Politics

John Walsh: Wealth taxes pose a dilemma for Ireland’s left-wing parties

Elon Musk unwittingly makes a good case for punitively taxing the super-rich but the political left in Ireland will find their approach to wealth taxes and FDI hard to reconcile

Many politicians and activists on the left criticised JP McManus and called for him to be subjected to wealth taxes in Ireland.

Elon Musk has probably done more to discredit billionaires than any other member of this persecuted minority.

He has spent the past few years dismantling X’s safeguards, which means the social media platform formerly known as Twitter is now a cesspit of hate speech and conspiracy theories.

Musk is the gift that keeps on giving to advocates of highly punitive taxes on the super-rich and there is a growing body of evidence to suggest that ...