Transcript of the above video:

As the title of this video suggests, we are discussing the fact that this Government seems to be hell bent on trying to reduce "cash based" transactions. Let's jump into this. I thought of making this video after reading a recent article from the Thai Examiner, that is thaiexaminer.com, the article is titled: Huge economic change as Reverse Tax Plan is being pushed by the Phue Thai government as it battles on. 

I love this hyperbole; they are not battling on. They are barely holding on with a very brittle small Coalition, and I would argue depending on whatever comes before Parliament, they probably don't have a majority; again, it would depend on the circumstances. That said, quoting directly: "The reform aims to strike at the heart of Thailand's vast informal economy" - you mean the free-market system we have operating here in Thailand? And the privacy and liberty that Thais enjoy as a matter of course? That informal economy? Which I have also noted, this publication has called the "black market" or the "black economy". What's the big deal with labeling this stuff somehow negative, or somehow wrong because it is privacy and it's free enterprise. Where did this presumption come from that people don't have a right to private, to privately transact, without any oversight or interference from some totalitarian regime, especially one brought in by some foreign outfit like the World Economic Forum who has no business influencing Thai Policy to begin with. It is undue foreign influence. To my mind, it has serious implications for Thailand's sovereignty. Quoting further: "which accounts for up to half of all business activity. By requiring full income declaration, the Government hopes to reduce cash-based transactions." 

Two things there. Tons of people because they are at the lowest end of the socioeconomic strata here in Thailand, are not required to do tax reporting. This current government, presumably inspired by the World Economic Forum, which the prior Prime Minister seemed so enamoured of, and the present now suspended Prime Minister had a meeting with their envoy in the Purple Room, seemed so enamoured with as well, these folks are not subject to tax because they don't earn very much money. Why are we drawing them into some totalitarian debt at the behest of foreign influence? So that's the first one when it comes to “full income declaration”. And then it seems the end in and of itself is "reduce cash transactions". Why? Because cash transactions are private? Because the government doesn't get to nose around and be a nanny-minder about what we are all doing? And doesn't get to tax every little thing that these poor and middle-class Thais are making to just earn their living? I mean this is parasitical. Quoting further: "bring more economic activity into the formal sector.” So into the sector where you can track and trace and tax the hell out of it and thereby destroy that economic activity or through totalitarian methodologies, suck up all the liquidity, like we are currently seeing with the banking problems and the digitization of that and all this neo-Soviet stuff where people can't transfer more than 50,000 Baht or they have got to do all this biometric crap, or they can't make any transfers digitally until they go into some Government, sort of semi-Government totalitarian semi-Fascist kiosk office and give all their data over before they can move very small amounts of money around. And what's the upshot of that? There is no liquidity in the economy; there is no velocity of money. The gears are grinding. It's having a tremendously negative impact on the Thai economy and if you don't believe that, just go look around and compare it all to last year. That's what this government as WEF obsessed as they are, is bringing us. Quoting further: "into the formal sector and raise state revenue for infrastructure, education and healthcare." I thought we were doing pretty good on all that anyway. Healthcare here is held way better than anything in the West that I can think of, and then infrastructure, we've been doing fine on that. It wasn't until we got this government that put this country into further debt, frankly as I have discussed in other videos, seemingly it may be a "nuclear" political albatross, I used nuclear in quotes because that is how it has been described, where they came along with his Digital Wallet which was intended to track and trace everyone but to fund it they basically robbed fiscally responsible programs that were going toward paying off prior debts, they went to rob that, to give this “so-called” handout which was really just totalitarian tokens in disguise; that was all it really was. And I mean yeah, so long story short, we were doing fine before all of this outside undue influence came along and started having an impact on Thailand. 

That said, quoting further: "Furthermore, the changes come amid growing fiscal strain. The Government revenues are falling" - well that's what happens when you shut down an economy for 3 years which is what happened again at the behest of undue foreign influence when we saw places like the WHO run by a true communist, Tedros, impose all of this “pandemic” nonsense that turned out to really be nonsense. At the very least it was an over-exaggeration of a quite innocuous, maybe you could call it a little bit more virulent cold and flu season is the terminology we would have used in the past. And using that as a pretext to bring in totalitarianism and shut down the economy. The Revenue Departments of the world have a problem with the fact that their revenues are down. Well you can't shut people down for 3 years and then expect them to be able to pay at the levels that they paid before, and also, you have to take into account all the businesses that died during that shutdown. That's the ramifications of what we are seeing now. It was government overreach that got us into this, and government overreach will only make it worse; it will not get us out.

Quoting further: "and this year marks the first in recent memory without a budget increase." Well darn it! Hey, again you shut down the economy for 3 years. In the aftermath of that, there will be consequences. We can't spend money like we did before. We have to build back up through rational Free Enterprise in a real economy, not control, command, communistic neo-soviet totalitarianism. Quoting further: "In recent years, shortfalls have been covered by borrowing through state-owned banks," - No, No. That wasn't what happened. We were doing fine and then the Digital Wallet was rolled out and they robbed all kinds of money from all kinds of places to try and pay for that handout and the result of it is now we have got budget shortfalls. I did the videos at the time; I'm on the record talking about it. That's exactly what happened. Quoting further: "a practice critics warn is unsustainable." Yeah, it is unsustainable. It never should have happened in the first place, and it happened for the exact kind of WEF nonsense that we are yet again seeing in trying to roll out this broad very, very anti-free market, very, very detrimental on the poor program that is trying to be rolled out now to try and tax and trace everybody, especially at the lowest ends of Thailand's economic strata.