Transitional Thai Economy

บทความโดย วรรณพงษ์ ดุรงคเวโรจน์ Picture Source:  http://www.bloomberg.com/news/2012-07-30/thai-billionaires-embracing-yingluck-soft-power-for-asia-exports.html                   All societies have made some provision for the poor and destitute. We call programs that transfer cash and consumption goods and services to the poor public assistance or welfare programs. In modern societies, governments play a major role. The grassroots people should normally be the one who mainly get the benefit from the government provision so as to help reduce poverty in country.               However, most of the Pheu Thai’s policies seem to be populism – creates the programs to gain vote without carefully consideration on the actual effects of the scheme - which attracts the poor and middle-class to vote for. Firstly it seems to coddle the poor...

บทความโดย วรรณพงษ์ ดุรงคเวโรจน์  Warren Buffet, the third wealthiest person in the world and son of a former Republican congressman, message to congress about taxing super rich American. He makes a big fracture with his father’s party by pressing for tax increase on the wealthy and makes the relationship with president Obama, Democrats. He called on congress to stop coddling the rich and proposed raising $500 billion tax revenue. He said “The wealthy should pay more. The poor and middle-class fight for us in Afghanistan and are often required to contribute a greater portion of their income to the government. ” So, Republican congressman such as Michele Bachman quite resists his proposal because Republican’s base is middle income. If there is raising tax, they might be disappointed. The advocate of Buffet’s proposal is Alan Ace Greenberg, former CEO of Bear Stearns he supports the higher tax on the wealthy. Well, Obama’s plan focuses on applying income tax rates to some ear...