So your goal is another intolerant nation towards the Jews?! 'Cause that's what it will be. It will also lose major support from the world's (namely U.S.) Jewry. And the way many of the Orthadox suck on Israel's tit, where's the money going to come from so you'll don't have to work.
U.S. State Dept. 'deeply concerned' about Israel's approval of new settlement construction (Reuters)
from the article: The Sicarii of the Third Temple