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Longwood50

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Everything posted by Longwood50

  1. Particular business tax; In case seller possesses the property less than 5 years (Counting from day to day), they need to pay a particular business tax. However, it is exceptional for possessing over than 5 years or has the name in that house registration certificate. This tax is 3.3% calculated from the higher price of either evaluating cost or selling price. Also, the stamp duties fee is exceptional when you pay this particular business tax
  2. You know Jingthing you remind me of a quote from the Seinfeld show where Elaine said to Jerry, just when I think you are the most shallow person in the world you drain just a little more water from the pool. However with you, its your comments. Social Security could easily be set up to have the contributions "invested" in a balanced fund or perhaps just the S&P 500. Assuming a person and their employer just contributed $1,000 each year for 40 years and earned the average rate of return on the S&P 500 it would amount to 40 $1,207,188.13 $2,000.00 $130,255.60 $1,337,443.73 As to your comment about blacks Your comment shows you are truly symptomatic of the Dunning Kreuger effect thinking you know far more about subjects than you actually do. This is the average lifespan by race. I guess caucasians should feel discriminated against since they live shorter than Hispanic and much shorter than Asian. You truly have a mania about "discrimination" or what you perceive as such. I am surprised you didn't say that social security was obviously biased against gays since studies have shown that the average gay male dies 20 to 30 years sooner than the average heterosexual male. I know this will come as a shock to you but life ain't fair. Women live longer than men. Asians live the longest of the racial groups. People who smoke die on average younger. Blacks tend to be among the heaviest people by racial group and weight is a huge contributing factor to early death.
  3. What is "most" people in your mind. As I read the survey results it was 41.1% favored a 4:00 closing 41.7% a 2:00 am closing. I would hardly call that a mandate
  4. Is that any different than any governement Not to get into politics but take Donald Trump he was in office for 1 term 4 years and Biden spent 36 years in the Senate, 8 years as VP and now over 2 years as president but somehow he lays the blame on almost everything on Trump's doorstep. No politician will ever step up and take the blame for their actions
  5. No you are correct. It is really nothing but a forced taxation concealed as "contributions" A contribution is something you do voluntarily. There is nothing voluntary about your social security "contributions" If they were to ever pay you back plus any sort of market interest for the years invested, it would amount to over $1 millon for most people
  6. If it operated as originally intended there would be trillions in the Social Security Trust Fund. Look at Norway they have the largest investment fund in the world at $1.5 trillion dollars. However they government of Norway does not issue bonds, borrow the money and call it invested. The wealth fund invests in stocks around the world. It currently holds 1.4% of all of the worlds stock. With the USA it always was a Ponzi scheme. You can never have money truly invested unless you are holding some form of investment other than debt from your treasury. That was never true with Social Security. The only difference truly was when they moved it from a separate accounting to be part of the general budget. That allowed the surplus to go to the general fund where it is spent. That in truth is precious little difference other than accounting entries. Functionally it remained the same. Excess money was borrowed and spent.
  7. With respect to my comments it was not about fairness, it is about financial reality. You want people with money coming to your country and investing. Anything you do to discourage that has negatives. Like it or not, those big homes are purchased in large part by expatriates. However it is the Thai worker who builds them. You discourage the expatriate from settling in Thailand or residing here full time, the home doesn't get built and the Thai worker is unemployed. That expatriate that comes to Thailand spends money here and all of that is taxed at the 7% VAT. They stay outside of Thailand for 180 days or don't come at all and all those new taxes you thought you were getting suddenly are diminished or don't happen at all. The real questions is what is good for your economy. I am a proponent of you want your country to be the most attractive for elements you want inside your borders and the least attractive for elements you don't want. Taxing expatriates is a negative and people will take action to avoid them. The policy is truly a statement that expatriates are not welcome in Thailand As to your comment about he tax system in Thailand being targeted with the wealthy paying. Everyones tax system is supported by the wealthy. Though much maligned the top 1% of tax payers in the USA pay more income tax than the bottom 90% combined. Poor people don't have money and hence you can not get money from someone who does not have it.
  8. The USA social security system is the worlds largest Ponzi scheme. There is NO MONEY IN SOCIAL SECURITY as it is structured there can't be. 1. Money comes into the government and is earmarked as social security 2. Money then is "borrowed" and replaced with IOU's called Treasury Bonds and called "invested" - So the government owes back to the social security trust fund the money borrowed. 3. The US governement unable to pay its ongoing expenditures borrows more money to pay the interest on the bonds owed to social security 4. All the money from current workers is used to pay the benefits to retired recipients 5. This system is merely accounting smoke and mirrors. It relys totally on new cash from current workers and borrowed money. You can not loan money to yourself and call it invested. It like spending the cash in your left pocket and putting a piece of paper called an IOU in your right pocket and saying, no see I still have the money its invested.
  9. There is a basic law of economics. You subsidize things you want more of You tax things you want less of You tax things like gas guzzling cars, cigarettes, alcohol, in part to reduce the purchase of them. There is an old adage that Be Careful What You Wish For Because It May Come True About the time that there is a diminished expatriate population in Thailand and the taxi drivers, hospitals, restaurants, condo developements etc also don't have customers, only then will the politicians realize that for every action there is a reaction and in this case I suggest Thailand not the foreigner who chooses not to come will be the loser.
