Government lives in dreamland if it thinks it can get out of Covid recession

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During the pandemic, more was done to protect people from the slings and arrows of unemployment than during any previous downturn. There was the generosity and duration of the Pandemic Unemployment Benefit (PUP), as well as the protection of the unemployed against the threat of eviction. It was briefly like living in a pop-up version of a Scandinavian welfare state.

Now we are looking at the barrel of a crushing national debt. And the government is apparently considering increasing PRSI dues – that second tax on our wages.

But increasing the PRSI – as opposed to raising other taxes – will hit the youngest and poorest among us the hardest. It is like the tax equivalent of slapping millennials, working poor and renters, while the government protects the seniors who vote for them.


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