Transcript of the above video: 

As the title of this video suggests, we are discussing the fact that look, this so-called informal economy, as they are calling it, is really free enterprise, that's what it is. That's what it is. Let's jump into this, because I have just seen unfortunately all kinds of talk in different press outlets about all this different "oh we need a digital this, or a wallet for that or cashless, all kinds of other fun stuff", and quiet honestly I don't see where there is any hue and cry among the masses of Thailand for this. I think it is frankly coming from a small subset of a part of what is currently what I would call the Rump Coalition that is governing Thailand, that seems to be enamoured with World Economic Forum policies and paradigms. But let's get into this. 

I thought of making this video after reading a recent article from the Thai Examiner, thaiexaminer.com, the article is titled: Thumbs up from economic gurus for 2027 Negative Income Tax plan. It's a game-changer for progress. Progress for what? Communism? I always love that term "progressive". Progressing toward what? They never tell you what they are progressing toward. And “Negative Income Tax”. It is not Negative Income Tax. It is a possible handout or not even that; it's not a handout. A handout presumes somebody is giving something to someone else. This is redistribution of wealth, and they are attempting to do this through tracking, taxing and tracing people who are in the lower and lowest echelons of the socio-economic strata in Thailand. It is very similar to when they tried to impose this tracking and tracing for all the street vendors here in Thailand. Quoting directly: "Thailand's 2027 Negative Income Tax plan" – that is a total misnomer. This is a massive power grab attempt by this WEF obsessed government to broadly expand the so-called tax base on people that heretofore have never owed taxes, don't need to pay taxes, because they quite frankly are on such a low level of income, that it is not warranted. Quoting again: "Thailand's 2027 Negative Income Tax plan, backed by experts" - backed by experts! Eh! What does that even mean? Who are experts? And experts at what? Taking other people's money? Quoting further: "Aims to cut poverty, tackle inequality, modernize welfare," - I always love "inequality". We are going to tackle inequality. So it means we are all going to be at an equal level of serfdom. Quoting further: "Modernize welfare, integrate informal economy, and give millions of low-income citizens a lifeline while strengthening the nation's fiscal health." Quoting further: "Thailand plans to introduce a Negative Tax System by 2027, and it is gaining strong backing from experts and the private sector." What experts and who? And by the way, are these people in the so-called private sector huge consortiums that stand to make money by the tax and trace implementation, the mechanisms by which this will be done? Or is it the actual little vendors and street people who just want to do business and have to live hand to mouth. I am betting if you do a survey of those people, you are going to find pretty high into the 90 percentiles, they are not interested in this. Quoting further: "Finance Ministry Permanent Secretary Lavaron Sangsnit unveiled the proposal this week." So is this one of the experts? Some bureaucrat guy? Quoting further: "The move could transform the economy and reshape society," - yeah, into what? A communist hellhole? - quoting further: "It aims to slash the sprawling black market," - yeah I love how this is all framed.

Anybody that has ever been to Thailand, we do have an informal economy. That informal economy, frankly was integral to Thailand surviving outside financial attacks such as 1997 which brought this country to its knees financially. What saved it? The fact that it has a real free-enterprise system that is not controlled, tracked and traced by a bunch of unduly influential foreigners who are trying to come into Thailand and impose neo-soviet methodologies. It's not a black market, it's free enterprise. Quoting further: "...and force money into the formal system." Note that word. "Force money, into the formal system. So this isn't being done by any kind of consent. No it's nudging, it's subterfuge, it's covert actions, and it's force. Quoting further: "At the same time, it would build collective responsibility for national growth." Collective responsibility? Like Communism? Quoting further: "The plan directly tackles rising inequality." - yeah, we have heard that already. Tackles it how? Makes everybody; I have often said "Communism is serfdom with clerks"; that is what we would end up with. Quoting further: "Today 14.55 million people live below the poverty line worsened by the COVID-19 crisis." Well yeah, which was imposed by Government. I get into that in a video made contemporaneously with this one, but yeah it was Government action that created the COVID crisis. Thank you. Quoting further: "If implemented, it could give struggling citizens a lifeline while shoring up the country's fiscal health." No, what it will do is it will extract health." No, what it will do is it will extract wealth from those who can afford it least and redistribute it inefficiently and lead to a further spiral into further economic hardship. That is what Socialism always does. Then it leads to communistic type of setups and that results in countries that basically completely falter. If you have any illusions about this, check out the entire history of the USSR and the Eastern Bloc, because that is where all of this “tackling inequality” gets us. 

This is antithetical to everything that I ever learned about being a Thai, okay. Thailand stood against this kind of communistic crap for decades; it was the one Domino that didn't fall. This is just nonsense and I hope, I truly hope, that in the coming weeks and months, cooler heads will prevail or we will see shifts in the current political situation because these people that are trying to roll this out and do so in such a way under the cover of, "oh we're helping you, we are giving you money" etc., I hope that this is seen for what it is and Thailand rejects it wholeheartedly.