Thailand Needs to Soak Its Own Rich, Not Just Wealthy Tourists

Thailand's government is putting a lot of effort into attracting high-spending tourists, but this strategy overlooks a major issue: the substantial wealth of the local elite remains largely untaxed. This imbalance could undermine efforts to create a more equitable and sustainable economy. By not addressing the tax avoidance of its own wealthy citizens, Thailand risks entrenching economic disparities and missing out on potential revenue that could fund public services and development projects. It's a missed opportunity to foster a fairer distribution of wealth and strengthen the nation's fiscal health.