Nine Million Thais Will Get The 2,000 Baht Cash Check

[sriracha john]

Will the billions in loan forgiveness being earmarked for farmers help them forget about the 2,000 baht?

What are you talking about?

The only loans I hear about here are loan sharks squeezing people to death.

I see one everyday on his motorbike collecting his due at some noodle shop.

My GF and sisters worked many years (at least 15 years of her life) to pay off the fathers debt for owning the rice land, then to pay for the house, then the water pump, then for the son's motorbike.

Two years ago we lend the family 30K and an other sister also 30K to finance the Kubota. They repaid 10k last year and we let it go.

Don't know of any one here loaning from the government and thus no forgiveness around!

Government to help pay farmers' debts

The cabinet on Tuesday approved a 5.7-billion-baht budget to pay off farmers' debts and rehabilitate debtors, according to Farmer Rehabilitation Development Fund acting Secretary-General Sangsit Piriyarangsan.

He said 1.573 billion baht out of the total budget will be set aside to pay off farmers' debts while 4.149 billion baht will be used to rehabilitate 69,155 farmers.

A number of farmers owe the Bank for Agriculture and Agricultural Cooperatives (BAAC) 124 million baht, while another 831 million baht are non-performing loans. A group of farmers also have 616 million baht in debt with commercial banks and juristic persons.

Feb. 17th dated article continued here:

http://www.bangkokpost.com/breakingnews/13...y-farmers-debts

the tax payers are funding it.

And the tax payers are the beneficiaries of it. That's how tax works.

[TAWP]

the tax payers are funding it.

And the tax payers are the beneficiaries of it. That's how tax works.

No, we all don't benefit.

And it's not 'how it [tax] works', it's how socialism works.

Edited February 28, 2009 by TAWP

[sonnyJ]

TAWP, don't you think that the Asian societies have always been a bit socialistic at their fundaments?

Then let's have a look at the "Scandinavian socialism" in work"

Hypothesis? Anyone?

[TAWP]

TAWP, don't you think that the Asian societies have always been a bit socialistic at their fundaments?

Then let's have a look at the "Scandinavian socialism" in work"

Hypothesis? Anyone?

No, I don't think asian societies have always been socialism-inclined. Taking care of your family and relatives is a good thing. Forcing people to pay for others is a bad thing.

[bkkjames]

TAWP, don't you think that the Asian societies have always been a bit socialistic at their fundaments?

Then let's have a look at the "Scandinavian socialism" in work"

Hypothesis? Anyone?

No, I don't think asian societies have always been socialism-inclined. Taking care of your family and relatives is a good thing. Forcing people to pay for others is a bad thing.

In the west - we call this taxes

[TAWP]

TAWP, don't you think that the Asian societies have always been a bit socialistic at their fundaments?

Then let's have a look at the "Scandinavian socialism" in work"

Hypothesis? Anyone?

No, I don't think asian societies have always been socialism-inclined. Taking care of your family and relatives is a good thing. Forcing people to pay for others is a bad thing.

In the west - we call this taxes

Or 'legal theft'.

Point being?

[Koo82]

When Abhisit borrows money from foreign countries, all of us Thais must bear the loan. Why doesn't he give 2000 Baht to each of us?

[cmsally]

Do we actually know yet where this money is coming from? Is it actually money derived from the social fund, in which case you are funneling peoples savings back to themselves. I saw an article in the paper a couple of weeks ago about this govt proposing to make the Social Fund independently governed. Is this going to be a case of milking it dry and passing the buck?

[animatic]

TAWP, don't you think that the Asian societies have always been a bit socialistic at their fundaments?

Then let's have a look at the "Scandinavian socialism" in work"

Hypothesis? Anyone?

No, I don't think asian societies have always been socialism-inclined. Taking care of your family and relatives is a good thing. Forcing people to pay for others is a bad thing.

In the west - we call this taxes

Or 'legal theft'.

Point being?

It is an accepted part of the social construct that keeps us from falling into anarchy.

Not to say there are not dissenters.

[stumonster]

When Abhisit borrows money from foreign countries, all of us Thais must bear the loan. Why doesn't he give 2000 Baht to each of us?

what - like a Diesel subsidy ?

[DaleBlue]

I call the dishing out of B2,000 Baht each as "Vote buying at its height".

[Thai at Heart]

The companies that will honour the checks (alongside various promotions it must be said) include such companies vital to the poor of Thailand such as : Mcdonalds, Pizza Hut and KFC.

And while the stated intention is to get people to spend the money quickly to boost the economy they have even included and INSURANCE company into the deal!!!!

Is their no policy in this country that is not pervaded by the interests of 6 or 7 major business groups? Where are the mom and pop shops now?

2000 baht could buy enough rice to feed a family of 5 for months.

[quiksilva]

Do we actually know yet where this money is coming from? Is it actually money derived from the social fund, in which case you are funneling peoples savings back to themselves. I saw an article in the paper a couple of weeks ago about this govt proposing to make the Social Fund independently governed. Is this going to be a case of milking it dry and passing the buck?

Why do you assume its from the social fund?

[cmsally]

Do we actually know yet where this money is coming from? Is it actually money derived from the social fund, in which case you are funneling peoples savings back to themselves. I saw an article in the paper a couple of weeks ago about this govt proposing to make the Social Fund independently governed. Is this going to be a case of milking it dry and passing the buck?

Why do you assume its from the social fund?

No assumption; but would be interesting to see what the link is , as its only those who pay into the fund that receive the cheque.

Incidentally is this cheque cashable into real money; posts above seem to suggest it isn't.

[sriracha john]

Do we actually know yet where this money is coming from? Is it actually money derived from the social fund, in which case you are funneling peoples savings back to themselves. I saw an article in the paper a couple of weeks ago about this govt proposing to make the Social Fund independently governed. Is this going to be a case of milking it dry and passing the buck?

Why do you assume its from the social fund?

No assumption; but would be interesting to see what the link is , as its only those who pay into the fund that receive the cheque.

Incidentally is this cheque cashable into real money; posts above seem to suggest it isn't.

The money is from the General Fund.

The checks are cashable at any bank. Some retailers have offered incentive promotions to take the checks directly to them where they can used also without having been cashed.

[cmsally]

The General Fund as in the General Fund of the Social Security Fund.

ie the Social Security Funds general pot of money collected from contributors?

[TAWP]

It is an accepted part of the social construct that keeps us from falling into anarchy.

Not to say there are not dissenters.

Nonsense. Claiming taxes in any form is a protection against anarchy is silly hyperbole and doesn't make any sense.

[sriracha john]

The General Fund as in the General Fund of the Social Security Fund.

ie the Social Security Funds general pot of money collected from contributors?

The General Fund of the Treasury. The program (# 3 on this list of programs) is part of an overall economic stimulus package.

[RubbaJohnny]

Taxation without representation

Farangs here are equal in no the proportion of settlers in 17th century Americas