The rock group Depeche Mode has come and gone, and so has the Lag B’Omer wiener roast and marshmallow toast. But P.M. Bibi Netanyahu and his so-called Chancellor of the Exchequer, Yuval Steinitz, continue to sink in the financial quagmire, they seem to have created by trying to be clever with the Israeli public.
As their popularity reaches the point where they can both crawl under a snake’s belly, these two guys, especially the one supposedly in charge of the country’s purse, seem to find themselves literally pinned against the wall, from the side of public opinion.
To make matters even more pressing for Bibi and Co., the Finance Ministry’s budget planner, Ram Belinkov, announced his resignation today. Are the “rats” beginning to leave the sinking ship?
Meanwhile, talk of more firings from work places will mean even more people applying for unemployment benefits â€“ if they are even entitled to receive them.
The more affluent people will have to pay more, and those earning NS 80,000 or more per month will have to pay a higher amount of National Insurance contribution. Purchasers of luxury cars, especially gasoline guzzling SUV’s, will have to pay higher purchase taxes. But these changes won’t affect the poorer classes, who will have to pay higher prices for fruits and veggies in open air markets, due to the government asking for VAT to be paid now on all fruit and vegetable purchases. VAT will be increased one percentage point to 16.5% which will apply to all purchases, from basic commodities to cars and new real estate sales.
How the new rate of VAT , and the requirement for it being paid for stuff bought in the shuk (open air market) is going over with the people manning the stalls there, a visit by a Channel 2 news reporter got it “straight from the horse’s mouth”. One vendor, who has had a stall in the Menahem Yehuda market in Jerusalem for years, summed it up this way: “I am a loyal Likud-nick â€“ always have been. But if these changes go into affect, then all them (the Likud hierarchy) including Ruby Rivlin (the Knesset Speaker) are not welcome here”.
And we’re sure those shuk guys mean business!