In related tax news to assist those citizens in the bottom 50% that own around 1.7% of the wealth in this country, lawmakers are considering allowing "works of art" and "classic cars" to be fully tax deductible for those in the top ten percent that own up to 85% of the wealth. Per The Nation 28 June 2026 "One measure attracting attention would allow expenses from purchases of ‘works of art’ and ‘classic cars’ to be deducted from tax at actual cost, subject to prescribed conditions. It is seen as another important step in adding value to Thailand’s art scene, as well as to the high-value collectibles market." Got to get the priorities right, eh? Mom & Pop shops are closing, the road traffic is down, morning and evening markets are getting smaller and attracting less custom as the disposable income is declining. Some people, as reported in this article, have more than ten rai of land but it is not producing any income. Possibly due to the younger generation that get educated and are unwilling to toil for twelve hours a day. They move to Bangkok and elsewhere to secure better employment. And while many find such work, they send money home to the parents and grandparents as they're now no longer in the workforce themselves, making the idea of creating wealth for themselves close to impossible.
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