First...I do not believe your an American or a taxpayer thereof.
Facts are a bitch when your as out of tune with reality as you obviously are.. you need to get out and check out your neighbor if you can get by security.
I know this is going to hurt so try relaxing before you read the last sentence.
Economy of Israel
From Wikipedia, the free encyclopedia
The economy of Israel is a diversified market economy with substantial state ownership and a rapidly developing high-tech sector. Poor in natural resources, Israel depends on imports of petroleum, coal, food, uncut diamonds, other production inputs, and military equipment. In May 2007, Israel was invited to join the OECD.[2]
The country's GDP (Purchasing power parity) in 2006 reached $195 billion according to the International Monetary Fund or $179 billion according to the World Bank (see List of countries by GDP (PPP)). GDP per capita has been $31,767 according to the International Monetary Fund in 2007 or $26,200 in 2006 according to the CIA World Factbook. The economy grew by 8% in the last quarter of 2006, faster than any of its Western counterparts.[3]
The major industrial sectors include metal products, electronic and biomedical equipment, processed foods, chemicals, and transport equipment. Israel possesses a substantial service sector and the Israel diamond industry is one of the world's centers for diamond cutting and polishing. It is also a world leader in software development and is a major tourist destination. In 1998, Tel Aviv was named by Newsweek as one of the ten most technologically influential cities in the world.[4] American billionaires and business tycoons including Bill Gates, Warren Buffett, and Donald Trump have each praised Israel’s economic environment,[5] and the country was the destination for Berkshire Hathaway's first investment outside of the USA when it purchased ISCAR Metalworking, and the first R&D Centers outside the USA for companies including Intel and Microsoft. The country has now become known as Silicon Wadi.
Israel has signed free trade agreements with the European Union, the United States, the European Free Trade Association, Turkey, Mexico, Canada, Jordan, Egypt, and on 18 December 2007, became the first non-Latin American country to sign a free trade agreement with the Mercosur trade bloc.[6][7]
Israel also enjoys the availability of $3.148 billion in U.S. loan guarantees, whose conditions are negotiated each year at the U.S.-Israel Joint Economic Development Group (JEDG), if needed to help support government bond sales, though in recent years Israel has opted not to use this facility.
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