Tax Reform And other news
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by Gavin Wax
We have passed the most important legislation regarding tax reform today. Food taxes where changed and everyone will begin to notice to reduced prices and more offers on the market. As we continue to complete the tax reform progress more and more items will go down in price and the cost of living in eIsrael will decrease for the better of all.
We could not maintain the same backwards policies. Highly protectionist tariffs for a small country with no resources doesnt work. Prices go up competition dies as well as lack of foreign investment. This doesnt help at all. Income taxes went up slightly to make up for the difference but the decrease in import taxes will lead to creation of new jobs cheaper commodities and higher wages.
Dont let people tell you otherwise. Its most likely because they have private interests in mind not the interest of the eIsraeli People. They like the high import taxes because it keeps out competition and allows them to control the market. They are the ones driving your prices up and wages down. Dont be fooled or manipulated.
In other news 3000 NIS has been approved for the eIDF. A new eIDF org will be created to house more food and supplies for the eIDF aswell.
Am Yisrael Chai
Gavin
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Comments
אני ממש לא מבין אותך.
איך בדיוק ייבוא אמור לגרום ליותר עבודות בישראל?
U dont understand me. This is basic economics.
What I dont understand is how people can complain about food prices while demanding we maintain high protective tarrifs. You cant have both.
This will encourage more foreign investment and strengthen the eIsraeli economy in the short and long run leading to the creation of new jobs and businesses. Taxes are the base of it all. With ineffective and backwards taxes we cannot have a strong economy.
When something doesnt work you change it. Not keep the same broken thing in place to accomplish nothing.
Voted. eIsrael market is too small and our companies should turn to export. That is how you create jobs and stronger economy. Just out of curiosity, does anyone know how many eIsrael companies are export-orientated?
We have five food companies and four grain companies at least offering jobs on the Israeli market. We have plenty of jobs, but our food and weapons and moving tickets are all too expensive.
Voted, and overall I think the new tax plan will be great for eIsrael.
Progress train is coming through, jump on or GTFO of the way 😃
Woot woot!
Voted and I support the new tax system, I think it is the right direction for eIsrael.
voted.
CREATE JOBS?
I just can't stop laughing
how exactly lowering the import taxes will help?
you just create a company in a high zone and import to israel.
the only thing it will do is lowering the wages and the prices instead of raising the wages and lowering the prices.
And how exactly was the current system doing anything?
You complain about prices then when something is done to fix it you complain more.
אפשר תרגום לעברית בכתבות שאתה עושה?
הרבה ישראלים כמוני לא קוראים כתבות ארוכות בלי עברית.
So raising taxes across the board on Israeli industry and increasing their foreign competition by practically removing import taxes is going to create jobs?
What kind of foreign investment is this going to increase, and how will it create jobs or new business?
I fail to see how "basic economics" supports your argument, and I'm not sure that you have articulated any type of business case at all for thr private sector.
as i said,it depands on the order of things.i dont think the current suggestion by gavin is good eather.
raising compatition is not a bad thing-we must make sure the companies are atable at fist thou.inner compatition is good.outer compatition is waisting money.channeling power inside is good.
we must think of the delicate balancee of things-not run an allout revolution to eather side right now.
we must be carefull-and then it might wirk'if not'it wont.