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Thailand 'elite' Program In TattersThaksin's dream of luring the elite lies in tatters


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#201 Abrak

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Posted 2009-08-13 14:45:29

View Postmidas, on 2009-08-12 19:18:54, said:

View Posttorrenova, on 2009-08-12 17:45:58, said:

That some people say it is chicken feed, then I don't believe them. Why ? because to get to a position where Bt1m is an inconsequential amount of money means you did not spend your previous time throwing away $30,000 here and there.

Spot on :)
Oh really? Try explaining that theory to Paris Hilton or to any owner of a reasonable yacht - say an Azimut 62. The day you first step on board you have probably lost US$250,000.

#202 FD333

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Posted 2009-08-13 16:34:21

Most long-termers would not have touched the idea with a barge pole with the exception of being able to buy a rai of land. The whole Thaksin inspired idea was , if nothing else, a wretched, tasteless marketing idea. It is the kind of 'luxury caste' idea that Hi-So Thais would eat up, not by and large foreigners. However this was Thaksin's pet project and no-body at the time had the balls/gumption/death wish to tell him otherwise.

Thaksin and lackey's simply thought that the Thai Hi-So mentality to entitlement transfered into the international arena. It apparently had not occured to them that on a global level, most people who have 'succeeded' in life enjoy the fact they can spend money lavishly, that it's all a little nouveau chasing after discounts. The take up rate proved this.

But, I love the next part of the "Elite" debacle. Milking a limited number of gullible foreigners was one thing but how 'the funds' got re-circulated out the back door really is amusing. Golf courses getting baht 20 million up front? Elite then paying the golf courses baht 4,600 a round ( I wonder, is Alpine Golf Couses on the list perchance?)

Running costs recently chopped down to baht 200,000,000?

Thammasart University Economic Service Centre ( there's a mouthful) then apparently consulted with the local bar-beer to conclude, no business, raise the price! Baht 1.8 million!

However if we are talking about how many dumb-arse foreigners did sign up...

...how many people have to come on here with the 'impressive' comment 1 million baht is chicken feed? It is, by and large an anonymous forum so whats the point is trying to impress with who's got the biggest wallet? When you forget your gold Rolex Daytona at the golf club (as a naff yet pricey example) do you call the clubhouse upon a panic , or forget it and go to Paragon the next day to buy another? In real world terms 1 million baht is a considerable sum, and as someone rightfully posted noboby got rich thinking it wasn't. So please spare us and put your Louis Vuiton murses (man-purse) back in your pants.

...as for explaining that to Paris Hilton, how in Gods name is this supposed to relate to anything? And if you are attempting to 'talk' luxury drop the Azimut 62' routine ( thats little more than a dayboat)...she wouldn't be seen on anything smaller than a Benetti.

#203 dr_Pat_Pong

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Posted 2009-08-13 16:48:19

Elite deserves a decent burial asap, and the punters should be repaid.

#204 Scott

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Posted 2009-08-13 16:52:33

It would be very interesting to know something about the people who bought the card. I have known a few quite wealthy individuals and by and large, they knew a good deal when they saw one--and this wasn't a good deal. They also weren't enamoured with places like Thailand, in general. All the things most of us get cheaply here, they can get anywhere, anytime they want.

I can only figure that perhaps some business people who need the convenience of the visa for business purposes etc. and have money to spare would be buying it. Also some of the new rich who are just silly with money.

#205 scorecard

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Posted 2009-08-13 19:01:25

View PostFD333, on 2009-08-13 16:34:21, said:

Most long-termers would not have touched the idea with a barge pole with the exception of being able to buy a rai of land. The whole Thaksin inspired idea was , if nothing else, a wretched, tasteless marketing idea. It is the kind of 'luxury caste' idea that Hi-So Thais would eat up, not by and large foreigners. However this was Thaksin's pet project and no-body at the time had the balls/gumption/death wish to tell him otherwise.

Thaksin and lackey's simply thought that the Thai Hi-So mentality to entitlement transfered into the international arena. It apparently had not occured to them that on a global level, most people who have 'succeeded' in life enjoy the fact they can spend money lavishly, that it's all a little nouveau chasing after discounts. The take up rate proved this.

But, I love the next part of the "Elite" debacle. Milking a limited number of gullible foreigners was one thing but how 'the funds' got re-circulated out the back door really is amusing. Golf courses getting baht 20 million up front? Elite then paying the golf courses baht 4,600 a round ( I wonder, is Alpine Golf Couses on the list perchance?)

Running costs recently chopped down to baht 200,000,000?



