Balad’s platform and policies on Economic Issues

the Economy › Minimum Wage

Should the government raise the national minimum wage?

B>B ChatGPTYes, and adjust it every year according to inflation

the Economy › Taxes

Should Israel raise taxes on the rich?

B>B ChatGPTYes

the Economy › Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

B>B ChatGPTNo, reduce military spending instead

the Economy › VAT Rates

Should VAT rates be increased or decreased?

B>B ChatGPTDecrease, but only on food and medicine

the Economy › Labor Unions

Do you believe labor unions help or hurt the economy?

B>B ChatGPTHelp

the Economy › Universal Basic Income

Do you support a universal basic income program?

B>B ChatGPTYes, everyone should receive an income to cover basic necessities including food and housing

the Economy › Corporate Tax

Should Israel raise or lower the tax rate for corporations?

B>B ChatGPTIncrease for large multinational corporations but lower for small businesses

the Economy › Inheritance Tax

Should Israel abolish the inheritance tax?

B>B ChatGPTNo, reform so the tax rate is based on the wealth of the recipient rather than the deceased

the Economy › Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

B>B ChatGPTYes, but in the form of assisting sectors most heavily hit by the recession

the Economy › Welfare Drug Testing

Should welfare recipients be tested for drugs?

B>B ChatGPTNo, this is a waste of time and money

the Economy › Offshore Banking

Should Israeli citizens be allowed to save or invest their money in offshore bank accounts?

B>B ChatGPTNo, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

the Economy › Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

B>B ChatGPTYes, and drastically increase taxes and import tariffs on outsourcing businesses

the Economy › Government Pensions

Should pension payments be increased for retired government workers?

B>B ChatGPTYes, adjust them yearly for cost of living

the Economy › Tech Monopolies

Should the government break up Amazon, Facebook and Google?

B>B ChatGPTNo

the Economy › Welfare

Should there be fewer or more restrictions on current welfare benefits?

B>B ChatGPTFewer

the Economy › Bonus Cap

Should bankers’ bonuses be capped at 100% of their pay?

B>B ChatGPTYes, and nationalise the banks

the Economy › State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

B>B ChatGPTYes, the government should receive equity for any financial aid they provide to companies

the Economy › Decentralized Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

B>B ChatGPTYes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

the Economy › Gig worker tax reporting

Should online payment platforms be forced to report all transactions over $600 to the IRS?

B>B ChatGPTNo, unless the transaction is considered income

the Economy › Surcharge Ban

Should the government ban surcharges tacked onto concert tickets, cable bills, banking services, hotel bookings and other purchases?

B>B ChatGPTYes, all costs for a service should be included in the final purchase price

the Economy › Stock Buybacks

Should the government tax stock buybacks?

B>B ChatGPTYes, but I would prefer if they were banned

Balad Party

Balad’s policies on economic issues

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