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They may be right about keeping the corporate tax rate steady, as partly evidenced by the fact that nearly every other large EU country wants Ireland to raise the corporate tax rate.

But the reason the country is in its current state is precisely because the politicians DIDN'T have their heads on straight. They were pointed directly at the gravy train. The Celtic Tiger was IMHO just one big bubble that the Irish didn't see coming until it was way too late.

(Disclaimer: I only lived in Ireland for the last 3.5 years but had many Irish friends there who had been through it all.)




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