A Luxury Levy shall be applied to goods and services that are, by any reasonable standard, ostentatious displays of wealth far beyond any functional purpose — including but not limited to private jets, superyachts, and personal property valued at multiples of the average Irish home. The Luxury Levy is separate from and additional to ordinary taxation. All proceeds of the Luxury Levy established under this article shall be directed, with priority given to housing, healthcare, and the dignity income established in Article 73.
The Luxury Levy does not affect the property rights established in Article 61. It applies to ostentatious consumption, not to the ordinary home, farm, or business of any citizen, regardless of its value, where that property is genuinely lived in, worked, or used rather than held as a pure store of speculative wealth.
The definition of what constitutes a luxury good for the purposes of this levy shall be reviewed every five years by an independent body appointed by the Citizens’ Assembly, and may be expanded to include any other category of goods or services that the Citizens’ Assembly designates as meeting the constitutional definition of ostentatious wealth disconnected from functional need.