taft @michael-taft.bsky.social · 12/04/2026
How do you spend €500 million on an energy support package to so little effect? You have to really, really try.
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Michael Taft @michael-taft.bsky.social · 23/03/2026
The Taoiseach wants to cut capital gains tax. This is yet another example of ‘doing-something-so-that-you’re-seen-to-be-doing-something’. It will have little impact on the productive economy but it will be expensive, wasteful, unnecessary, and regressive. tinyurl.com/mrx8kc2e
tinyurl.com
Doing Something so that you’re Seen to be Doing Something
Taoiseach Micheal Martin wants to ‘slash’ capital gains tax. On the front page of the Business Post: ‘Capital gains tax should be slashed to encourage more Irish people to invest, Taoiseach Micheal…
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Michael Taft @michael-taft.bsky.social · 19/03/2026
The only thing keeping a weakened US economy afloat is AI capital spending (mostly data centres). What happens if the AI bubble bursts? To the US economy? And the Irish economy?
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Michael Taft @michael-taft.bsky.social · 18/03/2026
Progressives should oppose regressive cuts in VAT and Excise as part of a household energy support package. A combination of a new electricity credit and social protection measures would be far more progressive. We need evidence-based policy making. tinyurl.com/y3exyxt3
tinyurl.com
Searching the Evidence
Demands for cutting taxes on energy are growing. And the Government appears to be listening. ‘The Taoiseach has strongly hinted that cuts to excise duty on fuel are being considered to help househo…
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Michael Taft @michael-taft.bsky.social · 18/03/2026
Progressives should oppose regressive cuts in VAT and Excise as part of a household energy support package. A combination of a new electricity credit and social protection measures would be far more progressive. We need evidence-based policy making: tinyurl.com/y3exyxt3
tinyurl.com
Searching the Evidence
Demands for cutting taxes on energy are growing. And the Government appears to be listening. ‘The Taoiseach has strongly hinted that cuts to excise duty on fuel are being considered to help househo…
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Michael Taft @michael-taft.bsky.social · 13/03/2026
We can’t control global prices. But we can introduce energy price accountability with new powers to allow the Regulator to end price-gouging and opportunistic pricing. A little bit of democracy could help a whole lot. tinyurl.com/5e9ytbub
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Michael Taft @michael-taft.bsky.social · 13/03/2026
We can’t control global prices. But we can introduce energy price accountability with new powers to allow the Regulator to end price-gouging and opportunistic pricing. A little bit of democracy could help a whole lot. tinyurl.com/5e9ytbub
tinyurl.com
Democratic Accountability in the Energy Market
It’s not as if the Government didn’t have time.  With Covid and subsequent supply-chain interruptions, the Russian invasion of Ukraine, the 12-day bombing of Iran last year – there are any num…
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Reposted by Michael Taft
Chris Dillow @chrisdillow.bsky.social · 15/02/2026
New substack: politics is not about cosy debates or soundbites on silly TV shows. It’s about conflicts of interest. chrisdillow.substack.com/p/economic-g...
chrisdillow.substack.com
Economic growth as social change
Raising economic growth requires the government to defeat some vested interests.
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Michael Taft @michael-taft.bsky.social · 03/02/2026
If employment is a good indicator of economic health, we might be getting a bit under the weather. The private sector generated no new net jobs in the last year and overall job growth is falling towards zero. We need to debate how to maintain job growth: tinyurl.com/6dap783e
tinyurl.com
Falling Towards Zero
Minister Peter Bourke was out recently lauding the record of job creation.  However, the Irish Times took a more nuanced approach: ‘ . . . there is a risk here of looking in the rear-view mirr…
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Michael Taft @michael-taft.bsky.social · 03/02/2026
If employment is a good indicator of economic health, we might be getting a bit under the weather. The private sector generated no new net jobs in the last year and overall job growth is falling towards zero. We need to debate how to maintain job growth. tinyurl.com/6dap783e
tinyurl.com
Falling Towards Zero
Minister Peter Bourke was out recently lauding the record of job creation.  However, the Irish Times took a more nuanced approach: ‘ . . . there is a risk here of looking in the rear-view mirr…
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Michael Taft @michael-taft.bsky.social · 23/01/2026
Solidarity to the people of Minnesota and the fantastic turnout in opposition to ICE. #ICEOUT
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Reposted by Michael Taft
Nessan Vaughan @nessanvaughan.bsky.social · 20/01/2026
A most insightful piece here from @ingridrobeyns.bsky.social Recommended reading @ciarannugent.bsky.social @michael-taft.bsky.social
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Michael Taft @michael-taft.bsky.social · 12/01/2026
Progressive parties and civil society groups should jointly campaign to force the Government to abandon any visit to the White House on St. Patrick’s Day. This would highlight Ireland’s support for the international rule of law: tinyurl.com/2fy9hfvz
tinyurl.com
Abandon Paddy’s Day
Progressive parties and civil society groups should jointly campaign to force the Government to drop the annual St. Patrick Day’s visit to the White House.  There is almost nothing to gain fro…
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Michael Taft @michael-taft.bsky.social · 12/01/2026
Progressive parties and civil society groups should jointly campaign to force the Government to abandon any visit to the White House on St. Patrick’s Day. This would highlight Ireland’s support for the international rule of law. tinyurl.com/2fy9hfvz
tinyurl.com
Abandon Paddy’s Day
Progressive parties and civil society groups should jointly campaign to force the Government to drop the annual St. Patrick Day’s visit to the White House.  There is almost nothing to gain fro…
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Reposted by Michael Taft
Chris Dillow @chrisdillow.bsky.social · 07/01/2026
This shows the function of "independent" regulation. It is not to improve the working of an industry, but to allow the government to avoid responsibility.
