The David McWilliams Podcast Swiftonomics and Centrist Dads: 2024 in Review
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Dec 31, 2024 Happy New Year! Dive into 2024’s economic highlights, where Swiftonomics takes center stage with Taylor Swift's unexpected GDP boost. Discover the intriguing rise of the Centrist Dad Economy and how corporate tax quirks shaped Ireland's identity. There's a deep look into the housing market's struggles amidst soaring prices and a cultural backdrop of concert-goers belting tunes. Also, explore Ireland's unique growth path compared to Europe and its sometimes controversial neutrality in an increasingly tense geopolitical landscape.
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Ireland's Economic Trajectory
- The Irish economy follows a different trajectory than European economies, showing stronger growth and dynamism.
- This difference is attributed to Ireland's unique position with one foot in America and one foot in Europe.
Irish Corporation Tax Surge
- Ireland's corporation tax revenue has surged, exceeding other countries despite lower tax rates.
- This seems to support the Laffer curve idea of lower taxes leading to higher revenue.
Apple Tax Debacle
- The Apple tax debacle, where Ireland was found guilty of tax evasion, has strained its relationship with Europe.
- This highlights the limits of European tolerance for Ireland's tax haven practices.