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The Luck of the Irish Runs Out

November 28th, 2010 11:31 admin Leave a comment Go to comments

theodp writes “Looks like threatening to take their ball and leave paid off for US tech firms. The Irish government announced plans this week to tap the welfare state and working class for much of the $20B in savings they’ve pledged to find over the next four years, but the austerity measures will not touch large businesses like Microsoft, Intel, Google, HP, Facebook, LinkedIn, and Pfizer, which created jobs and fueled exports in Ireland after being lured by low corporate tax rates. More than 100,000 Dubliners took to the streets to protest the bailout plan, calling for the Irish government to default on the country’s debts, and demanding an immediate election. ‘We should default,’ said a retired union worker, ‘the idea that the workers of this country should pay for the gambling of the billionaires is disgusting.’”

Source: The Luck of the Irish Runs Out

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