Move Forward MP says government overestimating benefit of digital wallet scheme

[snoop1130]

 

Move Forward party-list MP Chaiwat Sathawornwichit has claimed that the government has over-estimated the benefits of the “digital wallet” scheme in boosting the economy, as the timing is not right for its implementation.

 

During his speech in parliament today (Monday), he said populist schemes, such as the digital wallet, should be implemented at a time when the economy is contracting, not when it is expanding, as it is now in Thailand, although the expansion is minimal.

 

Like the application of an electric shock to a patient having a heart attack, Chaiwat said that the government’s plan to use the digital wallet to kick-start the economy is like applying an electric shock to a healthy person, the result may be fatal.

 

Full Story: https://www.thaipbsworld.com/move-forward-mp-says-government-overestimating-benefit-of-digital-wallet-scheme/

 

-- Thai PBS 2023-09-11

 

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[ikke1959]

They want to do it too quickly, without proper investigation.. Spending in 4 km radius is not working, How about people who don't have  smartphones, or elderly people, handicapped people who aren't mobile?? How about people with high debts which assets are confiscated?? and many more problems.. Find solutions first and than roll out. I think 20 vouchers of 500 THB printed with the id number on it which could be used all ove rThailand would work much better 

[BenStark]

4 minutes ago, ikke1959 said:

They want to do it too quickly, without proper investigation.. Spending in 4 km radius is not working, How about people who don't have  smartphones, or elderly people, handicapped people who aren't mobile?? How about people with high debts which assets are confiscated?? and many more problems..

You just perfectly described how to keep an election promise, which at the end of the day will cost only a fraction of the estimates, because most of the beneficiaries will never be able to fully benefit of it.

[retarius]

7 hours ago, BenStark said:

You just perfectly described how to keep an election promise, which at the end of the day will cost only a fraction of the estimates, because most of the beneficiaries will never be able to fully benefit of it.

Spot on. In rural areas like mine many, many people live more than 4 kms from any major stores. As usual the scheme seems targeted to Bangkok residents who will have no trouble spe=ding their loot.

[hotchilli]

11 hours ago, snoop1130 said:

During his speech in parliament today (Monday), he said populist schemes, such as the digital wallet, should be implemented at a time when the economy is contracting, not when it is expanding, as it is now in Thailand, although the expansion is minimal.

Really?

[RichardColeman]

11 hours ago, snoop1130 said:

wallet, should be implemented at a time when the economy is contracting, not when it is expanding, as it is now in Thailand, although the expansion is minimal.

If anyone thinks the money would still be there if they wait for the next 'contraction' they are severely deluded !

[redwood1]

What about retired expats.....We need free money too......We should get 10,000 every month because we keep many Thais employed working in Beer Bars..

[shackleton]

Let's wait and see if this does happen

Probably come out with some excuse of why it can't be implemented ???? 

Fraud ect 

[damian]

I wonder what the Chearavanont family members will spend their 10k on? 

[Sydebolle]

The rice-buying-scheme and many other populist farts spring to mind. I - for one - assume though, that the budget, reading +/- 560 billion Thai Baht, will be used up in the end. How much of this enormous amount reaches the anticipated beneficiary in the sticks of Isan, is yet to be seen. But a substantial part of that digital cash will suffer, what is known in electricity, "line loss". What is produced in the power station is one thing; what reaches the end consumer is - for sure - a (minimized) other thing - Nuff said!