CartagenaWarlock

That is not the question, and it does not happen between people from two cultures who can barely communicate in their own local languages.

We have to see how this pans out eventually. It looks like a perfect solution for my friend, who was looking for ways to stay in Thailand for 6 months without leaving Thailand. Now he gets an agent-assisted retirement visa every year.

Here is a hilarious thing. A Chinese student in the USA spent close to 120K USD using his various cards and then went back to China. He then posted on social media, thanking Chase, Bank of America, American Express, and a few other banks for financing his stay in the US, and then cursed America for its imperialist agenda.

I agree with this wholeheartedly. When you pay cash, you are very alert not to spend too much. There is no impulse buying, and one would buy the absolute necessity and anything that person is going to use immediately. With credit cards, a person needs to be very disciplined.

You are right. I don't have much cash money, but banks just love to give me credit, and with 100+ credit cards, I've got close to a million dollars in available credit. Why do I need money? I live on other people's money while I keep my 3 million dollars in my 401K, IRA, and Roth.You're right, I don't walk around with cash.

or a criminal who loves cash.

The expression "cash is king" only applies to investments because when the market is down, if you don't have cash, you can't take advantage of that. In all other cases, cash is the poor peasants' or criminals' mode of transaction. The credit card is the king because: 1. Fraud protection, 2. Cash back 3. Using other people's money.

I have smoked weed even when it was illegal. I could buy from various sources. It was a chocolate man in Bangkok, Nana security guards, and some motorcycle drivers. Even during COVID, I was able to procure it, though at a hefty cost. The quality was poor, and the cost was high. I was never caught for smoking weed but I was once caught for smoking ice. I had to pay 10,000 baht and spend all night in a room adjacent to the police station, where they wanted me to tell them about the person from whom I bought it. I bought it from a chocolate man, but I kept insisting that it was a Nana lady who came to my room and we smoked together. After four hours of interrogation, I had to pay 10,000 baht.

Where did these debates take place? Thai taxes are determined by debates?

This sounds like a ridiculous use of grand proportions. They are going to track every ATM and credit card purchase and then match that with who is a resident (staying more than 180 days) and who is not. I doubt if Thailand will have that capability in the next fifty years when they cannot manage simple websites efficiently for a sustained period.

For the price of reparations for a dead body, a couple of family members can travel to Thailand and have his body cremated.

People who are desperate to live in Thailand and don't want to go back home.

Now I have to pay 7% tax on all transparent baby doll nighties for my concubines from Shein. Wow. What a financial burden on me!

Yeah their SPAXX now returns, I think 4.5%. But their ATM card is tied to their checking account, which returns a meager amount. When you transfer from their investment account (money market) to their checking account, it is not immediate because they have to sell SPAXX and can only settle at the end of the day and receive the money in your checking account the following day.

Yes, pushing from a US account to the Wise USD account is fast. My Chase Bank does it in a few hours. I have not tried CHarles Schwab yet. Let me try it by sending $10. Do you know fees and limitations of ATM withdrawal using Wise ATM card in Thailand? In my Wise USD account, I see I have a virtual card but no physical card in my possession. I usually transfer funds from my Chase account to my Charles Schwab account and then use their ATM card to withdraw funds in Thailand. But Charles Schwab pays meagre interest to hold money in their account; hence, I don't keep too much money in their account. My savings are in the WealthFront account, and my investment money is in the Fidelity account. WealthFront charges ATM fees for international transactions.