Unhedged
How Ireland got too much money
Sep 12, 2024
David McWilliams, a renowned Irish economist and the founder of Kilconomics Festival, dives into Ireland's remarkable economic transformation. Once facing emigration, the country now thrives as a corporate tax haven for giants like Apple and Google, boasting an €8bn surplus. McWilliams discusses how to effectively manage this financial windfall while addressing the struggles of small businesses overshadowed by multinationals. The conversation also touches on the historical ties between humanity and money, setting the stage for Ireland's future financial strategies.
21:52
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Quick takeaways
- Ireland's transformation into a tax haven has resulted in significant wealth from multinationals, creating a dilemma for utilizing its budget surplus.
- The influx of foreign investment versus local entrepreneurship illustrates the need for a balanced economic strategy in Ireland's growing economy.
Deep dives
Challenges for Small Employers in Retirement Planning
A significant portion of the U.S. population lacks access to workplace retirement plans, particularly among small employers with fewer than 100 employees. This represents a gap in the financial security of many workers who are not saving adequately for retirement. Addressing this issue involves creating accessible retirement options that cater specifically to this demographic. Solutions could include incentivizing small businesses to offer retirement plans or providing resources to help employees understand the importance of saving.
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