Not true, they live under a separate form of apartheid according to the UN, Amnesty, HRW and B'tselem.Israeli Arabs have as much rights as Jewish citizens of Israel except they don't get drafted in the army.
Can you imagine what an advantage it is for your career not to waste 3 years of your youth in the army? I say they got a pretty sweet deal.
They have no right to self determination, no right of return, restrictive marriage laws and multiple other legal differences.
Read the reports.