A statement made by Mr. Kiat Sittheeamorn, a former list MP and Democrat Party’s economic team member, regarding the Pheu Thai Party’s policy to give away 10,000 baht in digital money to facilitate family businesses and stimulate the economy, has raised five questions by the National Anti-Corruption Commission (NACC). The NACC posed questions about the policy’s management and applicability, including doubts about the policy’s coherence and clarity, the source of funds, and the eligibility criteria for beneficiaries. Mr. Kiat Sittheeamorn argued that the policy would give tax money to the rich and would not necessarily benefit the targeted 10-15 million people in need, making it a misuse of public tax money. He suggested alternative methods for stimulating the economy that produce better results with fewer resources. Additionally, he raised questions about the policy’s use of digital assets, the potential instability of digital money, and the readiness of merchants to accept digital payments. Finally, he requested the policymakers to clarify the policy’s details and its aligning benefits to the country and its people.
“NACC” asks 5 questions: Is the policy of giving away 10,000 baht digital money to support family business?
“NACC” asks 5 questions about the policy of giving away 10,000 baht in digital money, facilitating family businesses or not, stimulating the economy at the point to no avail People-Nation
On April 10, at 10:30 a.m. at the Democratic Party, Mr. Kiat Sittheeamorn, former list MP and candidate for list MP The Democrat Party’s economic team (NACC) spoke about the Pheu Thai Party’s 10,000-baht digital money giveaway policy, saying that the Pheu Thai Party’s policy issuance is different from the Democrat Party. who want to stimulate the economy by 5%, not creating more debt Change the money in the system to use for growth, spreading the economy, stable foundations.
However, he received a lot of questions about digital money. In which he had 5 questions and doubts: 1. He believed that political parties had to design responsible policies that clearly answered the questions. Not one day saying the same thing another day saying the same thing. Now I’m still confused about how many rounds will be organized every 6 months or 1 time and where the money will come from is still unknown. One day said 500,000 million baht, another day said from the central budget, 30% or 30 billion baht, everything did not match.
Most recently, he learned that he had clarified the Election Commission of Thailand (ECT). The question therefore lies with the Election Commission whether political parties can propose such a policy or not. It’s not a throwing stone to ask for directions day by day. So what’s the impact?
Mr. Kiat continued that 2. The Democrat Party does not agree with giving tax money to the rich. Out of 55 million people, there may be 10-15 million people in need of assistance, but the remaining 35 million people do not need assistance. but give them taxes to stimulate the economy He thinks that if this is the case, we do not agree. because it becomes a use of public tax money and to help people who already have enough income It can’t be said to stimulate the economy because there are many other ways to do it.
3. Why is it starting to give away from the age of 16? If you say that it will help students recover money from the rank, we are happy because it is considered the target. But if helping students who are not in trouble He disagreed, for example, students who drive to school or their parents drive every day. Because the public’s taxes are hard to come by. cannot be used like that 4. Taxes are limited. The burden of the country is huge. Every baht, every satang must be used to hit the target. Not scattered all over as a pawn. Offers a simple way, that is, anyone who doesn’t have a bank account or has a bank account but has less than 10,000 baht in money, brings the top-up money to him to meet the target. To the hands of people who really need help. and without having to go through anyone’s digital wallet
Mr. Kiat said and 5. Why digital money? It was learned that Sansiri Company bought shares of X Spring Capital Company Limited (XPG) in 2021. is a real estate business and digital property business Why this coincidence is unknown. But he who has been in politics for a long time sees that we have been through political crises because the Prime Minister went to negotiate FTA, every time he had to attach the satellite business.
obvious example Going to negotiate with China has moved the orbit to open the way for another satellite to pass. to negotiate with India and Australia It’s very clear it’s an agreement that specifies the name of the company at all. which does not exist in the world And why force 80% of the population to use cryptocurrencies? People who want to sell digital currency is a family industry or not, they don’t know, but the date of selling digital assets for public distribution. This company got rich instantly.
“There is also a problem with merchants whether they are ready to accept digital money. Will be able to cash in with anyone and will be reduced in value or not In the past, digital money was very volatile. Global banks affected So are we going this way? I think the results are not good enough. See only the benefits of digital property companies. but did not see the benefits to the people and the country Please answer it because it’s a big deal. And why is it appropriate to have a company that operates digital assets in the family? The person who announces the policy must come out and clarify it. because there are many ways If you want to stimulate the economy to meet the target, use less money, get more results, there are many ways. But this method uses a lot of money and produces little results,” Mr Kiat said.
In conclusion, the policy of giving away 10,000 baht digital money to support family businesses still raises many questions among political parties and citizens alike. The National Anti-Corruption Commission (NACC) has voiced their concerns by asking five questions, including the responsibility of political parties in designing and implementing policies, giving tax money to the wealthy, and the use of digital money. While the Pheu Thai Party claims that this policy will stimulate the economy and help people in need, others argue that it is not an efficient use of public tax money and may not be beneficial to the country as a whole. The debate continues, and only time will tell if this policy will come to fruition and have the desired impact.