How Much, in hard Cash, do you Contribute to the Thai Economy Each Year? Ex Tax.

[starky]

1 hour ago, OneMoreFarang said:

What would you think about a person in real life if he talks in detail about how much money he spends on this and that?

Well I agree I certainly don't talk in detail about what I spend but apparently even anything you say generally in a topic about how much you spend makes you a liar to some. 

[bwpage3]

6 hours ago, starky said:

Private health insurance for my family and school fees alone for me personally is over 400 000 baht a year. That's before I have a glass of water . Spending over 2 million baht a year doesn't mean I go down the shops every day and spend 7000 baht. Just because you think 6000 baht a day is a lot of money doesn't make it so lol.

400,000 a year for school and health insurance is nothing. 400,000/30 baht=$13,333 US dollars.

 

If that is your major expense what do you spend the other 1,600,000 ANNUALLY (133,333 baht a month on)?

 

According to your logic of 2,000,000 baht per year, you are spending US $66,666.66 a year to live in Thailand.

 

 

 

 

 

 

[starky]

9 minutes ago, bwpage3 said:

400,000 a year for school and health insurance is nothing. 400,000/30 baht=$13,333 US dollars.

 

If that is your major expense what do you spend the other 1,600,000 ANNUALLY (133,333 baht a month on)?

 

According to your logic of 2,000,000 baht per year, you are spending US $66,666.66 a year to live in Thailand.

 

 

 

 

 

 

400 000 is nothing? Well its a fifth of 2 million that's certainly something, and according to some more than what they would spend in a year just living here. Talk about confused what isn't nothing then? 1 miilion a year? 2?As I said damned if you do damned if you don't.

 I don't need to explain myself to you and nor am I giving a detailed account of my expenditure to some random on an anymous forum. That was just a simple example of the reason people do spend that much here. Believe me or do not that is up to yourself but yes I would easily spend that amount of money per annum. Why are you so concerned about it? Or more importantly what would I gain from lying about it?

Edited May 10, 2021 by starky

[EVENKEEL]

1 hour ago, OneMoreFarang said:

What would you think about a person in real life if he talks in detail about how much money he spends on this and that?

It's just conversation, never understood why it's so taboo to discuss money. I have 1.05 mil/yr in pension plus extra money which gets <deleted> away easily. If I had 2 mil/yr I could spend that easily as well. Or, if I was single I could be happy with 30 K/mo. It's family that costs the money.

[BritManToo]

3 minutes ago, Brierley said:

Just because that's why you came here, don't assume everyone else has the same reason, they don't.

Are you claiming not to be sleeping with the natives?

[bwpage3]

9 hours ago, ThailandRyan said:

No problems for me to shop where I want as I buy in Bulk for most things to try and save money, so thats why we shop at Makro.  We also shop at Villa here in Lumpini where we buy all of our western food stuffs to fill the pantry.  I guess 250 Thb for a box of Triscuits, 700 Baht for Johnsonville sausages, 650 Thb for Jones dairy farm breakfast sausages, 250 Thb for Krusteaz pancake mix, and so on is too much for you, but that's what the family likes to eat when they want to eat it.  We easily spend 10K a week at Villa as well.  I guess a 1500 Thb bottle of wine is to much for you as well.  The bar is also stocked with Bushmills, Glenlivet, and a few other top shelf brands. 

 

We also support a few families that live down the side sois who have fallen on hard times.  Not sure what your issue is, but something has sure soured you.  You almost sound jealous. 

 

I also own 3 houses in the US still that I rent out as well as still having a house of my own with my two paid for cars, a 2020 Acura MDX, and a 2020 Toyota 4 Runner.  Was the CEO of my own company that I shut down due to Covid.  Pay my housekeeper 20k a month, my utility expenses were averaging around 8k a month until the covid breaks were given now I am down in the 6500 Thb range. 

 

Sounds like you do not like BKK, but we do.  Prior to covid I went back and forth to the US every 4th month and then returned 10 weeks later splitting my time between the countries. Life is good, I have the coin so I spend like I want and could care less what you really think.   

The issue is if you boast back it up with facts. Then there is no issue.

 

The issue becomes when there is no facts.

 

Let us guess why such a wealthy CEO such as yourself moved to third world Thailand and not some other rich, wealthy first world retirement destination?

