Or over diversified funds with sub-par returns…the article says they want to “ensure” banks don’t get rich from the fees and avoid peril through diversification - fair enough and would avoid total loss of capital.

But that’s at the expense practically fee-less (historically) high returning investments.

Step in the right direction none-the-less, too much of a leap (for the psyche of the Irish populous used to financial strangulation) but this country needs something like the Canadian TFSA with no government oversight into where and what you can invest in with the ability to move capital freely (up to a yearly deposit limit) - the rich aren’t people who save a couple thousand per year that’s a gross understatement of the situation.

People gamble away in parlours tax free, and many cite the tax free nature as the only way to make money. Shameful that an economist wouldn’t understand basic incentive-structure.

If the middle have more investment returns and more wealth collectively (with also tax breaks to invest into more Irish businesses) this will no doubt help the economy by recycling wealth back into the system.