Yediot Aharonot did not read "Rich Dad, Poor Dad"

In response to the news about the anticipated $1BN tax windfall from the Iscar Metalworking Co. 80% interest sale to Buffett deal, today’s Yediot Aharonot publicized an article listing 12 ideas what to do with the $1BN.

ALL THOSE IDEAS are about spending the money in one year.

Where are the suggestions to use the money to reduce taxes and/or the national debt in various combinations?

Personally I favor the idea of using all of this windfall money to pay off government debts. This way we’ll benefit from it also in future years, by having to reserve smaller part of the yearly budget to debt payoffs (interest and capital).

Author: Omer Zak

I am deaf since birth. I played with big computers which eat punched cards and spew out printouts since age 12. Ever since they became available, I work and play with desktop size computers which eat keyboard keypresses and spew out display pixels. Among other things, I developed software which helped the deaf in Israel use the telephone network, by means of home computers equipped with modems. Several years later, I developed Hebrew localizations for some cellular phones, which helped the deaf in Israel utilize the cellular phone networks. I am interested in entrepreneurship, Science Fiction and making the world more accessible to people with disabilities.