Revenue figures show income inequality still blights Irish society - Pearse Doherty TD
Sinn Féin’s Finance spokesperson Pearse Doherty TD has today called for an increase in the minimum wage to €10.50 per hour.
The call comes following the release of figures, for the first time from Revenue Commissioners, which make clear the scale of income inequality in Irish society today.
This is the first time the gross income per individual rather than "taxpayer unit" have been published.
Teachta Doherty said:
“As a result of many months of lobbying and engagement by Sinn Féin, the Revenue Commissioners have released figures revealing a shocking level of income inequality at the heart of Irish society.
“The top 10% of earners take home a third of all income, while the top 1% of earners now take home 11% of income.
"Overall the highest earning 10,000 citizens in the state took home €5.6bn between them. That means that on average 10,000 people took home more than half a million euro each in gross pay.
“But for a majority of Irish citizens, this is not a reality they recognise. Irish families face some of the highest living costs in the developed world. "The cost of living day-to-day, burdened with extortionate childcare fees and rent, is too high for far too many people.
“This is made worse by the fact that Ireland still ranks among the worst OECD countries for rates of low pay.
“It is clear that income inequality across the state is rife, and for lower and middle income families, living in Ireland simply isn’t affordable.
"Sinn Féin’s Alternative Budget sets out to tackle this cost of living crisis, increasing incomes and lowering the burdens placed upon them.
“In the coming Budget Sinn Féin is proposing an increase in the minimum wage of almost €1 per hour, raising it to €10.50 per hour.
"Before the end of a full term of government, Sinn Féin would introduce a real living wage for every citizen.”
NOTE FOR EDITOR:
The Revenue Commissioners have for the first time published these figures showing gross income by individual rather than by taxpayer units. This has been a long term request of Sinn Féin which allows for greater transparency in our tax system.
Revenue data here: