Doesn't Yair Lapid know basic economics? When prices rise, demand fallls. - Comment - Israel News | Haaretz Daily Newspaper
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    • An Israeli
    • 02.05.13 | 13:31 (IDT)

    If the cost of tourism in Israel rises, fewer tourists will come here. The economy will lose jobs, and the tax revenue those jobs generate. If the costs of fresh produce rises, people will consume less of it. What will they replace it with? Cheaper processed foods comprised of sugars and refined starches. And what will that do? In the long term it will create more Israelis with metabolic syndrome, diabetes, heart disease etc, which will cost the economy in days of labor, and in the price of treating those diseases. If he wants to tax something he should raise taxes on products containing sugar, refined flours and grains, corn syrup. He could also raise taxes on electricity and gasoline and make people pay for their trash collection by weight.

    from the article: Tourists to Israel may have to start paying taxes on hotels and services
    First published 12:30 02.05.13 | Last updated 22:07 01.05.13
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