A 25 per cent tax on the excess profits of energy companies could be introduced to help offset income inequality in a time of spiralling inflation and living costs, a new report suggests.The report, entitled The State We Are In: Inequality in Ireland 2022, was published on Thursday by the independent economic and social think-thank Tasc.
It found welfare supports during the pandemic “played an important role in mitigating and actually reducing levels of inequality in Irish society”, illustrating the potential for a “determined and coherent State policy on tackling inequality”. It also pushes for an increase in public spending on transport and infrastructure investment to ensure major projects are delivered on time.
The same crowd also pointed out that water is wet.