Are political parties shortchanging the economy with populist platforms?

[webfact]

 

By Thai PBS World’s Business Desk

 

The latest populist promise by the Pheu Thai Party of digital currency handouts has stirred a hot debate on the policy platforms of parties contesting the May 14 general election.  

 

Pheu Thai executives pledged to offer everyone aged 16 years and above 10,000 baht via a digital wallet if the party wins the election and forms the next government.

 

The cash will be deposited in a digital account of each person for six months. People will get the key from the government and they can spend the money within a radius of 4 kilometers of their homes. They can buy daily necessities but not alcoholic beverages.

 

Pheu Thai executives justified it as a measure to jumpstart the economy and effectively pave the way for widespread use of digital currency issued by the central bank, known as Central Bank Digital Currency (CBDC).

 

Full story: https://www.thaipbsworld.com/are-political-parties-shortchanging-the-economy-with-populist-platforms/

 

-- © Copyright Thai PBS 2023-04-11

 

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[yeahbutif]

Well as it.s a money orientated country .it could work. But very wrong.. for a democratic country.

[Pouatchee]

YES

[madmitch]

Distributing government cash among large sections of the population will not help much, as each person will get only a small sum, he said. By narrowing the focus to cover only fragile groups, each will get enough funds to bear their cost of living, he explained.

 

Very sensible comment. 10,000 baht is a small fortune to some, small change to others.

 

I also wonder how those without access to smartphones will access their digital wallets.

[ChrisY1]

All parties hope that stupid will prevail….”promises” of free money abound!

[zzaa09]

They're all crooks...

[hotchilli]

6 hours ago, webfact said:

Pheu Thai executives justified it as a measure to jumpstart the economy and effectively pave the way for widespread use of digital currency issued by the central bank, known as Central Bank Digital Currency (CBDC).

Nice try...

Vote buying pure and simple.

[kingstonkid]

This will be the way that the other parties will rid themselves of PT.  Let them win the election than when they start to payout take it to court as vote buying.  Have the courts rule it illegal and then defrock the PT AGAIN 

 

Am I correct nthat parties are not allowed to trash another parties promises.