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Tom ******
This is a summary of
Tom ******
's contributions to the platform. They have posed 15 questions and added 321 comments.

QUESTIONS

COMMENTS

Tom *******
@Mark ******
funky logic. By that analysis, anything could be worthless tomorrow. Shares are bone fide assets in any modern economy so they should also be in Thailand.
Tom *******
@Graham *****
nope, I stay here through a visa related to marriage so my income should be based upon that and, in any normal country, a wife’s income and assets would be included in any assessment since they're legally joint assets. It’s just a cash grab as far as I’m concerned and a way to prop up and keep liquid, underperforming banks which are in the process of being taken over by fintech companies.
Tom *******
@Brown *******
it’s actually not stupid, it’s desperation. Few people keep funds in a Thai bank now either because they can’t afford to or can get a better yield elsewhere e.g. crypto etc., etc. That means the banks are short of funds so this helps in terms of much needed liquidity. I agree though that they should expand their base asset and allow additional assets instead of just Thai baht. I have to season the required 400K THB soon for a new Ext. of Stay which means liquidating funds I’ve been keeping on Thailand’s largest crypto exchange, Bitkub.com. That money has been there for almost 3 years but doesn’t count as an asset for my Ext. of Stay which is silly. My Thai wife’s assets can’t be included either even though as her husband, I’m supposed to be able to prove I can support her. Go figure!
Tom *******
Yes, true. It’s a lottery and I will just have to keep trying & hope I get lucky.
Tom *******
Steven de Blaquiere yeah I hear you. No two applications are ever the same in Thailand.
Tom *******
I’ve been registered at the same address for 18 years and they’ve never even been once. 555