Wednesday, March 7, 2018

Israeli Gas Royalties Fund

The Treasury is seeking candidates for the position of manager of the newly established Fund of Gas Royalties. That means that there are gas royalties and more are expected. The model seems to be Norway, that has one trillion dollars fund from oil royalties. They are not injecting that income in the national economy, so to avoid the Dutch disease or the fatal Venezuela disease. Anyway, they are so rich that living income is assured for all citizens, and working is more or less an option. They could learn environmental or gender studies in the universities, all of them.

The prosperity in Israel is starting to be such that my competitors are rejecting projects for lack of manpower. I am paying 50% tax, and wondering if continuing working is worth my stress.

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