Who Owns The Wealth in Thailand

Anything and everything about Thailand
User avatar
Undaunted
Posts: 1386
Joined: Fri Aug 12, 2016 8:47 am
Liked: 13 times
Been liked: 211 times

#1 Who Owns The Wealth in Thailand

Postby Undaunted » Fri Dec 07, 2018 5:29 pm

Report says Thai wealth disparity is the worst:

https://www.bangkokpost.com/business/ne ... ry-in-2018
"In the land of the blind the one eyed man is king"

User avatar
Captain Kirk
Posts: 567
Joined: Sun May 22, 2011 2:48 am
Location: Pattaya
Been liked: 32 times

#2 Re: Who Owns The Wealth in Thailand

Postby Captain Kirk » Sat Dec 08, 2018 7:12 pm

Situation is getting worse throughout the world. I've said before and will no doubt again; the wealthiest don't want a lot of money, they don't want most of the money, they want ALL of the money. Will inevitably lead to more war but I'll be dead so care little if/when there is.

fountainhall
Posts: 1633
Joined: Fri Jan 27, 2017 11:45 am
Location: Bangkok
Liked: 136 times
Been liked: 411 times

#3 Re: Who Owns The Wealth in Thailand

Postby fountainhall » Sun Dec 09, 2018 7:10 pm

Undaunted wrote:Report says Thai wealth disparity is the worst

The worst of the first 40 perhaps. What happened to the other 150 + countries I wonder?

User avatar
Jun
Posts: 1840
Joined: Sun Aug 01, 2010 10:20 pm
Liked: 134 times
Been liked: 95 times

#4 Re: Who Owns The Wealth in Thailand

Postby Jun » Sun Dec 09, 2018 8:27 pm

Captain Kirk wrote:Will inevitably lead to more war but I'll be dead so care little if/when there is.

Inevitably there will be more wars. However, I wouldn't be too sure about them being after your death.

As for inequality, I would think Cambodia must give Thailand some good competition. Extreme poverty for the poor. Range Rovers, Bentleys and Rolls Royces for the rich.

I despise socialism, but some mechanisms to drive up minimum wages would be good.

fountainhall
Posts: 1633
Joined: Fri Jan 27, 2017 11:45 am
Location: Bangkok
Liked: 136 times
Been liked: 411 times

#5 Re: Who Owns The Wealth in Thailand

Postby fountainhall » Sun Dec 09, 2018 11:25 pm

Jun wrote:I despise socialism, but some mechanisms to drive up minimum wages would be good.

I wonder how you think that can be effected at the level that would be required to reduce the income inequality gap? Seriously!

I can't be bothered looking up reams of figures on internet sites, but I am pretty sure the statistics will show that whilst the poor in many countries may not have got poorer in real terms over the last 2 or 3 decades, the rich have unquestionably gotten vastly richer. Many right-leaning governments have made this a matter of policy, with some probably believing - mistakenly, in my view - in the trickle down theory of economics. As far as i am concerned, Trump and the right wing leaders of endless countries can tell their constituents till the cows come home that by giving the mega rich even more largesse this will then result in their spending more so that over time new jobs will be created that will make the poor better off. When the Reagan administration started this trend, I thought it was fiddlesticks. I do so now even more.

I do not believe income inequality can be solved even by a tiny fraction as long as the rich keep on getting richer. You can double the wages of the poor and the middle class and say that will help. But if at the same time you cut the taxes of the mega-rich you are back at square one.

I believe one reason why some individuals in Thailand are so vastly rich is partly due to the major cross-fertilisation of a huge number of Chinese immigrants with their commercial skills. But, much more importantly during the period of rapid economic growth in the two decades prior to 1997, government policies were designed to ensure that only a very small elite group grabbed virtually all the pie. The Taksin clan later ran with the same ball whilst throwing out some crumbs here and there to the poor. But inequality still increased.

Until the culture of greed which has taken off so dramatically in recent decades is replaced by a culture more committed to sharing out a nation's wealth more equably, I fear the conditions are being created that will lead to more revolution and ultimately war.

User avatar
Captain Kirk
Posts: 567
Joined: Sun May 22, 2011 2:48 am
Location: Pattaya
Been liked: 32 times

#6 Re: Who Owns The Wealth in Thailand

Postby Captain Kirk » Mon Dec 10, 2018 1:46 am

Jun wrote:Extreme poverty for the poor. Range Rovers, Bentleys and Rolls Royces for the rich.

When I was a nipper that was what the rich seemed to covet, a large mansion and a flashy car for every day of the week. Then I noticed that the wish list was increased to include a helicopter to do the shopping in. Then they appeared to want a private jet. Oh, and a luxury yacht and what is it now? Spaceships! Fucking ridiculous "my wallet is bigger than yours" multi billion dollar race to put themselves into space alongside an in-built desire to be the richest and/or most powerful person on the planet. Would be sweet if they all shared in the maiden journey never to return.

Dodger
Posts: 705
Joined: Sun Aug 01, 2010 2:58 am
Liked: 7 times
Been liked: 149 times

#7 Re: Who Owns The Wealth in Thailand

Postby Dodger » Mon Dec 10, 2018 9:40 am

CORRUPTION is always the main conduit for the flow of "funny money" which makes the wealthy wealthier and the poor poorer in any country and Thailand ranks near the top of the scale in this category as well.

The Chinese already control 80% of the wealth over here and will probably have their flag flying in Bangkok one day. Hopefully that will be well after I'm dead and gone.

.

User avatar
Gaybutton
Site Admin
Posts: 14989
Joined: Sat Jul 31, 2010 11:21 am
Location: Thailand
Liked: 1 time
Been liked: 582 times

#8 Re: Who Owns The Wealth in Thailand

Postby Gaybutton » Mon Dec 10, 2018 10:27 am

Dodger wrote:probably have their flag flying in Bangkok one day. Hopefully that will be well after I'm dead and gone.

I don't know. Maybe that cloud would have a silver lining. I wouldn't mind a few Chinese restaurants around here . . .

James the First
Posts: 25
Joined: Fri Nov 16, 2018 12:12 pm
Liked: 1 time
Been liked: 1 time

#9 Re: Who Owns The Wealth in Thailand

Postby James the First » Mon Dec 10, 2018 9:14 pm

Foreigners, that is to say, persons living in Thailand on annual visas which say at the top: "Application for temporary stay in the kingdom" might wish to be very circumspect in what they say about this issue. I think if you are concerned for the many who have less you should participate in acts of generosity. If you consider yourself retired here it is useful to remember the phrase at the top of what we loosely call our "retirement visa application."
Regardless of what we do the deck is weighted in favor of the "haves" rather than the have nots in every country in the world. Now if you are honest with yourself and you really want to effect change (also known as raising costs) do it in a country where you are a citizen rather than where you moved to "temporarily" for your retirement.


Return to “Thailand”

Who is online

Users browsing this forum: bobsaigon3, lukylok and 91 guests