  10. If electric cars were truly a cost effective alternative there would be no need to actively promote them. Consumers recongizing their benefits would buy them. Instead they are being shoved down everyones throat without regard to the very real negatives that they have. Having driven in Thailand it is far from unusual to not have to traverse through flooded streets. As this couple found out you do so at your own peril. Water seeped into the battery compartment and ruined the cars battery. https://www.carexpert.com.au/car-news/scottish-couple-facing-33k-repair-bill-after-driving-tesla-in-heavy-rain
  11. I can understand people objecting to something if it impacts them. Why would I care that an establishment stays open until 4:00 am vs 2:00 am. Do I care if Makro stays open 24 hours a day or that Central decides to open until 3:00 am. I see about as much sense in limiting hours of those establishments to the law that allows alcohol sales only between 11:00 - 14:00 and after 17:00. A law passed in search of a need for it.
  12. So let me see, according to you a country should just accept getting 7000 missles launched into populated civilian areas and do nothing. I can argue both ways relative to the rightful inhabitants of Palestine. Up to 9000 years before Christ the Jews inhabited the land. They lost it. For 400 years the Ottamans ruled the area but following WWI they followed the Germans and the British took possession of the territory. In 1947 the UN with the backing of Britain gave the land to the Jews. Events in history have changed the map of all of the world for centuries. Much of the world is Muslim not by choice but by conquest. However when you have an enemy who hates you and whose own religion calls for your death, and you are attacked, I see little corelation between responding to the attack and doing what you say. What the Hell they Like around the world
  13. Which part of Hamas started this when it launched the missles confuses you.
  14. They were going to trade it for a used aircraft carrier but then they remembered they didn't have any fighter aircraft that could land or take off from a carrier. These have to be just toys for the military to play with. Should Thailand ever need to defend itself the first question would be against who and the second would be do you really believe that whatever armaments the military had here in Thailand that they would be able to defend the country against a well armed aggressor?
  15. I am a former executive who ran a division for several major USA banks that served as Trustee for coporate retirement plans. 1. If your goal is purely current income there are many stocks and even stock funds that are purely dividend driven. You will get far more return from dividends than you are getting from your bank savings account. However the principal value of the investment can and will fluctuate. If you don't care about the fluctuation since you will never cash it in, then that would be the strategy I would employ. 2. If your goal is some investment growth versus current income the prior post saying to invest in in SPX which is the S&P 500 index is an outstanding piece of advise. Over time it is virtually impossible for actively managed funds to beat the index. You will however be getting about 1.6% dividend yield versus lets say 3.28% for Exxon, 9.18% for Phillip Morris, 3. A third alternative is a mixture of the two. It is investing in the Dividend Aristocrats. They are a collection of companies that A dividend aristocrat is an S&P 500 stock that has increased its dividend every year for at least 25 years. So you get the advantage of a diversified portfolio but one focused on current income from companies with a proven track record of ever increasing dividends to keep up with inflation. If you are in Thailand you will have to open a brokerage account. If you are USA you will be able to open one and invest in either the SPX or the dividend aristocrat funds like NOBL. If I was going to do an SPX I would do it with Vanguard. Lowest Cost. If I was going to do the dividend aristocrat fund I would go with Schwab or Interactive Brokers. With the amount of money you have, I really don't think you have enough to diversity into individual stocks. Oh and if any insurance company tried to talk to you about any form of an annuity, grab your wallet and run to the quickest exit.
  16. Well let me put it this way we have criminal proceedings ongoing against 5 of them.
  17. You are absolutely correct. A population of people who objects to being occupied or controlled by another group is a recipie for constant attacks. The Romans learned that 2,000 years ago with the Jews. They finally took the only action that works. They leveled the country and banished its inhabitants. The USA like Rome has interceded in many areas around the world. The most recent lessons being Vietnam, Iraq and Afghanistan. So long as a large contingent of the indigenous population does not want you there, the land is not under control, it is merely occupied under military rule. That is not a good way to have a longstanding peaceful coexistince. You can never peacefully coexist in a land or with people who hate you and whose religion even calls for your destruction.
  18. Have a Thai company. I know it will need an annual balance sheet and P&L. Does anyone have experience with a qualified person who can preferably speak English.
  19. Peoples perceptions about others are typically a reflection of their own self image. Also is the person arrogant, or knowledgeable and self confident. As to the false sense of superiority one only feels slighted is somehow they have the self belief they are inferior. A person confident in who they are is not impacted because someone else is perhaps boastful. Large beer gut, yes I plead guilty myself. With that said, a good share of the Farang's are retirees and yes weight comes with age. Also the Thai's need to look in the mirror. Here is what the world health organization says about Thai's and weight. The World Health Organisation says nearly one third of the Thai population is now overweight and 9% of the country is obese. Malaysia currently holds the dubious honour of having the highest obesity rate in Southeast Asia – but Thailand is now in second place.
  20. Well is is said, that it is very difficult to win a reasoned argument with an intelligent person and you may as well give up having a reasoned discussion with an idiot. You have convinced me, I GIVE UP.
  21. https://www.aljazeera.com/news/2022/9/4/hamas-says-executed-5-palestinians-in-gaza
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