Quote from above: "...It is the kind of 'luxury caste' idea that Hi-So Thais would eat up, not by and large foreigners. However this was Thaksin's pet project and no-body at the time had the balls/gumption/death wish to tell him otherwise. ..."

Sorry I totally disagree with your comment about ".... Hi-so Thais would eat up...". I've been in Thailand more than two decades and I've had lots of contact with every level of Thai society. I can promise you that 99% of Hi-So Thais have no desire whatever to mix with Hi-So westerners.

I do agree with your comment "....Thaksin's pet project and no-body at the time had the balls/gumption/death wish to tell him otherwise. ...".

Lastly, I don't agree with the numerous comments bashing people who bought the card. It's their business totally.




Thammasart University Economic Service Centre ( there's a mouthful) then apparently consulted with the local bar-beer to conclude, no business, raise the price! Baht 1.8 million!

However if we are talking about how many dumb-arse foreigners did sign up...

...how many people have to come on here with the 'impressive' comment 1 million baht is chicken feed? It is, by and large an anonymous forum so whats the point is trying to impress with who's got the biggest wallet? When you forget your gold Rolex Daytona at the golf club (as a naff yet pricey example) do you call the clubhouse upon a panic , or forget it and go to Paragon the next day to buy another? In real world terms 1 million baht is a considerable sum, and as someone rightfully posted noboby got rich thinking it wasn't. So please spare us and put your Louis Vuiton murses (man-purse) back in your pants.

...as for explaining that to Paris Hilton, how in Gods name is this supposed to relate to anything? And if you are attempting to 'talk' luxury drop the Azimut 62' routine ( thats little more than a dayboat)...she wouldn't be seen on anything smaller than a Benetti.


#206 mrtoad

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Posted 2009-08-13 19:20:18

View Postdr_Pat_Pong, on 2009-08-13 16:48:19, said:

Elite deserves a decent burial asap, and the punters should be repaid.

Agreed 100% with that.

#207 Abrak

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Posted 2009-08-13 19:30:39

View Postmrtoad, on 2009-08-13 19:20:18, said:

View Postdr_Pat_Pong, on 2009-08-13 16:48:19, said:

Elite deserves a decent burial asap, and the punters should be repaid.

Agreed 100% with that.
As one of the punters of TE, I can sympathize although not necessarily agree it should be buried. I do not see why I should be repaid.

#208 thaijasmine

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Posted 2009-08-14 10:04:24

View PostAbrak, on 2009-08-13 19:30:39, said:

View Postmrtoad, on 2009-08-13 19:20:18, said:

View Postdr_Pat_Pong, on 2009-08-13 16:48:19, said:

Elite deserves a decent burial asap, and the punters should be repaid.

Agreed 100% with that.
As one of the punters of TE, I can sympathize although not necessarily agree it should be buried. I do not see why I should be repaid.


What a very strange perspective you have :D
Because if you were repaid..........and you still dont need the money for example you give it to the many
homeless kids around Klongtoey ? better than it being in the pockets of thai elite crooks ? :)

#209 midas

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Posted 2009-08-14 10:19:03

View PostAbrak, on 2009-08-13 14:45:29, said:

View Postmidas, on 2009-08-12 19:18:54, said:

View Posttorrenova, on 2009-08-12 17:45:58, said:

That some people say it is chicken feed, then I don't believe them. Why ? because to get to a position where Bt1m is an inconsequential amount of money means you did not spend your previous time throwing away $30,000 here and there.

Spot on :D
Oh really? Try explaining that theory to Paris Hilton or to any owner of a reasonable yacht - say an Azimut 62. The day you first step on board you have probably lost US$250,000.


rather weak analogy ..... :)
I interpreted the " throwing away $30,000 here and there " as having the ability to recognise when you being ripped off or not :D
If you want to buy an Azimut 62 or say a new Bentley - its accepted that it immediately loses value once it leaves the showroom but you still own the tangible asset
that you chose for your personal pleasure.

Not the same as paying 1 million upfront for a piece of plastic :D

Edited by midas, 2009-08-14 10:20:34.


#210 gerry1011

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Posted 2009-08-15 09:46:27

View PostAbrak, on 2009-08-13 14:45:29, said:

View Postmidas, on 2009-08-12 19:18:54, said:

View Posttorrenova, on 2009-08-12 17:45:58, said:

That some people say it is chicken feed, then I don't believe them. Why ? because to get to a position where Bt1m is an inconsequential amount of money means you did not spend your previous time throwing away $30,000 here and there.

Spot on :D
Oh really? Try explaining that theory to Paris Hilton or to any owner of a reasonable yacht - say an Azimut 62. The day you first step on board you have probably lost US$250,000.

