web analytics
February 1, 2015 / 12 Shevat, 5775
 
At a Glance
News & Views
Sponsored Post


Haredi Tycoons Raising $100 Million to Replace Lapid’s Budget Cuts

Lapid is beginning to smell like a rose thanks to Haredi tycoons. He is taking yeshivas off the government dole and balancing the budget. How will yeshivas survive? The tycoons have an answer - money.
Ultra Orthodox Jewish youths studying religious texts at a Yeshiva in Jerusalem

Ultra Orthodox Jewish youths studying religious texts at a Yeshiva in Jerusalem
Photo Credit: Flash 90

Haredi tycoons are organizing to fill a $100 million gap for yeshivas following Finance Minister Yair Lapid’s elimination of the same amount of money that yeshivas have been receiving from taxpayers.

The Mishpacha magazine called the tycoon’s fund-raising campaign “a Lapid bypass plan “to help the world of the Torah get through the years of distress with a minimum of harm.”

If it works, everyone wins: The budget will come closer to being in the black, pardon the expression; the vast majority of Israelis will be relieved of blatant government purchases of Haredi votes in return for funding for yeshivas; the Haredi community will be more self-dependent; Torah study can continue; and perhaps the Hardy tycoons that men registered at yeshiva actually learn and do not simply pocket money to sit at home.

Wealthy Haredi businessmen are setting up a special $100 million fund in the next several weeks, according to Mishpacha.

Many of the rich Haredim already have committed large sums of money to replenish the bank accounts of yeshivas and to guarantee income to Torah students.

Another objective is to help encourage employment that is consistent to the Haredi lifestyle, similar to the Agudah communities in the United States.

There is also an initiative to foster employment and training of Haredi women in jobs consistent with the Haredi way of life.

However, the Haredi community has not given up on hopes of going back to the days of government handouts.

It hopes that after the fund runs for approximately 18 months, “the government will be replaced by a government more congenial to the Haredi public,” according to the magazine.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Haredi Tycoons Raising $100 Million to Replace Lapid’s Budget Cuts”

  1. Anonymous says:

    Why do we have tuition crisis?

  2. Anonymous says:

    MIRACULOUS how revenues appear the minute the umbilical cord is cut. If the Haredi community has Tycoons , WHY should the Israeli tax payer have to support their lifestyle.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Handout photo of texted message sent by a fearful Christopher Cramer from Saudi Arabia before his death.
Saudis Hold Body of U.S. Elbit Subcontractor After Mysterious Death in Tabuk
Latest News Stories
Handout photo of texted message sent by a fearful Christopher Cramer from Saudi Arabia before his death.

A U.S. defense subcontractor for Elbit died mysteriously in Saudi Arabia on Jan 15. His body’s still held there.

IDF soldiers returning from Gaza in August 2014.

The IDF is working on how to lighten the load that must be carried by ground troops into battle.

Historic Jewish U.S. Civil War period restaurant tokens.

Two rare 150-year-old tokens issued by a kosher restaurant from the U.S. civil war period are to be shown this week in Jerusalem.

Jeremy Bird, working for Israeli campaign outfit V15, shown at Ted Talk, May 20, 2014.

Likud party members charge opponents with receiving illicit funds and violating Israeli election laws.

A bust depicting former Israeli president Shimon Peres was placed next to sculptures of the former eight presidents in the garden of the President’s residence in Jerusalem, on February 01, 2015.

An IDF soldier is lightly wounded and an Egged bus damaged in an Arab rock attack in Jerusalem’s Old City.

Nursery and kindergarten teachers in Efrat learn self-defense techniques but hope they won’t need them.

The Prime Minister has declared Orbach temporarily absent from the Knesset for medical reasons.

Avigdor Liberman finally declared his political allegiances without the semantic games and ambiguity.

Another Israeli Arab falls into the ISIS trap, runs off to Syria and then comes home to be arrested.

Anti-Semitism is alive and well — and thriving — in London. It will get a boost on March 22, 2015.

Many families enjoy watching the Super Bowl together, but the halftime show makes them uncomfortable. This is a family friendly entertainment venue that can be enjoyed by everyone.

Fatah are big talkers, but you don’t see Arabs in the Palestinian Authority going without their Israeli products.

Carl Djerassi’s research led to the invention of oral birth control pills.

The US promptly condemned the “vicious” beheading of Japanese journalist Kenji Goto on Saturday, noting its “own experience” with “this pain.”

The Washington Post reports the CIA and Mossad collaborated on the 2007 murder in Damascus of the Hezbollah terror group’s No. 2 leader.

More Articles from Tzvi Ben-Gedalyahu
Children learn how to shoot rifles to kill Jews.

Maybe, just maybe, the new generation of terrorists will one day turn their guns on their oppressors in Gaza.

You are looking at an "armed insurgent" and not a terrorist, according to the White House.

The White House explains that Taliban is not a terrorist group — it is an “armed insurgency.”

The US in November stopped funding a left-wing group that is helping to campaign against Netanyahu

Super Bowl viewers will have to get along with Scarlett Johansson this year.

Cruz and New York Rep. Zeldin complained to Kerry of Obama’s “relentless harassment.”

National religious voters favoring the new Yachad party headed by Eli Yishai may be wasting their votes.

Hezbollah is a terrorist group and terrorist party, but most and worst of all, it is a huge and powerful army.

Lieberman’s issues a disproportionate response to polls that show his party will barely squeeze into the Knesset.

Printed from: http://www.jewishpress.com/news/haredi-tycoons-rising-100-million-to-replace-lapids-budget-cuts/2013/05/21/

Scan this QR code to visit this page online: