Denis O’Brien – the tip of the iceberg

Over the last seven years while the large majority of the Irish people have been hammered with charges, cuts, unemployment and general austerity Denis O’Brien has doubled his already immense fortune.

Socialist Worker

Denis O’Brien – the tip of the iceberg

Over the last seven years while the large majority of the Irish people have been hammered with charges, cuts, unemployment and general austerity Denis O’Brien has doubled his already immense fortune.

The Irish Rich List, published in The Independent, shows that in the last year alone O’Brien’s wealth rose by 37% from €4.36billion to €5.97 billion. That is €1.6 thousand million in one year!

This is a man whose whole business career was founded on a corrupt deal with Michael Lowry twenty years ago to win Ireland’s second mobile phone licence.

But O’Brien is not alone in this; he is just the best known and most hated representative of the whole class of super-rich who have got even richer while the rest of us were getting poorer.

For example there’s Irish citizen (but Indian resident) Pallonji Mistry who is even richer than Denis O’Brien. He comes in at €14.5 billion, up over €5 billion from €9.36 billion last year . Then there’s Hilary Weston, owner of Brown Thomas (and much else), with €8.8 billion, up over €2.5 billion from €6.25 last year.

In fact the Irish rich as a whole have massively increased their wealth at our expense. The 300 richest people in Ireland have between them at least €70 billion and in addition to these billionaires  there are 90,000 millionaires.

And these are the people who have been aided and abetted at every turn by ALL the parties of the Irish political establishment. These are the people who they say we musn’t tax while we are expected to pay the Universal Social Charge, the Property Tax and the Water Charges.

We say: enough is enough!

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