He contrasts US present--and the prospects for continued--economic problems with the economic situation in Israel:
Israel has a debt that is, according to the CIA factbook, 77% of its economy. This ratio is concerning, but not critical. The difference is that Israel has just discovered $1 trillion in natural resources off its coast. The next 15 years will see massive development of these resources and its use domestically, as well as its export to the world. Yes, Israel will probably double its debt in the next one to two decades, but her economy will grow at twice that pace. By 2025, Bezrat Hashem, the ratio of debt to GDP could be 45-50%, a very healthy number.Keep in mind that this article was written in April and is taking into account the fact that "Israel has just discovered $1 trillion in natural resources off its coast"--it is not factoring in the news about oil shale deposits in Israel that may rival the amount of oil found in Saudi Arabia.
The State of Israel will not have to print money to meet its financial obligations. It also will not have to raise taxes either. If the economy doubles, or triples in size and tax rates stay the same, then the government will see three times the money flow in to its coffers. If the government even lowers taxes say, 10-20%, in real terms, they will still see more money come in than ever before.
The motivation he is talking about is not one limited to Jews in America--the economic crunch affects everyone, and in the 21st century, the idea that Americans would work in Israel is not even a novel idea:
If you are a family in America, the best thing you could do for your future, and the future of your children is move to Israel.Read the whole thing
If you are a Jewish family, that’s exactly what you will have to do.
Today more than ever, there is a free flow of human capital throughout the globe. A citizen from Ireland, England, or France can work anywhere in Europe. America boasts millions of workers from all over the world – many of which do not have American citizenship. The opportunity for an American to work in Israel for a better life will become more enticing as time moves on.
And the irony of the whole thing is that because the impetus for this is coming from the US economy--Israel will, in part, have Obama to thank for this coming Aliyah.
That would be Barack Hussein Obama.
Hat tip: Instapundit
Technorati Tag: Israel and Aliyah.