I agree that Azimut 62 is a reasonable boat which you might want to keep in Thailand (and loose money with) (and make people jealous) (but many friends happy).
Such a boat is nice to go at sea with friends and have an ice cream, but it would not impress many people in Europe (apart from the Thai expats who go on holiday there, of course). Azimut is like the "Lexus of the sea". A nice enjoyable toy, but not top of the line yet. The pity is that harbours in Thailand are really boring places, created as "secluded luxury enclaves", which is not funny at all (in my opinion).
Going back to the main subject, if someone buys such a reasonable boat (for around 85 million), it is asumed that he is not serious about the money it will cost him to enjoy it, which is several millions a year (depending on how many ice creams' trips he makes). To own a boat is reaaaally not an interesting deal, everybody knows that. But then, how comes so many people still buy boats? Just because they can afford it !
If you add a TE card to only the costs of such a boat, the TE card fee is really negligible and probably not worth speaking about. This is why some members would not miss the occasion to buy a TE card. It is cheap and gives a nice visa and some comfort for long stays. A great product :)

#211 midas

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Posted 2009-08-15 18:11:10

View Postgerry1011, on 2009-08-15 09:46:27, said:

View PostAbrak, on 2009-08-13 14:45:29, said:

View Postmidas, on 2009-08-12 19:18:54, said:

View Posttorrenova, on 2009-08-12 17:45:58, said:

That some people say it is chicken feed, then I don't believe them. Why ? because to get to a position where Bt1m is an inconsequential amount of money means you did not spend your previous time throwing away $30,000 here and there.

Spot on :D
Oh really? Try explaining that theory to Paris Hilton or to any owner of a reasonable yacht - say an Azimut 62. The day you first step on board you have probably lost US$250,000.

I agree that Azimut 62 is a reasonable boat which you might want to keep in Thailand (and loose money with) (and make people jealous) (but many friends happy).
Such a boat is nice to go at sea with friends and have an ice cream, but it would not impress many people in Europe (apart from the Thai expats who go on holiday there, of course). Azimut is like the "Lexus of the sea". A nice enjoyable toy, but not top of the line yet. The pity is that harbours in Thailand are really boring places, created as "secluded luxury enclaves", which is not funny at all (in my opinion).
Going back to the main subject, if someone buys such a reasonable boat (for around 85 million), it is asumed that he is not serious about the money it will cost him to enjoy it, which is several millions a year (depending on how many ice creams' trips he makes). To own a boat is reaaaally not an interesting deal, everybody knows that. But then, how comes so many people still buy boats? Just because they can afford it !
If you add a TE card to only the costs of such a boat, the TE card fee is really negligible and probably not worth speaking about. This is why some members would not miss the occasion to buy a TE card. It is cheap and gives a nice visa and some comfort for long stays. A great product :D

You mean just pretend you never bought a TE card in the first place :)

Edited by midas, 2009-08-15 18:14:09.


#212 SHYTALK

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Posted 2009-08-21 16:00:44

View Postthaijasmine, on 2009-08-14 10:04:24, said:

View PostAbrak, on 2009-08-13 19:30:39, said:

View Postmrtoad, on 2009-08-13 19:20:18, said:

View Postdr_Pat_Pong, on 2009-08-13 16:48:19, said:

Elite deserves a decent burial asap, and the punters should be repaid.

Agreed 100% with that.
As one of the punters of TE, I can sympathize although not necessarily agree it should be buried. I do not see why I should be repaid.


What a very strange perspective you have :D
Because if you were repaid..........and you still dont need the money for example you give it to the many
homeless kids around Klongtoey ? better than it being in the pockets of thai elite crooks ? :)


No need to bring the democrats and their "masters" into this.

#213 plachon

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Posted 2009-08-21 19:00:26

I can't believe this doomed from the start project to part simple-minded fools from their money is still being talked about, let alone debated whether it was a good deal or not. Some TE punters have no shame I guess, but still, it has been entertaining for the rest of us, listening to their self-aggrandising justifications for throwing away a million on a useless piece of toxic plastic. :)

#214 gerry1011

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Posted 2009-08-21 19:17:50

View Postplachon, on 2009-08-21 19:00:26, said:

I can't believe this doomed from the start project to part simple-minded fools from their money is still being talked about, let alone debated whether it was a good deal or not. Some TE punters have no shame I guess, but still, it has been entertaining for the rest of us, listening to their self-aggrandising justifications for throwing away a million on a useless piece of toxic plastic. :D

It will talked about forever... , since guys like you always relaunch the "debate". You are part of the fun. Thanks :D
Let's go for another round... :)



 


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