 

Why isn't such a rich, wealthy CEO such as yourself living ocean front in the Caribbean, Ibiza, Cannes, or some other ritzy destination? All that money could surely have bought you a western, physically fit, supermodel hotty trophy wife that could speak English? Yes? No?

 

When you try to make 8K utilities sound expensive, you are given your story away. 

 

 

 

 

 

 

 

 

[Brierley]

6 minutes ago, bwpage3 said:

400,000 a year for school and health insurance is nothing. 400,000/30 baht=$13,333 US dollars.

 

If that is your major expense what do you spend the other 1,600,000 ANNUALLY (133,333 baht a month on)?

 

According to your logic of 2,000,000 baht per year, you are spending US $66,666.66 a year to live in Thailand.

 

 

 

 

 

 

I see you think in USD, $13.3k US may be cheap for those things in the US, here, 400k per year for those things is not cheap, it's more than double the average wage.

 

THB 1.6 mill. per year is circa 133k per month/ At age 72 we spend about THB 60k a month, we have no kids and we live a fairly quiet life. It's not hard to imagine that a younger couple, with children, can easily spend 133k per month, especially if they live to a decent standard, why do you think they can't/don't?  

 

 

[Brierley]

3 minutes ago, BritManToo said:

Are you claiming not to be sleeping with the natives?

I really wouldn't go there on this point if I were you!!!

[JayClay]

2 minutes ago, bwpage3 said:

The issue is if you boast back it up with facts. Then there is no issue.

 

The issue becomes when there is no facts.

 

Let us guess why such a wealthy CEO such as yourself moved to third world Thailand and not some other rich, wealthy first world retirement destination?

 

Why isn't such a rich, wealthy CEO such as yourself living ocean front in the Caribbean, Ibiza, Cannes, or some other ritzy destination? All that money could surely have bought you a western, physically fit, supermodel hotty trophy wife that could speak English? Yes? No?

 

When you try to make 8K utilities sound expensive, you are given your story away. 

 

 

 

 

 

 

 

 

 

It's threads like this that confirm what you see in all the popular areas of Thailand. And that is that there are a lot of people here with some deep rooted issues!

 

I don't have anywhere near 2 million to spend per year, unfortunately. But I don't begrudge those who do. And I have no reason not to believe there are people around here that spend that kind of money.

 

And if I did have that kind of money, I'd be perfectly happy to spend it here. I have no interest in "buying a trophy wife in Ibiza" or any of the other places you mention. Because, believe it or not, I like it here.

[Whale]

On average its about 100k a month for me in central Bangkok. That includes Thailand travelling and accommodation.

[JayClay]

1 minute ago, bwpage3 said:

Pretty sure if you had a few 100 billion US you never would have moved to Thailand either.

 

I can't honestly answer such a hypothetical question. But if I came in to a few 100 billion US today, I wouldn't leave.

[starky]

6 minutes ago, JayClay said:

 

I can't honestly answer such a hypothetical question. But if I came in to a few 100 billion US today, I wouldn't leave.

But but you would have to no one wants to live in Thailand that has a decent disposable income. Your all liars I say liars. None of it is true Elon Musk, Ibiza Cannes, trophy wife,  100 billion. Can't you see? It's all so clear ????????????????

Edited May 10, 2021 by starky

[BritManToo]

Just now, JayClay said:

I can't honestly answer such a hypothetical question. But if I came in to a few 100 billion US today, I wouldn't leave.

I'd be gone in 60 seconds!

[JayClay]

1 minute ago, BritManToo said:

I'd be gone in 60 seconds!

Good for you

[BritManToo]

Just now, starky said:

But but you would have to no one wants to live in Thailand that has a decent disposable income. Your all liars I say liars. None of it is true Elon Musk, Ibiza Cannes, trophy wife,  100 billion. Can't you see? It's all so clear ????????????????

I have a decent disposable income, but I can't equate 'decent' to '$100 billion', they're a world apart.

[starky]

4 minutes ago, BritManToo said:

I have a decent disposable income, but I can't equate 'decent' to '$100 billion', they're a world apart.

