Feiglin’s Fiscal Flop

Feiglin’s Fiscal Flop

Moshe Feiglin has presented a plan to encourage Palestinians living in the West Bank to emigrate.

feiglin

According to Feiglin, who is number 14 on the Likud list, each Palestinian family that agrees to emigrate would get US $500, 000 each.

According to the Palestinian Central Bureau of Statistics, there are 2.7 million Palestinians living in the West Bank.

Also according to the PCBS, the average Palestinian family is made up of 4.4 souls.

So if we divide 2.7 million by 4.4 we get 613,636 families that would each get US $500,000.

To fund that, Feiglin would thus need US $300. 068 billion.

In New Israeli Shekels that would be 11,00, 41296 [1100.4 billion] at today’s Dollar Shekel exchange rate of 3.72

However, since Israel already has a budget deficit of NIS 38 billion – more than double the planned deficit of NIS 18 billion – adding Feiglin’s 1100.4 billion could amount to a fiscal cliff of almost 1 trillion 49.4 billion shekels – assuming all the Palestinians in the West Bank agree to the proposal.

Anyone want to try crowd source that?

Or maybe Feiglin is just as kooky as some people say he is…