Yair Lapid Quotes
Israel's middle class is paying for those below it, and that's fine, but also for those who are above it, and that's very wrong.
Lapid, Yair. Quoted in "A Political Novice Empowers Israel's Center." The New York Times, 23 Jan. 2013.
An income tax had been instituted during the Civil War but had lapsed. Existing taxes were all excise or head taxes—very regressive. Later there was a political movement to bring back the income tax with the intention of taxing all income equally. There was a titanic struggle which culminated in a Constitutional Amendment allowing the income tax. None of the original politicians, for or against, the income tax could never imagine an income tax that would charge lower rates for investment income. That was the entire purpose of the income tax at the beginning—to tax investment (unearned) income. The “capital gains tax” was the creative way of the rich getting back some of what they thought the lost when the income tax was instituted.
The crisis of inequality of income and wealth has occurred seven times in American history.
By 2015, the income inequality had gotten so bad that even billionaires were expressing alarm.
Yair Lapid is an Israeli politician and former journalist serving as chairman of the Yesh Atid party and opposition leader in the Knesset. He served as Minister of Finance from 2013 to 2014. Before entering politics in 2012, Lapid was an author, TV presenter and news anchor. The centrist Yesh Atid party, which he founded, became the second-largest party in the Knesset by winning 19 seats in its first legislative election in 2013. The greater-than-anticipated results contributed to Lapid's reputation as a leading centrist.