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Michael Taft @michael-taft.bsky.social · 04/01/2026
Amazing. Not only did the Irish Government fail to condemn the US attack on Venezuela, it didn’t even mention the US in a statement released by the Minister for Foreign Affairs. tinyurl.com/ytjw82vy
tinyurl.com
Statement by Minister McEntee on the situation in Venezuela
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Michael Taft @michael-taft.bsky.social · 11/12/2025
Electricity credits? VAT cuts? Means-tested payments? The best way to reduce electricity costs for low/average income groups way is to provide every household with a minimum amount of free electricity. Don’t tinker with price markets. Reshape them: tinyurl.com/4v4x5zbv
tinyurl.com
Electricity, Prices and Millionaires
The Taoiseach recently criticised the demand for new electricity credits.  Addressing Sinn Fein in the Dail: “You want to add another €2 billion to it in terms of a short-term intervention [el…
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Michael Taft @michael-taft.bsky.social · 11/12/2025
Electricity credits? VAT cuts? Means-tested payments? The best way to reduce electricity costs for low/average income groups way is to provide every household with a minimum amount of free electricity. Don’t tinker with price markets. Reshape them. tinyurl.com/4v4x5zbv
tinyurl.com
Electricity, Prices and Millionaires
The Taoiseach recently criticised the demand for new electricity credits.  Addressing Sinn Fein in the Dail: “You want to add another €2 billion to it in terms of a short-term intervention [el…
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Michael Taft @michael-taft.bsky.social · 08/12/2025
The perverse logic of Government’s immigration policy: it points to the benefits that immigrants bring to the economy. Then it says there are too many immigrants. And if you point out this contradiction, you're accused of wanting to close down the debate! tinyurl.com/r3s9myka
tinyurl.com
The Perverse Logic of the Government’s Immigration Policy
The Government’s narrative is that asylum seekers are a cost that must be reduced – by making Ireland an unattractive place for those seeking international protection.  This ignores that fact …
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Michael Taft @michael-taft.bsky.social · 08/12/2025
The perverse logic of Government’s immigration policy: it points to the benefits that immigrants bring to the economy. Then it says there are too many immigrants. And if you point out this contradiction, you're accused of wanting to close down the debate! tinyurl.com/r3s9myka
tinyurl.com
The Perverse Logic of the Government’s Immigration Policy
The Government’s narrative is that asylum seekers are a cost that must be reduced – by making Ireland an unattractive place for those seeking international protection.  This ignores that fact …
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Reposted by Michael Taft
Rob Cross @robcross247.bsky.social · 07/11/2025
🚨 One in every 22 homes in Ireland is either vacant or derelict. GeoDirectory Residential Buildings Report Q2 2025: 🏚️80,328* VACANT homes 🏚️19,821* DERELICT dwellings #DerelictIreland #HousingCrisis In my visualisation, red blocks represent some of the Derelict and Vacant Sites in Dublin City.
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Reposted by Michael Taft
Mel Reynolds @maoiliosarey.bsky.social · 16/11/2025
Interesting critical take on new housing strategy in today’s @independent.ie by john mccartney‬⁩
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Reposted by Michael Taft
Orla Hegarty @orla-hegarty.bsky.social · 31/10/2025
“Cost of agricultural land rises 10% with Dublin most expensive” Dublin median price/acre €24,125 (so €57,900 /hectare) 1 hectare can fit 35-50 new homes at site price ≈ €80,000/home Hence windfall profits from re-zoning agricultural land to residential land www.irishtimes.com/business/202...
irishtimes.com
Cost of agricultural land rises 10% with Dublin the most expensive region
Some 57,212 acres of agricultural land were sold nationally last year, which represented a decrease of 8.9% on 2023
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Reposted by Michael Taft
Chris Dillow @chrisdillow.bsky.social · 29/10/2025
New substack: the government could pay a heavy cost for increasing military spending: chrisdillow.substack.com/p/some-costs...
chrisdillow.substack.com
Some costs of remilitarization
Raising military spending is economically and politically damaging
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Michael Taft @michael-taft.bsky.social · 28/10/2025
The first electoral test for progressives in the Connolly Coalition will be the Galway West by-election. A voter-transfer pact is essential to maximising support and the minimum needed to show that progressives are serious about building an alternative to the current Government.
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Michael Taft @michael-taft.bsky.social · 21/10/2025
50% of households find it difficult making ends meet. Temporary measures won’t solve this. We need to promote wages and incomes, reshape market prices, and provide free public services. Affordability is one of the foundations of an alternative government: tinyurl.com/wzj3usnf
tinyurl.com
The Affordability Deficit
We have an affordability deficit.  Even with low unemployment, solid job creation, relatively low inflation and reasonable economic growth, nearly half of households are finding it difficult making…
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Michael Taft @michael-taft.bsky.social · 21/10/2025
50% of households find it difficult making ends meet. Temporary measures won’t solve this. We need to promote wages and incomes, reshape market prices, and provide free public services. Affordability is one of the foundations of an alternative government. tinyurl.com/wzj3usnf
tinyurl.com
The Affordability Deficit
We have an affordability deficit.  Even with low unemployment, solid job creation, relatively low inflation and reasonable economic growth, nearly half of households are finding it difficult making…
000