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The Social Term Of Kahlon As Israel's Finance Minister

Yesterday, the Knesset's Finance Committee approved a plan to limit wages in the financial sector. Now, wages in an israeli financial company are limited at NIS 2.5 million. This limit was proposed by the center-right Kulanu (Together in hebrew) Minister Moshe Kahlon. Under his mandate, many things have changed than under his predecessor Yair Lapid from center-left Yesh Atid (There is a future) party.

The first change impulsed by Moshe Kahlon was in the housing sector. Kahlon created a tax on second home and eased the real estate market to be freed from a lack of houses. Today, in every cities, more new homes have been sold like, recently, showed Central Bureau of Statistics's figures in January 2016: up 17.3% from December 2015.

To lower the cost of the living, in February 2016, the government lowered taxes on high-tech products, water and transports. On the seventh of March 2016, to create more competition, Prime Minister Benyamin Netanyahu declared war to "excessive regulation", a burden, according to him, which costs too much for the cost of the living.

Israel is entering a period of reform to end poverty. In Israel, according to the OECD, in 2010, the poverty touched 21% of the population, whereas unemployment rate is near 5% and a growth near 3% each year. Digits showed amelioration of the social politics: average salaries grew 2.3% in 2015 and tax collection rose 6% in 2016.

This Israeli War on Poverty follows papers of IMF, OECD and World Bank. Kahlon has been impulsing a movement which he used to.