Thaiwonderland : after free water, electricity… free allowances

The Rabbit Hole of the Thaiwonderland is getting deeper.

After the free water, free electricity and various subsidies (even the subsidy to end subsidies)… the thai government invents the free allowances.

The minister said employees with social security who earn less than 10,000 baht per month will receive 2,000 baht, aimed at lowering their living expenses.

This is because people with low income have their earnings reduced after the overtime benefits and compensations have been cut while product prices stay the same, Mr Paitoon explained. (Bangkok Post)

What the Labour Minister is saying is perfectly logical, in a way. Of course, a child could ask : but daddy, why do we have to work anymore ? And why mummy needs money to buy things ? And will Abhisit give us a house, a mobile phone and a car ?

Welcome to the Dildo Economy, where the keyword is : stimulation. πŸ˜‰

I don’t know where we go with Abhisit and his government, but one thing is sure : we will have a lot of fun.

Change ? Yes we can’t.

It seems confirmed, although the salary limit has… changed ! πŸ˜‰

The cabinet also approved in principle a proposal for state officials and employees who are members of the Social Security Fund whose salaries are below 14,000 baht per month to get 2,000 baht month in monthly allowance for six months starting April 1. (Bangkok Post)

6 Responses to “Thaiwonderland : after free water, electricity… free allowances”

  1. 1 fall 13 January 2009 at 1:22 pm

    Yep, and the world have seen how effective Bush’s tax rebate had been. Japan tried this before, US tried it. Why do no body ever learn?
    Free water and electricity is pushing it, but allowance is definitely over the line.

    Money grows on tree. Let’s hand them out. We could boast a two digit GDP growth next year!(and let’s all forget about that nasty side effect of three digit inflation)… This is madness.

  2. 2 antipadshist 13 January 2009 at 6:03 pm

    I am sure that pop-Korn has a very prominent role in this ‘wonderland’ !

    “New economic stimulus measures mean that more than 10 million employees nationwide will end up with more cash in their pockets, Finance Minister Korn Chatikavanij said Monday.”

    wow ! can you imagine ! more money in their pockets! πŸ˜€

    as much as ……….. 2000 Baht !
    (while, say, a 1 liter pack of milk now is around 82-84 Baht. so, if a worker has kid – this 2000 “stimulus” wouldn’t be even enough for whole month to buy milk for child – only for around 23 days, means 1 week short of month)

    truly generous government. awe and reverence.

    but wait – what about … other 55 million people in this country ? surely they all can’t be as well-to-do as Abheesit or Korn (aka the “very few” top-notch rich elite).

    my wife watches the news all the time and told me today that thievery and robberies are on the rise. and reportedly most if not all of those arrested tell police that they turned to crime because / after they’ve lost their jobs.

    “Right now, we need to acknowledge that the public sector has a huge role in stimulating the economy. Every baht is crucial, and we need to consider where that baht, in the hands of the public or in the hands of the government, can have the greatest value to the overall economy” Mr Korn said

    I guess that basically means – screw the public (especially those other 55 millions) ! because obviously in the hands of the government (= all sorts of elite buddies of Dems, say, as those 10 or 16 “advisors” to Poseidon girl πŸ˜‰ ) know much better how to to spend those money.

    so, I am pretty sure that Korn will put money “to work” ! πŸ™‚
    it is his golden era, star moment – he has been waiting for it ( = money siphoning) his whole conscious life !

    and of course to disguise it ( = money siphoning) just a bit – why not give some peanuts to some 10 million folks.

  3. 3 ray 14 January 2009 at 4:34 am

    i am a supporter of abhisit but that changed today morning. the govt. is coming out with new policy to make owning houses affordable to people with low paying jobs. they do not need down paymnt. the down paymnt will be guranteed to th ecommercial banks by a newly constructed govt institution( like an insurance company) and the person applying for the loan will pay a small premuim. the banks will be taking no risk and people can afford homes. this is a stimulus for the real estate sector. hello! have they heard fo sub prime. i was shocked. wtf!!

  4. 4 ThaiCrisis 14 January 2009 at 4:43 am

    Ray, I think your group (Disappointed By Abhisit) is likely to grow in number. Very quickly.

    There is a huge confusion around the “stimulus package” presented yesterday, and the striking “2 000 THB per month, special allowance, for 6 months” that they want to give to all employees earning less than 14 000 THB per month.
    It seems that it’s only a one shot… And not for 6 months, as reported before.

    I mean this whole government is a joke, unable to communicate in an efficient way.

    There is a huge difference between 8 millions x 2 000 THB and 8 millions x 2 000 THB x 6 !

    16 billions THB or 96 billions.

  5. 5 Insanity 14 January 2009 at 5:47 am

    Ray Re: “The govt. is coming out with new policy to make owning houses affordable to people with low paying jobs.”

    Maybe this means that the new government wants to resume the Baan Ua-arthorn (“We care”), low-cost housing project? This, of cause, once again presents the politicians opportunities to line their pockets through bribery and money laundering.

    Thousands of these back-to-back low cost (slum) houses were built in the beautiful countryside of Nam Cham, Mae Sai, Chiang Rai a couple of years ago. To-day the vast majority remain empty (95%+) and the landscape blighted. Who they were intended for remains unexplained as the population to fill them never did exist. Further, the locals rightly hate them for their pitiful design, and appalling build quality.

  6. 6 ray 14 January 2009 at 12:27 pm

    my personal view is that all govts all over the world should just secure/gurantee deposits in banks. if teh banks fail so be it. this way the prudent folks who save maney are saved. and all the bailout monies should be used to set up govt. banks( with the bailouts all private banks are defaut govt banks as it is) to give out loans and to finance BUSINESSES AND FACTORIES which will save jobs. also with a clean balance sheet it will be easier comparede to now that banks are flushed with money but not lending. and after 10 years these govt shares and issue shares to public.
    also if this haapens people with good credit and buy houses/ homes at discounted rate( realistic price) and we will be out of thsi mess in 48 months.
    what they are doing is rewarding the incompetence and taking money from people making money and giving it to people who screwed up.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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