Cash handouts spark concern

Srettha Thavisin, a prime ministerial candidate of the Pheu Thai Party, announces the 10,000-baht handout policy in Nonthaburi province on Wednesday. (Photo: Pattarapong Chatpattarasill)
Srettha Thavisin, a prime ministerial candidate of the Pheu Thai Party, announces the 10,000-baht handout policy in Nonthaburi province on Wednesday. (Photo: Pattarapong Chatpattarasill)

The Pheu Thai Party's promise to give away 10,000 baht to anyone 16 or older as part of its proposed economic stimulus policies has raised some questions.

ORIGINAL WRITERS: SUPOJ WANCHAROEN, PENCHAN CHAROENSUTHIPAN and APINYA WIPATAYOTIN

The party said on Wednesday that if it can form a government after the May 14 general election, it will give 10,000 baht in digital currency to everyone 16 and over to spend on a local economic stimulus scheme.

The project was described by Pheu Thai's Paetongtarn Shinawatra as a blockchain technology-based effort to help distribute products made in Thailand abroad and bring digital currencies into the kingdom.

The 10,000 baht is to be spent within a 4-kilometre community radius within six months.

Pheu Thai's aim is to make Thailand Asean's fintech hub, Ms Paetongtarn said.

In response to this, a commercial bank employee said everyone likes free money, but the question is where it comes from. The scheme would likely be funded by the taxpayer, he said.

Anutin Charnvirakul, leader of the Bhumjaithai Party, declined to comment on the policy.


The United Thai Nation Party estimated the budget would run to 500 billion baht if 50 million Thais were each given 10,000 baht.

One second-year university student disagreed with the 10,000-baht handout policy and questioned the source of funding.

"The policy is disgusting," she said. "Do they really think most people are that foolish?"

Learn from listening

Click play to listen to audio for this story, or download to save the file
: :

Vocabulary

  • blockchain (noun): the technology behind Bitcoin -
  • budget: to plan the way money is spent - ให้งบประมาณ,ทำงบประมาณ
  • currency (noun): the system of money, usually, but not always, that a country uses - เงินตรา
  • decline (verb): to say politely that you will not accept something, do something, or say something - ปฏิเสธ, ปฏิเสธที่จะทำ 
  • digital: using a system of receiving and sending information as a series of the numbers one and zero, showing that an electronic signal is there or is not there - ซึ่งรับส่งข้อมูลด้วยการใช้ตัวเลข
  • disgusting: extremely unpleasant or unacceptable - น่ารังเกียจ
  • fintech (noun): financial technology and software -
  • foolish: not showing good sense or judgement - โง่
  • general election (noun): an election in which all or most members of a given political body are chosen. The term is usually used to refer to elections held for a nation's primary legislative body, as distinguished from by-elections and local elections (Source: Wikipedia) - การเลือกตั้งทั่วไป
  • handout: an amount of money or goods giving to people who need them - การให้ทาน
  • radius: a particular distance in all directions from a central point - รัศมี
  • stimulus scheme: a set of programmes, especially government spending programmes, designed to start an economy growing again - แผนกระตุ้นหรือฟื้นฟูเศรษฐกิจ
  • taxpayer (noun): ordinary people and businesses who pay money to the government as taxes - ผู้เสียภาษี, ผู้ชำระภาษี
Do you like the content of this article?
COMMENT
MORE IN SECTION