billionaires

Let’s talk about real “Political Reform” (1) Promoting economic equality

By Giles Ji Ungpakorn

Oxfam has reported that the richest 85 people on the globe between them control as much wealth as the poorest half of the global population put together. Those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world’s population. The wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or 65 times as much as the poorest half of the world[1].

Many top billionaires are in the West. Thailand’s GDP is 40 times smaller than that of the USA , but Thailand has 3 billionaires who are among the world’s richest 85 people. According to Forbes, they are:

King Pumipon,  8th richest man in the world with  $44.24B

Dhanin Chearavanont,  58th richest man in the world with $12.6 B

Charoen Sirivadhanabhakdi,   82nd richest man in the world with $10.6B

Taksin Shinawat is the 882nd richest man in the world and the 7th richest Thai with $ 1.7B

These figures show that there is an urgent need to address economic inequality in Thailand by introducing a Super Tax on the rich in order to build a welfare state. Such a tax was originally proposed by Pridi Panomyong in 1933, but vetoed by the elites. But when we hear the “good and the great” preach about the need for “reform”, don’t hold your breath waiting for them to talk about a wealth tax or a welfare state.

(Photo Credit: tankist276/Shutterstock.com)

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