General David Zini being pinned with his new rank by IDF Chief of Staff Herzi Halevi and his father Rav Yosef Zini (a Rosh Yeshiva in Ashdod)

------------------------------------------------------
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

------------------------------------------------------

------------------------------------------------------
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

------------------------------------------------------

Smotritch said "I consider it very reasonable to levy taxes at a very high level on these very high profits, especially in order to prevent the banks from having the motivation to achieve them, and to cause them to pass some of those profits back to the public using tools available to them..". Smotritch explains that they should cut their unreasonable profits somewhat by paying out a higher interest rate to savings accounts as well, and the high tax on these profits would encourage that as banks would pay out the higher rates in order to be obligated in paying less tax.

The banks are pigs. Or how did the old saying go? Pigs get fat and hogs get slaughtered. They are a fine line away, if they didnt cross it already, from being hogs with the people's money, and the people have no choice but to continue using the banks. I have no problem with Smotritch slapping them with a massive tax. I just worry it might not solve the problem.

Smotritch thinks that if he slaps them with a massive tax they will pass on some of their profits back to the public in order to cut the profit form the bottom line and avoid the tax. Personally I think it is more likely they will cover their tax by increasing their already unreasonable fees they charge customers for every time they breathe in the vicinity of a bank. Smotritch says slapping them with this high tax will motivate them to pass it back to the public. I think it will too, but not in the same way he is thinking. The banks will just add their charges on customers to cover the tax.

I think a better move, maybe in tandem, would be to open the banking market to more banks. More competition means better rates and the public benefits.

------------------------------------------------------
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

------------------------------------------------------

------------------------------------------------------
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

------------------------------------------------------

  -- Minister in the Education Ministry, Chaim Biton

this is amazing. Besides for the blatant lie as there are plenty of studies from all around the world including Israel that prove that on average educated people are more successful in earning a living (yes, we all know stories of people without classic education who became wealthy, but we are talking about "on average", not the exceptions or the individuals), it is amazing that a minister int he education ministry can openly talk about there being no need for education...

He should have just stuck to the normal Haredi talking points that even if it helps, we dont care, it is our right to educate our children how we want, for pure unadulterated torah studies and future parnasa is not high on our list of priorities..

------------------------------------------------------
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

------------------------------------------------------

------------------------------------------------------
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

------------------------------------------------------

------------------------------------------------------
Reach thousands of readers with your ad by advertising on Life in Israel

------------------------------------------------------

  -- Justice Minister Yariv Levin