Where Bituach Leumi Money Goes and Goes and Goes…
An excerpt from a recent article by Moshe Feiglin:
Social Security is the most draconian tax that exists in Israel. The first thing that every person has to do after he finishes his army service is to begin paying Social Security. Where does the Social Security money go? Does it accrue interest in some account of the Social Security Company? Do they buy gold with it? Do they invest in the international stock market?
More than 80% of this money simply goes to the government budget. It is a head tax. Of the 100% of funds collected by Social Security, less than 20% returns to the citizens. Of this less than 20%, approximately 60% goes to the Arab sector, whereas the collection from that sector is approximately 5%.
Continue reading the original article here.