Agree with all your points, except the dual pricing of foreigners in Thailand.
There's actually no logical connection in your line of reasoning; it's the fallacy of non-sequitur.
On the extremely rare case that this is not a wind up is to tell this gent "sure you can live off 1 million baht for 14 years" but you might have to sell your arse a couple of times a week to manage it.
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