Yes. Yes they are. Bravo. You do understand the context of my response . People saying they are spending a couple million baht a year and being called liars by some random who is off on a tangent about Elon Musk and 100 billion and why would you live here if you had more than 70k US a year to spend.

  Just to spell it out I wasn't suggesting 100 billion is a decent income hope that clears things up for you ????

Edited May 10, 2021 by starky

[ThailandRyan]

18 minutes ago, bwpage3 said:

The issue is if you boast back it up with facts. Then there is no issue.

 

The issue becomes when there is no facts.

 

Let us guess why such a wealthy CEO such as yourself moved to third world Thailand and not some other rich, wealthy first world retirement destination?

 

Why isn't such a rich, wealthy CEO such as yourself living ocean front in the Caribbean, Ibiza, Cannes, or some other ritzy destination? All that money could surely have bought you a western, physically fit, supermodel hotty trophy wife that could speak English? Yes? No?

 

When you try to make 8K utilities sound expensive, you are given your story away. 

 

 

 

 

 

 

 

 

Hilarious you are.  I live here because I can and want to, its also the center for traveling for pleasure and for the work in the places I was going to for contract jobs we did do.  I don't have to prove anything to you, I stated facts and if you can not buy it then so be it, as you asked for proof and I gave you examples, and yet you still want my finances as proof for you to examine in great detail.  Starting to sound like a witch hunt to me. 8k in electricity is an average, and people screamed that that was a considerable amount on another forum.  If you can afford the same then so be it.  I have not attacked you, but you have attacked me.  It does not matter what the OP is about you always seem to try and slam everything and anything I write.  Agree to Disagree and log out if you don't like it.  To continually drone on and on is the true sign you enjoy baiting people.  Adios Amigo.  

[bwpage3]

19 minutes ago, starky said:

400 000 is nothing? Well its a fifth of 2 million that's certainly something, and according to some more than what they would spend in a year just living here. Talk about confused what isn't nothing then? 1 miilion a year? 2?As I said damned if you do damned if you don't.

 I don't need to explain myself to you and nor am I giving a detailed account of my expenditure to some random on an anymous forum. That was just a simple example of the reason people do spend that much here. Believe me or do not that is up to yourself but yes I would easily spend that amount of money per annum. Why are you so concerned about it? Or more importantly what would I gain from lying about it?

1 year of US college tuition at an average school can run US $45,000+ for 1 year. Now if you compare an international school in Thailand being the best to Ivy League colleges in the USA being the best, do the math, it is indeed nothing.

 

Don't you find it odd, of all the posts, NOT one person has any facts. The excuse I don't have to post facts blah blah blah

 

Posting facts is the evidence if you really want to prove your telling the truth.

 

If you don't want to prove it, then really you can post anything you want, like the poster spending 3,000,000 in Isaan with no girls or booze.

 

Pretty sure 99% of all the people on this entire forum moved to THAILAND because they SIMPLY could not afford to live in their own country?

 

Did you forget the huge post of lots of folks living on 30,000 a month? Or the need to use a VISA agent because you moved all the way to Thailand and you don't even have 800K baht to your name? Or having to work as an English teacher the rest of your life in an ungrateful, low paid, education system? Or the reason you moved to Thailand in the first place? Oh, yes! The weather! The 100f+days with 90% humidity, the Monsoon rainy reason for 6 months and the lovely floods and droughts? Wonderful.

 

Did you grow up dreaming about Thailand when you were a boy? Or you made it all the way to retirement age and finally figured out you didn't plan well enough or earn enough to retire in your own country or somewhere even nicer?

 

I honestly don't have any concerns, however, in the world we live full of fake news and social media, having some facts can be very discerning to getting to the truth. If nothing is the truth, how can anyone really learn anything?

 

 

 

 

 

 

 

 

[BritManToo]

Just now, bwpage3 said:

Pretty sure 99% of all the people on this entire forum moved to THAILAND because they SIMPLY could not afford to live in their own country?

I'm fairly sure 99% of all people on this entire forum ....... moved here for the cheap sex with younger women.

(no matter how much they protest)

[starky]

10 minutes ago, bwpage3 said:

1 year of US college tuition at an average school can run US $45,000+ for 1 year. Now if you compare an international school in Thailand being the best to Ivy League colleges in the USA being the best, do the math, it is indeed nothing.

