Saving Ireland from economic bankruptcy is the crisis mission.  It has two phases. The first has commenced. It involves raising taxes to bridge a yawning gap between revenue and expenditure.  It is the crude desperation measure that governments grasp in order to avoid economic disaster.  It is a wise first move in an emergency and signals to the global community that Ireland is no longer in denial and is prepared to take strong measures to save the economy.  It also generates some revenue.  But while raising taxes may help to balance the public finances it … Continue reading...