Michael Ben-Gad
ON THE RECORD · 6 verbatim quotes · every quote source-verified
“The only one who mentions the economy is [Democrats leader, Yair] Golan, but when he does he’s typically talking about the cost of living and reducing the wealth gap, rather than taxation.”
Michael Ben-Gad · said date not stated · reported 2026-08-23
Michael Ben-Gad noted that political mentions of the economy focus on the cost of living rather than taxation.
“No one is really talking about the cost of that,”
Michael Ben-Gad · said date not stated · reported 2026-08-23
Michael Ben-Gad observed that politicians are ignoring the cost of projected defence spending.
“The long term projection for Israel’s debt [to GDP percentage] fluctuates between around 67 percent and 70 percent [compared to around 60 percent before October 2023], which is concerning,”
Michael Ben-Gad · said date not stated · reported 2026-08-23
Michael Ben-Gad discussed concerning long-term projections for Israel's debt-to-GDP ratio.
“It needs to be capped, which it normally would be outside of an emergency,”
Michael Ben-Gad · said date not stated · reported 2026-08-23
Michael Ben-Gad stated that government borrowing needs to be capped.
“As a result of the war it has been climbing, and the higher defence spending that is planned implies it will carry on growing unless we see higher taxes or cuts in civilian spending,”
Michael Ben-Gad · said date not stated · reported 2026-08-23
Michael Ben-Gad explained that Israel's debt will continue to grow without tax hikes or spending cuts.
“but is also generating more and more export revenue, especially for anti-missile defence”
Michael Ben-Gad · said date not stated · reported 2026-08-23
Michael Ben-Gad described how Israel's defence sector is generating export revenue.