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caughtintheact

Member Since 2002-12-09
Offline Last Active 2012-02-15 12:13
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Posts I've Made

In Topic: 900,000 Tablet PCs To Be Handed Out Now: Thai Education Minister Suchart

2012-02-09 03:44:31

That is a lot of computers to test for viruses and other malware. Wonder who's going to test them all?

In Topic: Open Letter To PM Yingluck Re: Updating Laws Affecting Foreigners From Drew N...

2012-01-09 11:35:21

All actions have unforeseen and unintended consequences. One possibility is an increase rather than a decrease in the requirements. Be careful of what you wish for. It might come true, but not the way you want it to.

In Topic: Bill Clinton Takes Campaign Against Climate Change To Thailand

2010-11-13 18:27:15

Looks like the Nation never heard of ClimateGate. Whoops, I forgot, the science is settled...as a big scam.

In Topic: Bangkok DSI Acts On Billion Baht Pyramid Schemes

2010-11-11 15:05:28

Aside from the fact that the Nation's article seems to have a number of errors, like millions vs. billions?  If each investor put in  B3800 it would take 16,578,947 investors to get to 63 billion baht, and 16,579 to get to 63 million baht.    

In any event, don't blame the government. When "investing" money, the owner of the money is responsible for conducting due diligence -  BEFORE putting money into anything. Your money, your risk.  In a pyramid scheme the early investors usually get a return, and thus will not complain.    The early investors become the "credibility" for other "investors", who eventually lose their money.

There is no law against investing money, so as far as I know, the government cannot do anything until there are complaints.  When people see that their money appears to be making money, they do not complain. Since the minimum required investment is relatively small at B3800, and the returns shown on the web site are likely to be much higher than any market rates, why should anyone complain until they are pretty sure that the company will not pay them per the terms of the agreement?  

It makes no difference whether you are investing B3800 or B3,800,000.  Failure to act responsibly, failure to investigate the company and the people behind the company is not the "fault"  of the government. Pyramid and other scams are only profitable if they find greedy, gullible people.  The "investors" might get lucky and get some money back, but usually they do not.

In Topic: Thai Economist Calls For Urgent Reduction In Income Inequity

2010-10-18 08:35:26

Well said, Spee.  The best way to redistribute wealth is to go out shopping. Those who advocate government coerced wealth redistribution are just asking for a free pass to becoming slaves of the state.  Looking back at Thailand 40 years  there were practically no universities, and now there are many, booming and bustling with students.  There were hardly any TV sets in the country, communications were pretty poor.  Things have improved a lot.  What government coerced wealth redistribution really does is make everyone equally poor, except the rich elite who run the show. If the Thai want to remain free, they will eschew any thought of government-coerced wealth redistribution.

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