Thailand most unequal country

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Jim the Moron
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Thailand most unequal country

Post by Jim the Moron » Thu Dec 06, 2018 9:19 am

https://www.bangkokpost.com/business/ne ... ry-in-2018

"In 2016, the 1% richest Thais (500,000 people) owned 58.0% of the country's wealth. In 2018, they controlled 66.9%, overtaking their peers in Russia . . ."

That's what a few years of military junta rule, supported by a corrupt business elite and a parasitic royal family, can do to a country. In a ranking of a few month's ago Thailand achieved another dubious distinction - as the country with the world's lowest % of women serving as people who legislate. Symptomatic of that first ranking?

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Milo
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Re: Thailand most unequal country

Post by Milo » Thu Dec 06, 2018 9:39 am

The arrangement in the UK is the Crown signs over most of their wealth in trust to the government, the government then pays the Crown a stipend from that immense wealth.

No such arrangement exists in Thailand. Of course why would the either the Thai government and Crown trust each other?

I fear this situation will lead to a knee jerk reaction, with the usual, terrible consequences.


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Sertorio
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Re: Thailand most unequal country

Post by Sertorio » Thu Dec 06, 2018 9:46 am

Jim the Moron wrote:
Thu Dec 06, 2018 9:19 am

"In 2016, the 1% richest Thais (500,000 people) owned 58.0% of the country's wealth. In 2018, they controlled 66.9%, overtaking their peers in Russia . . ."
Well, let's compare Russia, the US and France...

Image

It seems Russia has been overtaken by the US...

As to the top 1%, the percentage in Russia is about 20%, while in the US it is 22%

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Milo
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Re: Thailand most unequal country

Post by Milo » Thu Dec 06, 2018 9:59 am

Sertorio wrote:
Thu Dec 06, 2018 9:46 am
Jim the Moron wrote:
Thu Dec 06, 2018 9:19 am

"In 2016, the 1% richest Thais (500,000 people) owned 58.0% of the country's wealth. In 2018, they controlled 66.9%, overtaking their peers in Russia . . ."
Well, let's compare Russia, the US and France...

Image

It seems Russia has been overtaken by the US...

As to the top 1%, the percentage in Russia is about 20%, while in the US it is 22%
WAS overtaken.

And I don't think "income share" = "controls wealth".

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SteveFoerster
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Re: Thailand most unequal country

Post by SteveFoerster » Thu Dec 06, 2018 10:22 am

Milo wrote:
Thu Dec 06, 2018 9:59 am
Sertorio wrote:
Thu Dec 06, 2018 9:46 am
Jim the Moron wrote:
Thu Dec 06, 2018 9:19 am

"In 2016, the 1% richest Thais (500,000 people) owned 58.0% of the country's wealth. In 2018, they controlled 66.9%, overtaking their peers in Russia . . ."
Well, let's compare Russia, the US and France...

Image

It seems Russia has been overtaken by the US...

As to the top 1%, the percentage in Russia is about 20%, while in the US it is 22%
WAS overtaken.

And I don't think "income share" = "controls wealth".
Nor is inequality of wealth the same thing as poverty, and it's the latter that's actually a problem. Let the ceiling be as high as it wants to be, what matters is where the floor is.
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

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Sertorio
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Re: Thailand most unequal country

Post by Sertorio » Thu Dec 06, 2018 10:28 am

SteveFoerster wrote:
Thu Dec 06, 2018 10:22 am
Milo wrote:
Thu Dec 06, 2018 9:59 am
Sertorio wrote:
Thu Dec 06, 2018 9:46 am
Jim the Moron wrote:
Thu Dec 06, 2018 9:19 am

"In 2016, the 1% richest Thais (500,000 people) owned 58.0% of the country's wealth. In 2018, they controlled 66.9%, overtaking their peers in Russia . . ."
Well, let's compare Russia, the US and France...

Image

It seems Russia has been overtaken by the US...

As to the top 1%, the percentage in Russia is about 20%, while in the US it is 22%
WAS overtaken.

And I don't think "income share" = "controls wealth".
Nor is inequality of wealth the same thing as poverty, and it's the latter that's actually a problem. Let the ceiling be as high as it wants to be, what matters is where the floor is.
I'm sure you wrote that with a perfectly straight face... :lol:

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SteveFoerster
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Location: Northern Virginia, USA and Dominica, West Indies
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Re: Thailand most unequal country

Post by SteveFoerster » Thu Dec 06, 2018 11:54 am

Sertorio wrote:
Thu Dec 06, 2018 10:28 am
SteveFoerster wrote:
Thu Dec 06, 2018 10:22 am
Milo wrote:
Thu Dec 06, 2018 9:59 am
Sertorio wrote:
Thu Dec 06, 2018 9:46 am
Jim the Moron wrote:
Thu Dec 06, 2018 9:19 am

"In 2016, the 1% richest Thais (500,000 people) owned 58.0% of the country's wealth. In 2018, they controlled 66.9%, overtaking their peers in Russia . . ."
Well, let's compare Russia, the US and France...

Image

It seems Russia has been overtaken by the US...

As to the top 1%, the percentage in Russia is about 20%, while in the US it is 22%
WAS overtaken.

And I don't think "income share" = "controls wealth".
Nor is inequality of wealth the same thing as poverty, and it's the latter that's actually a problem. Let the ceiling be as high as it wants to be, what matters is where the floor is.
I'm sure you wrote that with a perfectly straight face... :lol:
It was easy, since what I was saying is true. I realise that "inequality" is the fashionable complaint amongst the left, but poverty is not the same thing and it's what actually matters.
Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

neverfail
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Re: Thailand most unequal country

Post by neverfail » Thu Dec 06, 2018 4:02 pm

SteveFoerster wrote:
Thu Dec 06, 2018 11:54 am
Sertorio wrote:
Thu Dec 06, 2018 10:28 am


I'm sure you wrote that with a perfectly straight face... :lol:
It was easy, since what I was saying is true. I realise that "inequality" is the fashionable complaint amongst the left, but poverty is not the same thing and it's what actually matters.
Absolute equality is impossible to achieve, as I hope we are all aware. Yet I remain convinced that the country with a reasonably equitable distribution of wealth usually functions better and is a more agreeable place for all to dwell in than the one where most of the wealth is concentrated in the hands of the privileged few.

Equality of wealth implies equality of power. Equality of power = citizenship. Gross inequality of power implies tyranny, servility and mass apathy.

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