10,000-Baht Digital Wallet For Each Thai Pledged In Pheu Thai Campaign

[VinnieK]

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Edited April 6, 2023 by VinnieK

[statman78]

Definite vote buying but not much different than what happens in other countries where politicians promise money to certain groups.

 

Looking up the information, Thailand has approximately 58 million people over the age of 16.  This would cost 580 billion baht.  According to the big Bangkok newspaper, the fiscal 2024 Thai budget is 3.35 trillion baht with a deficit of 593 billion baht with the deficit being about 3% of GDP.  This giveaway almost doubles the deficit.  

[Liverpool Lou]

4 hours ago, JayClay said:

How does that compare to the total amount of tax collected by the treasury each year?

B2.5tn in first 10 months of '22.   More than enough to cover their empty promises!

[h90]

2 hours ago, StayinThailand2much said:

That’s right. My bet is on higher VAT and import taxes (e.g. for imported food items), so who would not benefit but asked to pay? That’s right...

VAT I doubt.....More deficit, higher electric costs, higher post, water, etc (all state owned) maybe higher tax on alcohol.

[h90]

4 minutes ago, statman78 said:

Definite vote buying but not much different than what happens in other countries where politicians promise money to certain groups.

 

Looking up the information, Thailand has approximately 58 million people over the age of 16.  This would cost 580 billion baht.  According to the big Bangkok newspaper, the fiscal 2024 Thai budget is 3.35 trillion baht with a deficit of 593 billion baht with the deficit being about 3% of GDP.  This giveaway almost doubles the deficit.  

elections are advanced auctions of stolen goods....

[h90]

3 hours ago, Fat is a type of crazy said:

Good policy. This country is one of the most inequitable in terms of distribution of income. Happy to see some funds going to everyday people. Help local business. 

Yes as history proofs again and again how good these socialist policies work. You can't make everyone rich, but you can make every rich poor.

[OneMoreFarang]

38 minutes ago, NoshowJones said:

If I was a Thai, all I would want to do is be able to make sure that whichever party "wins" this election, that there will be no soldiers or anyone with any connections to the military, involved with them what so ever.

Why?

Is it better to be controlled by greedy corrupt business families? 

[h90]

2 hours ago, Caldera said:

Brilliant idea, that should attract quite some voters (based on past performances). ????

Works.....hand out like there is no tomorrow win elections, when everything falls apart the opposition wins, after they repaired the budget the previous politician can boost how much better it was all under his rule, get elected again and bankrupt the country again.
Solution is to be a big country or join together like the European Union. Than you can print money for a 20 years till everything collapse, so the responsible people are long retired

[NoshowJones]

3 minutes ago, OneMoreFarang said:

Why?

Is it better to be controlled by greedy corrupt business families? 

The answer is a straight yes because in the UK, definitely, and probably all the other Western Country's governments are also greedy and corrupt, the same as Thaksin, but they were at least voted into power in a general election. do you really want any future Thai government with any military involvement?

 

[nahkit]

4 hours ago, madmitch said:

I just wonder whether Pheu Thai may have shot themselves in the foot with this blatantly populist policy, which, as many have stated, is nothing but blatant vote buying, a ridiculous policy as the already rich would also qualify.

 

Fully expecting a complaint from other parties and possible request for party disslolution.

Don't hold your breath on that one, on the way into our village there are posters from other parties all offering varying amounts.

[OneMoreFarang]

13 minutes ago, NoshowJones said:

The answer is a straight yes because in the UK, definitely, and probably all the other Western Country's governments are also greedy and corrupt, the same as Thaksin, but they were at least voted into power in a general election. do you really want any future Thai government with any military involvement?

 

I want a competent honest government. But it seems that is not what the majority of Thai people want. 

And looking at this forum it seems lots of farangs also want that criminal fugitive back. Strange.

[teacherofwoe]

I've been wondering for a while now how Klaus Schwab would start a cashless society and fifteen minute cities in Thailand. 

[FritsSikkink]

5 hours ago, flexomike said:

lets just say 40 million Thais are 16 or over, this would be 400,000,000,000 baht , about 12,000,000,000 US dollars, no small amount,

55 million Thais, so even more: people above 15 in thailand - Search (bing.com)

[FritsSikkink]

4 hours ago, phetphet said:

Where will they get this digital wallet? From an app store? Only online?

Will it be free to download?

How will shops be able to accept this digital money and convert  into real money?

Will they need to register?

Will they have to have special terminals installed?

