On its surface the bill is idiotic. Israel is a Jewish State, has always been a Jewish state, and no one ever suggested anything different. Arabs are given equal rights as a matter of common decency, as well as darchei shalom and belonging to the camp of democracy.
Note that the bill says that only Jews are entitled to self-determination. So only Jews have an uncontested right to vote. So the far-right can annex the West Bank and not give the Arabs there the right to vote, thus preventing the problem of a potential Arab majority.
There are people in the current government who are just crazy enough to try to do this. The result will be a catastrophe for Israel. The BDS people will be dancing in the streets, while Israel will be trying to figure out how to resettle at least a quarter of a million people who have been uprooted, including a large number of young people who have no idea of how to live in mainstream Israeli society. Not to mention the tremendous investment in housing, businesses and schools that will be lost.
And don’t tell me that Uncle Sam will protect us. The US can’t afford to support Israel economically all alone. We are in for a rough ride.