But the government has a plan to fix the economy. The government needs cash to pay the unemployed and get through this, but they can't really raise taxes. They have come up with a plan to issue "Corona Bonds" - the people of Israel will have to buy these bonds, thereby lending the Israeli government money, which will be paid back over time, with interest and adjusted for cost of living, when the bonds come due.
source: News13
The only problem I see with this program is that they think the public has money to lend the government. The problem is caused by so many losing their jobs, so many people being forced to close their businesses, etc.. where is the public going to get the money to pay for this when so many have no idea how they will get through the crisis and continue putting food on the table and paying the rent and their bills?
------------------------------------------------------
Reach thousands of readers with your ad by advertising on Life in Israel
Reach thousands of readers with your ad by advertising on Life in Israel
------------------------------------------------------
No comments:
Post a Comment