 

Don't you find it odd, of all the posts, NOT one person has any facts. The excuse I don't have to post facts blah blah blah

 

Posting facts is the evidence if you really want to prove your telling the truth.

 

If you don't want to prove it, then really you can post anything you want, like the poster spending 3,000,000 in Isaan with no girls or booze.

 

Pretty sure 99% of all the people on this entire forum moved to THAILAND because they SIMPLY could not afford to live in their own country?

 

Did you forget the huge post of lots of folks living on 30,000 a month? Or the need to use a VISA agent because you moved all the way to Thailand and you don't even have 800K baht to your name? Or having to work as an English teacher the rest of your life in an ungrateful, low paid, education system? Or the reason you moved to Thailand in the first place? Oh, yes! The weather! The 100f+days with 90% humidity, the Monsoon rainy reason for 6 months and the lovely floods and droughts? Wonderful.

 

Did you grow up dreaming about Thailand when you were a boy? Or you made it all the way to retirement age and finally figured out you didn't plan well enough or earn enough to retire in your own country or somewhere even nicer?

 

I honestly don't have any concerns, however, in the world we live full of fake news and social media, having some facts can be very discerning to getting to the truth. If nothing is the truth, how can anyone really learn anything?

 

 

 

 

 

 

 

 

Sounds like you really don't like it here mate. Now best be off have a bex and a lie down. I can fully understand why no one would want to post any "proof" to you. To be honest you seem quite upset about other peoples spending capabilities or are just angry at the world. Are you trapped here poor fellow. As for the rest can't understand any of it. I make triple your 66k US a year in my work. So why wouldn't I spend at least that much here. Now what? Would you like me to post a pay slip and my tax return because I wont be doing that either! and I'm 20 years away from retiring. Just because a lot of people live here on 30k baht a month does NOT mean people like myself are not spending 150- 200k baht a month. Most of what your saying is ridiculous to be brutally honest. 

 99% of foreigners who live here are poor? Maybe in your circle of friends champ.

Edited May 10, 2021 by starky

[HampiK]

What I see special in this topic is, that the OP ask for Thai economy. For myself this would be much less than my yearly spendings.
Insurance for example would not count (as this is not a Thai company). Then in normal years when go out of Thailand for some short trips this would also not count.
But I guess it's easy to spend 2 million or much more if you really have that much money. 

Here we have people they live on 20K per month and others they would feel unhappy with 500K per month. It's really easy to spend more money! Only go eat out at a good western restaurant and you easily can spend 5-10K per dinner or much more if you also like good wines. Is this important.. for some yes for others they not even think on that!

I have a friend he not care on food. Food for him is only something which make his stomach full. Another friend for him eating is celebrating. 

 

When you go online and search for "condo rent Bangkok", then it's easy to find condos to pay rent more than 300K per month! Would I like to stay in that (I think this would be too big, but if I have enough to spend 2 million per month I also would not care to spend 300K on rent!!!). You never can compare your lifestyle with others. 

Then there are for sure some foreigners who have the money to buy a new expensive car every year. But there are a lot of foreigners who not need that much. As I said not everyone is the same. 

 

[BritManToo]

Just now, bwpage3 said:

Wealthy people would never ever mention or worry about an 8K bill or shopping at Makro, which by the way, you did, post an entirely different amount of your grocery bill on another post, so that in itself is evidence you are making things up as you go. You posted 2 different amounts, no one did that but you.

 

Wealthy people,

I currently only know one wealthy couple (Thai), they live in a 100Mbht teak house (I find it uncomfortable), she stopped having sex with him 10 years back (he pays Karaoke girls 10kbht a go). Nice couple but very unhappy.

I did know several wealthy people in the UK, they weren't all that happy with their lives or their wealth either.

 

In fact I'd go as far to as to say they seem typical wealthy people to me, they're as unhappy as Johnny Depp, Steve Bezos, Bill Gates ........ I just don't see the wealthy as generally happy people. 

[PGSan]

13 hours ago, kynikoi said:

I'll crack it open at 62-65.

What does this mean?

[PGSan]

13 hours ago, ThailandRyan said:

Average Electric and water bill per month is around 6500 Thb

Wow!!  Double wow!  For what kind of multi-tenanted palace is that? 

