Finance Minister Yair Lapid raises taxes on alcohol, then claims it was because of a binding agreement with the OECD. Problem is, the OECD has no clue what he's talking about. After only a few months in office, local news and social media arenas seem to be catching Finance Minister Yair Lapid with a new faux pas almost daily. Be it wrong economic figures, misunderstandings, misquotes or others - Lapid just can't seem to keep up the appearance of someone who actually knows what he's doing. But if until now his unfortunate mishaps were limited to the scrutiny of domestic critics, today…Read More... | 8 Comments
If passed as is, Finance Minister Lapid's new budget would increase the price of produce by 18 percent. VAT and sales taxes on produce are rare in the Western world because they disproportionately harm the poorest and weakest segments of society, which is exactly what Lapid's proposal stands to do. It may seem like small potatoes, but Finance Minister Yair Lapid's proposal to levy the Value Added Tax (VAT) on fruits and vegetables is one of the most harmful proposals he could make when it comes to the poor, and for public health. In 2011, 18.7 percent of Israelis did…Read More... | 4 Comments
Remember when Prime Minister Benjamin Netanyahu used a picture of a bomb while talking about Iran at the UNGA? Here's a reminder, complete with excellent memes. Today, Yesh Atid leader and Knesset Member wannabe Yair Lapid mocked the prime minister at an economic conference with a bomb of his own, detailing the tax hikes of the past two years under the Likud's rule. The middle class is exploding The tax rises on the middle class Housing prices: 37% Gas prices: 38% Water prices: 115% Electricity prices: 23% Lapid later went on to draw a red line above them all, implying…Read More... | 2 Comments
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