Popular Post snoop1130 Posted October 19, 2023 Popular Post Share Posted October 19, 2023 The government’s controversial digital wallet scheme is facing increasing opposition, with opponents seeking intervention from the Central Administrative Court, the Election Commission, the Office of Auditor-General and the Ombudsman to put the scheme on hold. Thai Pakdee Party leader Warong Dechgitvigrom filed a complaint with the Auditor-General’s Office yesterday (Wednesday), asking for a probe into the digital wallet scheme before submitting its findings to the Administrative Court to seek the scheme’s suspension. Claiming that the scheme will cause extensive damage to the economy, Dr Warong questions why the government does not provide the Bt10,000 benefit in the form of cash, instead of digital tokens, which is too complicated for the people in general and will not benefit small retail outlets because they normally do not have significant cash reserves and they prefer payment in cash. Caption: Thai Pakdee Party leader Warong Dechgitvigrom files a complaint with the Auditor-General’s Office on Thursday. Full story: Thai PBS 2023-10-19 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Get our Daily Newsletter - Click HERE to subscribe 8 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post Dogmatix Posted October 19, 2023 Popular Post Share Posted October 19, 2023 Warong is the former Democrat MP who relentlessly probed Yingluck's rice pledging scam and eventually uncovered enough sleaze to put a number of Thaksin lackeys in jail. Go for it. 5 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post Karma80 Posted October 19, 2023 Popular Post Share Posted October 19, 2023 Give that man a medal for calling out the digital wallet snout in the trough circus. 10 3 Link to comment Share on other sites More sharing options...
JackGats Posted October 19, 2023 Share Posted October 19, 2023 7 minutes ago, Karma80 said: Give that man a medal for calling out the digital wallet snout in the trough circus. Well, he'd rather the handout were in cash. He's not opposing the scheme. He's opposing the fact that it is not generous enough. Maybe another opponent will demand the handout be in gold? Or in USD? 1 Link to comment Share on other sites More sharing options...
Pouatchee Posted October 19, 2023 Share Posted October 19, 2023 29 minutes ago, JackGats said: He's not opposing the scheme. because he knows they will never give cash... too untraceable 2 Link to comment Share on other sites More sharing options...
Popular Post JackGats Posted October 19, 2023 Popular Post Share Posted October 19, 2023 This wallet thing poses a serious liquidity problem. What I suspect will happen, is that some clever operators will make billions helping the masses turn part of their digital money into money they can spend. 3 1 2 Link to comment Share on other sites More sharing options...
Popular Post proton Posted October 19, 2023 Popular Post Share Posted October 19, 2023 1 hour ago, Pouatchee said: because he knows they will never give cash... too untraceable People were cashing in the covid handouts a couple of years ago, this will be the same, vendor gets 10% 2 1 Link to comment Share on other sites More sharing options...
Popular Post jippytum Posted October 19, 2023 Popular Post Share Posted October 19, 2023 The goverment would welcome if the courts banned the payment costing 560 billion. That would get them off the hook after bribing the voters and not having to pay out. After all Thaksin's return was the real reason for the bribe. 2 1 2 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted October 19, 2023 Popular Post Share Posted October 19, 2023 11 hours ago, snoop1130 said: Claiming that the scheme will cause extensive damage to the economy, Dr Warong questions why the government does not provide the Bt10,000 benefit in the form of cash, instead of digital tokens, which is too complicated for the people in general and will not benefit small retail outlets because they normally do not have significant cash reserves and they prefer payment in cash. Exactly, give it to every person in cash and allow them so spend it wherever they want. 2 1 1 Link to comment Share on other sites More sharing options...
2baht Posted October 19, 2023 Share Posted October 19, 2023 12 hours ago, snoop1130 said: Claiming that the scheme will cause extensive damage to the economy, Dr Warong questions why the government does not provide the Bt10,000 benefit in the form of cash, instead of digital tokens, which is too complicated for the people in general and will not benefit small retail outlets because they normally do not have significant cash reserves and they prefer payment in cash. Cash is King, nudge nudge, wink wink! 💰 1 Link to comment Share on other sites More sharing options...
Popular Post thesetat Posted October 20, 2023 Popular Post Share Posted October 20, 2023 13 hours ago, Pouatchee said: because he knows they will never give cash... too untraceable wrong... it is because the scheme is made so that you can only use the digital cash within a certain number of Km from your residence. Making it useless to more Thai than those who can actually use it who live in cities. The majority of Thais do not live in cities where they can find shops willing to accept their digital wallets. Instead they live in rural communities with very few shops near. Making the money useless to them. So it surely does not help the ones who would use it for self sustainability unless they have some good shops near their homes that are willing to accept the digital money.. If given cash, they can go to the places they normally shop and use the cash for things needed and wanting which in turn would help the outlets. This scheme is actually a very bad idea simply because it will not help those who really need it.. and instead will only help those who are within the range they will assign to the card or app closest to your home. My Thai family home is 15 Km from the nearest supermarket or convenience store.. So this scheme using their wallet is useless to them. I am most certain this applies to the majority of Thais as well. Especially in the north where the most poor live far from any major shopping outlet. 5 Link to comment Share on other sites More sharing options...