[Somtamnication]

I live here with my Thai family. How does 100% sound?

[PGSan]

Do the head doctors have a word for this disease of needing to constantly tell others how you spend enormous amounts of money! 

[ThailandRyan]

8 minutes ago, PGSan said:

Wow!!  Double wow!  For what kind of multi-tenanted palace is that? 

A 186 sqm 3 bedroom condo, average before the Covid breaks given at 8k a month.  Keep it at 28c now, sleeping room at 24 at night.  Easy to do.  We only cool the rooms we use, bedrooms during the day are shut down with the blackout curtains closed, living room and Kitchen during the day is the only place we run them during the day, when we are here.  Most of the time we are out.

[ICELANDMAN]

13 hours ago, Pilotman said:

well supporting two families and 4 businesses helps. 

 

Someone  think your are Santa Claus every day.

[Pilotman]

7 hours ago, Patong2021 said:

This reads to me like another subject how important a person thinks he is because he spends. Sad to say, but it is delusion and embarrassing because it leaks self importance and disconnect from reality. Statement will read rude to some, but it is the cruel truth: Governments do not care about small spend farang and do not want them.

 

Ok, so someone spends 1,000,000 baht in a year. So what? If you think 1 million baht or even 3 million baht is special, you are wrong.  Look at the financial reality please. Let’s start with this;

 

1. What is 1,000,000 baht?

It is approximately.

-USD $32,000    AUD $41,000  GBP  £23,000  Euro  €26,000

As is obvious, 1 million baht is nothing special. Even at 3X this, it is still nothing special.

 

2. What does Google show typical household spend is?

USA- USD $63,000, Australia - AUD $74,000  UK - £30,571     EU (Belgium) €52,000

Why would someone think that spending 1 or 3 or 5 million baht a year, is noteworthy?  Does farang government make celebration  when someone spends average household spend? I do not think so.

 

3. What is cheapest  investment visa?

USA EB% - $900,000, Australia AUD $1,500,000   UK £2,000,000   Belgium €200,000

I mention this because OP makes like his spend his spend is spectacular, like it is a big investment in Thailand.  It does not come close to what foreigner is expected to spend elsewhere to be investor class.  

 

However, what really makes the shock for me is the inability to understand that small spend foreigner does not do much to benefit local society. The presence is not an infrastructure investment that creates large number of good paying jobs. It is spending on goods and services that typically result in zero net benefit to Thailand.

Thailand does not benefit long term because foreign resident buy chicken or beer or laundry soap. The small profit made on purchases of services is offset by the cost of the foreigner presence. There is cost to the pollution and carbon footprint of the foreigner.

Oh yes,  someone will say, but  typical Somchai make less than the small spend farang. Yes, this is true, but the poor Thai has purpose and that is to work for the Thais who make tens of millions of baht in a year. Small spend farang does not work in shop or factory or clean floor. The small spend farang does not work building economy or providing valuable service and is not really contributing. Thailand has millions of people who cost more than they bring but they are needed to serve those who have power/money.  Every country has this. However, a country does not need foreigners who do non contribution.

 

At best, a smaller spend foreign resident may push into area of society break even or small incremental gain. Nothing to make the jump for joy.  The foreigners who matter most are those who come short term or even 2-4 months. The short term “millionaires” are the ideal visitors because they spend much more than they cost. And they create the jobs in tourism. The short term tourists have big spend per period they are in Thailand.

Unless the long term stay foreigner has ongoing investments and large spend, then the person is not as valuable as other class of visitor or longer stay resident like foreign company representative that pays big taxes and gives  many jobs to Thai. 

 

The reality for small spend farang is not much different for a foreigner in western countries. 

As the OP, it actually started out on the issue of visa extensions against money in the bank.  It has been a bit side tracked, as things often are on here, but my thought was to tie extensions to how much cash is injected into the economy directly by the person concerned.  It was actually a comment about immigration rules, not about perceived or actual wealth.  I probably didn't make that clear enough at the start. But its been entertaining reading some of the answers, so as a Sunday topic, it served its purpose. 

[PGSan]

1 hour ago, BritManToo said:

I've had virgins

So now you have had it with virgins?  

 

We really do not want to know about any of this.