@Jeff *****
hm. while concerns about rising costs are valid, the thai government can address most of those concerns through policies that ensure locals benefit:
- improving public services with increased tax revenue
- investing in affordable housing
- ensuring the owning class doesnāt spike prices unethically (savage capitalism behavior)
- creating safety net policies that can help thais increase their wages without turning kicking all costs to consumers.
itās the wrong perspective to look at the local thai population as a monolith, or as 100% burdened by growth in foreign population. in fact, most thais welcome foreign dollars. the condos we rent, the bikes we drive, the food we eat, itās mostly going to thai landlords, thai restaurant owners, thai business owners. hopefully, increases in businessā prices results in an increase in thai wages.
but at the end of the day, most of this is out of the hands of foreigners and mostly regulated by capitalism and government policies and protections. content that paints foreigners are the problem is bad logic. the thai government has to ensure that not only the middle and upper class benefits from globalizations efforts.
the best thing foreigners can do is invest properly, be of generous spirit and respect your place in the ecosystem.
economics is a big convo. not to be summed up in one or two facebook posts or a click bate youtube video. donāt quote me but from my research it seems a large group of the new dtv holders are just people switching over from other visas at this time so there isnāt any influx of wealthy people. those ppl are here and have always had fluid visa options. but digital nomads are seasonal, usually younger and less financially independent but still meaningful contributors to the economy.
all in all, there much good in increased tourism. just look at thailands many programs to attract more chinese tourists investment; russian migration, etc etc. but moralizing capitalism which is inherently immoral is already dooming the convo. wrong perspective buddy