Popular Post bamnutsak Posted October 20, 2023 Popular Post Share Posted October 20, 2023 15 hours ago, snoop1130 said: with opponents seeking intervention from the Central Administrative Court, the Election Commission, the Office of Auditor-General and the Ombudsman to put the scheme on hold. Stick a fork in this one. I mean it was a non-starter from the get-go, but reality has set in. Massive loss of face for Srettha and Thaksin. 3 Link to comment Share on other sites More sharing options...
Popular Post Will B Good Posted October 20, 2023 Popular Post Share Posted October 20, 2023 15 hours ago, snoop1130 said: Thai Pakdee Party leader Warong Dechgitvigrom filed a complaint with the Auditor-General’s Office yesterday Mentioned this elsewhere.......I think the PM has asked for this to happen so he can worm out of keeping his promise. 2 1 Link to comment Share on other sites More sharing options...
Pouatchee Posted October 20, 2023 Share Posted October 20, 2023 30 minutes ago, thesetat said: 13 hours ago, Pouatchee said: because he knows they will never give cash... too untraceable wrong... it is because the scheme is made so that you can only use the digital cash within a certain number of Km from your residence. check again. seems now people will be able to use it in the regions they live in and not within a certain distance. were it within a certain distance, i would totally agree with you. we live 8 km from the nearest tesco or halfway decent shop. seems they realised the error of their ways 2 Link to comment Share on other sites More sharing options...
Robin Posted October 20, 2023 Share Posted October 20, 2023 There are so many ways that tis scheme can fail, or be subverted, I cannot believe hat these were not thought through first. Big traders with adequate cash flow will be able to convert the digital money to cash at a cost, an d they will profit. Jus what Srettha and his cronies planned in the first place. it is not buying popularity it is being paid to get popularity. 1 Link to comment Share on other sites More sharing options...
Rimmer Posted October 20, 2023 Share Posted October 20, 2023 An off-topic post in violation of our Community Standards has been removed Link to comment Share on other sites More sharing options...
Xonax Posted October 20, 2023 Share Posted October 20, 2023 15 hours ago, snoop1130 said: Dr Warong questions why the government does not provide the Bt10,000 benefit in the form of cash, instead of digital tokens Jus look into who owns the digital wallet company, which will be worth hundreds of Billions, by the time the digital wallet scheme have ended. 2 Link to comment Share on other sites More sharing options...
Pouatchee Posted October 20, 2023 Share Posted October 20, 2023 12 minutes ago, Xonax said: Jus look into who owns the digital wallet company, dont leave me in suspense. who? Link to comment Share on other sites More sharing options...
Will B Good Posted October 20, 2023 Share Posted October 20, 2023 Just now, Pouatchee said: dont leave me in suspense. who? Chalerm? Thamanat? Thaksin? Link to comment Share on other sites More sharing options...
The Theory Posted October 20, 2023 Share Posted October 20, 2023 1 hour ago, bamnutsak said: Massive loss of face for Srettha and Thaksin. Nobody cares about face since nothing is wrong, in fact never been better. This circus was already planed to happen the way it is since Taksin was in news for his return long ago. Link to comment Share on other sites More sharing options...
Ro54 Posted October 20, 2023 Share Posted October 20, 2023 No need to use CBDC, better look into how El Salvador distributed their digital wallet using the Lightning network. Although not 100% successful, Salvadorians have used this for several years.... Link to comment Share on other sites More sharing options...
Popular Post AnnaBanana Posted October 20, 2023 Popular Post Share Posted October 20, 2023 (edited) 18 hours ago, JackGats said: Well, he'd rather the handout were in cash. He's not opposing the scheme. He's opposing the fact that it is not generous enough. Maybe another opponent will demand the handout be in gold? Or in USD? Or in Monopoly Money perhaps. That is what we will all be dealing with sooner rather than later if world leaders continue to be octogenerians, incompetents, and crooks. Edited October 20, 2023 by AnnaBanana 1 1 7 Link to comment Share on other sites More sharing options...
John Drake Posted October 20, 2023 Share Posted October 20, 2023 Hub of crackpot ideas. 500+ billion for the digital wallet. More than 1 trillion for the land bridge. 20 baht fare for Purple and Red lines, assuring they'll need to short cut maintenance. Link to comment Share on other sites More sharing options...
Eric Loh Posted October 20, 2023 Share Posted October 20, 2023 6 minutes ago, John Drake said: Hub of crackpot ideas. 500+ billion for the digital wallet. More than 1 trillion for the land bridge. 20 baht fare for Purple and Red lines, assuring they'll need to short cut maintenance. You have details of the digital wallet and land bridge to enable you to declare they are crackpot ideas. It’s ok if you say it’s just your own assumption. 4 Link to comment Share on other sites More sharing options...
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