if they did this in my country, the government would go chapter 11, maybe first in recent world history
28
ails_bales7 hr ago
+6
What is chapter 11?
6
ThellraAK7 hr ago
+7
Bankruptcy
7
ails_bales7 hr ago
+2
Ah no Ireland will be ok.
2
GeorgeWardlawsmum12 hr ago
+92
The US needs to start paying for this shit they keep creating.
92
Reddvox6 hr ago
+21
Time to tarrif the shit out of USA, that seems to be the best strategy, a very stable genius said once, I heard
21
kraftdinnerwithsalsa12 hr ago
+4
I think the world is gonna step away from the petro dollar and f****** crash America. I _kinda_ hope I’m wrong.
4
DunkingTea11 hr ago
+17
Crashing America, crashes the world economy and only benefits the rich who buy up assets and keep prices high afterwards. It’s not going to be a good time…
17
jourdan4425 hr ago
+1
Prices are already high and the rich have already bought up the assets. We’re in the bad timeline right now. How much longer are we gonna wait before ripping off the bandaid.
1
sickofthisshit11 hr ago
-16
The "petrodollar" idea you have is at this point just internet stupidity. Eventually the oil-producing states want to buy stuff, at which point they exchange the dollars for whatever currency they need to buy what they want, and unless it is made in America, it won't be dollars.
Pricing it in USD is just a convention, not a mystical power.
-16
Jerri_man10 hr ago
+17
It is far more than convention and has many tangible benefits for the US, just as the pound had for the British empire.
17
Federal_Score59674 hr ago
+1
It's better to be quiet if you have no idea what you're talking about. The petrodollar is a real thing, do some research.
1
mesmerooo10 hr ago
-5
maybe, if there was another stable option not belonging to any country
-5
DaddaMongo9 hr ago
+14
there is, it's called the Euro.
14
mesmerooo9 hr ago
its time will come
0
lost_horizons8 hr ago
-8
lol no. Europe has its own problems. As do all fiat currencies.
-8
No-Value13411 hr ago
+13
For everybody asking why would they protest: this is why
13
stevesmele10 hr ago
+13
You can thank Donald for that.
13
CipherWeaver7 hr ago
+9
Wtf are they protesting, it's not like ireland is responsible.
9
pixter7 hr ago
+21
Tax , about 55% of the cost is tax. So if petrol is €2 euro per litre €1.10 goes to the government. We get shafted left right and centre on tax here.
21
InconspicuousRadish5 hr ago
+10
So does pretty much the entirety of Europe. France has 55 to 60%, same for Germany. The EU mandates a minimum excise duty for gas (€0.359 per liter of unleaded petrol). Most EU countries have a higher rate, to which VAT is added.
I'm sick of people regurgitating this point as if Irish gas taxation is the highest in Europe. It is [not](https://taxfoundation.org/data/all/eu/diesel-gas-taxes-europe/).
>Only Malta adheres to the minimum rate, while all other EU Member States levy higher excise duties. At the €0.359 per liter minimum, Malta has the lowest [gas tax](https://taxfoundation.org/taxedu/glossary/gas-tax/), followed by Bulgaria at €0.363 per liter ($1.61 per gallon), and [Hungary](https://taxfoundation.org/location/hungary/) at €0.409 per liter ($1.82 per gallon).
>[The Netherlands](https://taxfoundation.org/location/netherlands/) levies the highest [tax](https://taxfoundation.org/taxedu/glossary/tax/) on petrol at €0.845 per liter ($3.76 per gallon), followed by [Denmark](https://taxfoundation.org/location/denmark/) at €0.717 per liter ($3.19 per gallon), and [Italy](https://taxfoundation.org/location/italy/) at €0.713 per liter ($3.17 per gallon).
10
dj04 hr ago
+1
Why do people always mention the EU minimum excise duties, when 27 of the 28 countries exercise their own higher rate of their own volition anyway.
It would seem the minimum rate is irrelevant.
1
InconspicuousRadish4 hr ago
+1
To highlight that fuel taxes aren't high on a per country basis alone. Between the EU minimum and VAT, you're already looking at a 40%+ taxation minimum.
1
ails_bales7 hr ago
+10
I don't agree with the protests and its tangled up with far right aggressors, but Ireland has huge taxes on fuel. Plus a 12.5 billion euro rainy day fund.
.. People want a reduction in the tax on fuel.
10
Minimum-Act-30306 hr ago
+4
I do agree with the protestors. What's the point of government savings and taxes if they can't be used in case of crisis? The fact that they have reduced the tax now proves that the protests worked.
4
ails_bales6 hr ago
+4
I agree on the taxes and I'm glad it's been reduced. I think they did good in this way but took it too far. The hard shoulders should not have been blocked. Cancer patients should not have missed chemo. Which they did.
Iv a very sick father in hospital. We missed visits due to this. It's not just that we did not get to see him.
It's knowing he is in hospital in distress without the comfort of us reassuring him, holding his hand and being able to comfort him.
4
ails_bales7 hr ago
+2
Now could the Americans do something similar to get rid of trump....
2
Martin-downunder4 hr ago
+1
And just think all that tech company tax they collected could be used to help out
1
Fywq5 hr ago
Cutting taxes and lowering prices increases demand and consumption, putting a stronger strain on supply lines. This has been done in numerous countries by now, but it's a nothing but a short term fix to a systemic problem that can only be fixed by reducing consumption or the opening of Hormuz. The former is obviously the better choice for both energy independence and the climate, so sooner or later we will for sure get the latter instead. And then it will still take months for supplies to stabilize.
0
Schpitzchopf_Lorenz6 hr ago
-2
Will they be voting green in any upcomming election? Alternative energy and fuel seems to be a solution?
-2
alphacross5 hr ago
+1
Greens will likely do well in the next election here. They were in government last time but as often happens with smaller parties in government they got the brunt of the anti government vote
1
Schpitzchopf_Lorenz4 hr ago
+1
Not well enough. But well enough to get antagonized once more.
1
ozzymustaine5 hr ago
-12
Ireland: taxes fuel at 55%
People protest to demand tax cuts on fuel
Listnook: that’s Trump’s fault
🤡
-12
etplayer035 hr ago
+6
You know, some countries actually try to get rid of the car centric hell that we created over the years.
And how to hell can you even defend trump plunging the middle East into chaos without any goal or plan how to get anywhere.
6
ContentsMayVary4 hr ago
+1
The increase in petrol prices very much is the fault of the paedophile rapist of children that the American people voted into the White House.
1
alphacross5 hr ago
+1
Our taxes on fuel were in the middle of the pack among European countries. They’re now down at the absolute minimum allowed under EU law
With the exception of VAT (which can be recovered by businesses) NONE of them are percentage based. They are all fixed charges per liter. And not only did they not increase, they went down the week before the “protest” because the government cut the excise duty and NORA levy. The price rise from the global market gobbled that up immediately
1
DerApexPredator6 hr ago
-1
They need to start taxing any American associations/relations they have
37 Comments