Anutin Criticizes Pheu Thai’s “Nine Millionaires a Day” Policy, Emphasizes Need for Economic Planning

Bangkok: Anutin Charnvirakul has voiced his criticism of the Pheu Thai Party's "Nine Millionaires a Day" policy, drawing a clear line between it and the Bhumjaithai Party's "Half-Price Scheme."

According to Thai News Agency, Anutin, who leads the Bhumjaithai Party, sarcastically noted that distributing cash to nine people daily would require 20,000 baht for every Thai citizen to become wealthy. He referenced past initiatives, such as distributing 10,000 baht, which he argued failed to stimulate the economy and never reached completion. Anutin emphasized the importance of planning and budget considerations, criticizing the notion of adopting policies from other parties without thorough preparation.

Anutin highlighted the distinctions between the "Nine Millionaires a Day" policy and the "Half-Half" policy. He explained that the latter involves joint investment, fostering economic growth through increased spending and circulation of money, rather than merely handing out cash. He stressed that the public's satisfaction with the "Half-Half" policy is evident as they are content with receiving half the amount outlined in the policy, without demanding an increase.

Addressing potential drawbacks of cash handouts, Anutin argued that previous policies like the 10,000 baht distribution did not sustainably boost the economy, rendering assessments impractical. He pointed out that the "Half-Half" policy requires minimal academic evaluation due to its inherent benefits. Anutin also stated that policies should not be developed as reactions to competitors but should be well-planned and clearly communicated to the public.

Anutin questioned the feasibility and fairness of distributing large sums of money, asking how nine people would be selected to receive 1 million baht daily. He expressed concerns about the lack of financial discipline this might encourage and questioned the practicality of providing such payments to all 70 million citizens in Thailand. Anutin concluded by acknowledging the enormous time frame of nearly 20,000 years it would take for everyone to receive 1 million baht, highlighting the need for careful consideration and legislative preparation before implementing such policies.