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Thai government explores funding for digital wallet giveaway


webfact

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38 minutes ago, webfact said:

Three probable funding sources have been proposed: a borrowing bill, the national budget, or a combination of loans and the budget.

The next generation will pay for it dearly.......

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1 hour ago, BangkokHank said:

This is just a way to trick people into accepting enslavement via a Central Bank Digital Currency.

 

No word on how old folk with no phone or internet are going to get paid.

It is only for rich folk I suppose.

 

Anyway, back to the funding.

I am sure that the PM could fund it from his overseas accounts.

If not, ask Prayut.

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6 hours ago, webfact said:

The Thai government is currently exploring funding avenues for its digital wallet giveaway initiative, with final decisions on the funding source set to be determined next month.

Almost a year and still trying to find funding

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7 hours ago, webfact said:

The Thai government is currently exploring funding avenues for its digital wallet giveaway initiative, with final decisions on the funding source set to be determined next month.

So what will the PM be announcing on 10 April? That he has no idea where the money is coming from?

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Thaksin's influence spreads ever further. This reminds me of his 30-Baht medical treatment revolution 20-odd years ago. Announce a scheme that will be very popular indeed with the poorer voters, but fail to put aside any money to pay for it, or explain where the money will come from. The digital wallet looks to be of the same pedigree. If only Western policymakers could get away with this sleight of hand without the markets going crazy, poor Liz Truss, lol.

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