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	<title>Society.ie &#187; Water Charges | Society.ie</title>
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		<title>Water: Economics and Equitability</title>
		<link>https://society.ie/2014/10/water-economics-and-equitability/</link>
		<comments>https://society.ie/2014/10/water-economics-and-equitability/#comments</comments>
		<pubDate>Sat, 04 Oct 2014 07:00:42 +0000</pubDate>
		<dc:creator><![CDATA[Ryan Ó Giobúin]]></dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Ryan's digest]]></category>
		<category><![CDATA[Budget 2015]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[Ireland]]></category>
		<category><![CDATA[Water]]></category>
		<category><![CDATA[Water Charges]]></category>

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		<description><![CDATA[The economics of water is about trying to understand water scarcity and the values of water, as well as how to ensure that our broadly defined needs are understood, that costs and benefits of choices are clear and that the impacts of alternative pricing schedules are clarified (Joyce and Convery, 2009, p. 377). Implying that water is an economic good is not an inherently popular position to take in a society  where, under an ‘absent hand’, people have grown up without the realisation that water is, in fact, an expensive commodity to deliver (Scott, 2003, p. 2). ‘Free Water’ is by nature far from free, costing the Irish exchequer (and by default the taxpayer) over €1 billion a year to supply and maintain (Convery, 2008). Ireland has quickly climbed up the marginal cost curve owing to the fact that water supply paid for by the exchequer has provided no discouragement to excessive and often wasteful usages of water. While the funding of water via direct taxation in a progressive tax system has the feature of enabling payments to be related with one’s ability to pay, it has done little to assuage Ireland’s thirst for water, resulting in a highly inequitable system where those [&#8230;]]]></description>
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