Aidan Regan: Fiscal deficit is not a concern, but we must widen the tax base

What should matter to us most of all is the reliability of the revenue stream that funds the state

The euro symbol sculpture at the former European Central Bank headquarters in Frankfurt: the ECB has used its powers to push down the cost of borrowing. Picture: Bloomberg

When I tell my students that we’re going to talk a lot about taxation in my courses on political economy in UCD, there’s usually a very loud collective groan. They imagine taxation to be a dull, technical affair, rather than a lively political one.

But then I remind them that taxation is the foundation of politics – who pays for what, when and how? In fact, I would argue that if we want to understand ...