the op says he thinks thailand will be very rich in 30 years time. by very rich i assume he means like japan, or singapore or south korea or germany etc. i.e., first world.

 

i disagree. i believe thailand is approaching a plateau, being caught in a middle income trap. the country does not have a high enough level of education to go much further, is corrupt and not well enough run to move signifcantly beyond where it is now. thailand is not alone in this manner,  malaysia for example will also probably remain a mddle imcome economy. 

 

in order to remain competitive as a manufacturer and agro producer and tourist destination it will necessarily have to remain fairly cheap.

 

the days of price rises for thailand are approaching an end, it wont get to the levels of japan or singapore, it has an ageing population and its real estate market is a bubble propped up by foreign money.

 

 

Edited June 1, 20197 yr by morphy9999

13 hours ago, Hal65 said:

I'd guess in 30 years Thailand will be much richer than it is now. Do you guys think this will reflect in the retirement visa minimum income? Or have they/other SEA countries kept these fixed for a while to give confidence for retirees?

 

Tough call. It might but then again it might not. A hell of a lot of variables.

 

But what is for certain is that most of the people currently using a retirement visa will no longer in the land of the living to be worried about it 30 years from now.

You've quoted the economic theory and effect of 'elastic demand' , and is not accurate as 'capitalism' . Some products or sevices do not increase volumes or demand in proportion to price decreases. This is the economic theory and effect of 'inelastic demand and net revenues actually decrease in such cases. Examples are rent or car repairs or petrol. Will you rent an additional condo or do more car repairs or purposely drive more if prices incrementally drop? Not likely.

bah!  inflation is the excuse for govt theft and graft. bah! prices should go up because some neighboring countries charge more BS! - basic capitalism dictates 'cut the price and increase the volume and higher overall income'.
 
said it before, reduce or eliminate the retirement bank deposit / mthly income and the 50yr age requirements, (sure, keep the criminal background checks), welcome all retirees to come and spend in thailand. watch the income grow!

11 hours ago, marcusarelus said:

It's called inflation.  Everything, everywhere goes up including your wife's waistline. 

Humour  i tell that to my wife to 

They don't need to increase the limit. Strong baht will make it happen. 25 BHT per USD, 30 for pound and 14 for AU dollar in the next five year unless China tumbles.

Sent from my JKM-LX2 using Thailand Forum - Thaivisa mobile app

20 hours ago, scubascuba3 said:

Of course it will keep going up, the question is when and how much which no one knows

Average thai income? Is in reality 10k before tax a month. Don't look at mr google....65k net for foreigner how many western Government pensions pay that?

22 hours ago, Hal65 said:

Do you guys think this will reflect in the retirement visa minimum income?

The occasions when income and deposit requirements increased in the past happened when the baht had devalued significantly against foreign currencies. With this benchmark, there'd be no reason to increase it currently. However there's an extremely nationalistic tune being hummed in immigration right now, and in the past year they're turning the screws on retirees, so it's anyone's guess how far they might go. 

23 hours ago, scubascuba3 said:

Of course it will keep going up, the question is when and how much which no one knows

Its never gone up in the last 15yrs?

 

21 hours ago, Delight said:

 _{Expats are a cash cow for Thailand.}

_{The temptation must be to milk it for all it's worth.}

_{I sense that the recent requirement for health insurance for Non Imm O is just a test.}

_{If it succeeds in not reducing the number of applicants -then they will legislate  to  cover Visa extenders.}

_{3 year test period is my guess}

Not non-O its O-A only....

On 6/1/2019 at 9:15 AM, glegolo said:

In this country we cant even predict the reminder of THIS year, so your question is completely impossible to even waste time on...

 

RELAX...

 

glegolo

Well said. "If there is not a problem, resentment or instance of anxiety, I will create one".

It is definitely somewhere between 0% and 100%.