Will they charge a %age for the service?

How will they prevent someone spending it more than 4Kms from their registered house?

 

 

 

There is already a Welfare card that works.

[NoshowJones]

27 minutes ago, OneMoreFarang said:

I want a competent honest government. But it seems that is not what the majority of Thai people want. 

And looking at this forum it seems lots of farangs also want that criminal fugitive back. Strange.

Mate, you are not going to get a competent and honest government. I imagine all the Thai's and farangs here would want that too. Personally I would just take a democratically elected government, Thaksin, his sister, daughter, anyone you want to name, just not one with any military influence.

[billd766]

4 hours ago, h90 said:

yes and after they get banned again from elections they say it is the evil military dictatorship that bans them.....

And they would be correct once again.

[billd766]

1 hour ago, h90 said:

VAT I doubt.....More deficit, higher electric costs, higher post, water, etc (all state owned) maybe higher tax on alcohol.

So you have no idea but are against it anyway.

 

Have you ever lived in rural Thailand on the basic wage and the debts of a farmer?

 

You should try it for 3 months at least and then come back and tell us all how easy it is.

 

 

After all living on 25,000 baht a month, no flash car, just the family motorbike, no a/c, no western food or luxuries, paying the interest on perhaps 5xx,xxx all out of the 25,000 baht must be easy for you.

[Adumbration]

At least we now know where the bulk of the new airport arrival tax will be going.

[Adumbration]

Can a 16 year old Thai actually even cast a vote??

[KannikaP]

Our nearest 7-11s are both 13 km away, fresh markets 10 km. So where will my Mrs & step daughter be able to spend their Digital Wallet money?

[zzaa09]

2 hours ago, NoshowJones said:

If I was a Thai, all I would want to do is be able to make sure that whichever party "wins" this election, that there will be no soldiers or anyone with any connections to the military, involved with them what so ever.

Certainly understood. 

But a considerable withdrawal of the military in society might be only a tad of the dissolvement of all problems. 

There are other sectors that require dismantling before anything resembling a civilised democratic are assured.

[cmsally]

Geo-fenced money with an expiry date - so they have basically exposed themselves as the WEF candidate.  Is the money coming from the EU?

[h90]

1 hour ago, billd766 said:

And they would be correct once again.

no it would be again election fraud and vote buying...again

[h90]

1 hour ago, billd766 said:

So you have no idea but are against it anyway.

 

Have you ever lived in rural Thailand on the basic wage and the debts of a farmer?

 

You should try it for 3 months at least and then come back and tell us all how easy it is.

 

 

After all living on 25,000 baht a month, no flash car, just the family motorbike, no a/c, no western food or luxuries, paying the interest on perhaps 5xx,xxx all out of the 25,000 baht must be easy for you.

but having the latest mobile phone.....

[connda]

11 hours ago, webfact said:

THE PHEU THAI today (Apr.5) announced a major populist policy to hand out 10,000 baht in digital wallet for each of all Thai adolescents and adults only if the party becomes government after the May 14 general election.

Third world "buying elections" and the Thai justice system doesn't blink an eye?

 

[h90]

12 minutes ago, cmsally said:

Geo-fenced money with an expiry date - so they have basically exposed themselves as the WEF candidate.  Is the money coming from the EU?

Thailand is developing their digital money for a long time...every government. Government also had their vaccine passport ready.
Like in the West, all parties beside some left or right fringe an in it.....

[h90]

1 minute ago, connda said:

Third world "buying elections" and the Thai justice system doesn't blink an eye?

 

Universal income (with restrictions) and digital money is a global plan. Way bigger than Thailand

[Gknrd]

Wow, inflation is out of control. I think Taksin only paid 300 baht.  

[h90]

2 minutes ago, Gknrd said:

Wow, inflation is out of control. I think Taksin only paid 300 baht.  

Pheu Thai=Thaksin. Handing out 300 Baht is pretty expensive as all the middle man taking a share from it. While you can cut that out when it is digital

Edited April 6, 2023 by h90
adding

[Fat is a type of crazy]

3 hours ago, h90 said:

Yes as history proofs again and again how good these socialist policies work. You can't make everyone rich, but you can make every rich poor.

I hear from whence you come, but this is not Sweden or Australia, it is a country where the rich are extremely rich with a high proportion of poor, where the highest marginal tax rate is fairly low on a world scale or at least compared to Australia, corruption is rife, where wages and conditions are terrible for many, and if a political party redistributes wealth in a tiny way I don't see it as a bad thing.