Unless Government borrowing is curbed and “a culture of saving” comes into force, pension reserve funds will be raided and “our children’s working lives will extend way beyond their 65th birthdays”.
This is the view of Libertas founder Declan Ganley who was speaking at a recent public meeting in Tuam. He said that if Ireland is to lift itself out of recession, it must “exercise prudence in our borrowings and take proactive steps to encourage economic activity”.
Mr Ganley called on the Government and the nation to rediscover “a culture of saving” or else excessive Government borrowings now will lead to hyper inflation, which in turn will impact on pension reserves.
He also wants to see entrepreneurship promoted and was critical of “excessive red tape from Brussels” over regulating small business and stifling risk taking.
“We need to create a climate to encourage budding entrepreneurs to take risks through removing as far as possible barriers to innovation,” he said. “The Microsoft Corporation started in its chairman’s garage. Every successful company started small and every small company is a potential large employer given the right circumstances.”
Mr Ganley also said Ireland must have control over its tax policy and that “flexibility over core tax policy” is the key to economic recovery.
He said harmonising corporate tax rates across Europe would have a “highly detrimental effect on Irish competitiveness in Europe and on the world stage” and lead to a “dramatic exodus” of multi-national companies from Ireland.
Mr Ganely will be address a public meeting entitled Bringing Jobs to the West of Ireland at the Loughrea Hotel, Galway Road, on Sunday at 8pm. All are welcome.
