If tyranny and oppression come to this land it will be in the guise of fighting a foreign enemy. -- James Madison
Saturday, July 23, 2011
Rich Israel Does Not Need American Foreign Aid
Libertarians and conservatives supposedly believe in very little government spending -- but many make an exception for Israel when it demands money.
One excuse for Israel, which I heard KABC-AM's John Phillips make, is that Israel needs American aid for its "very survival." If the U.S. stops subsidizing Israel (the usually cited number is 3 or 4 billion dollar a year), then Israel will cease to exist.
Yet on the Israeli website Globes, Gil Shlomo writes:
"A survey by Bregman Baraz Real Estate commissioned by 'Globes' found that Israelis were the second largest foreign buyers of US income-producing real estate in the period from July 2010-June 2011, after Canadians.... Israelis invested $1.15 billion to buy 36 income-producing properties in the US over the past 12 months, after the $4.22 billion invested by Canadians, and ahead of the $1.14 billion invested by the Swiss."
If Israel has enough private wealth to buy over a billion dollars worth of U.S. investment real estate just last year (presumably among other investments and consumer goods), then Israel can certainly afford to pay for its own defense should American cut off its welfare check.
Israel is a wealthy, high-tech, first world nation -- and a nuclear power. Israel does not need American tax money to survive. Rather, Israel wants American money (and routinely demands it, like a spoiled and petulant child) because, hey, who doesn't want free money if some sucker can be bullied into handing it over?