Not at all. What's embarrassing? No idea what you're talking about. Everything confirmed with Sydney Consulate and they're the people who will issue it. I think like others you're misreading what I'm saying. I'm only talking about RETIREMENT purposes, nothing else.
Not designed for retirees but can certainly be used by retirees who want to avoid the financial criteria, and pick up other bonuses with it. Also avoids going to immigration every year, which is a huge plus
I've got it worked out from the retirement angle. Most retirees don't want a work permit. And with no financial criteria to meet in Thailand there won't be any tax liability in Thailand
Yes I realise you are on the same page as me. Your initial post is pretty spot-on. Other posters here are making ludicrous claims that you can stay only 180 days per year, and each time you enter you pay another 10,000 baht. I'll bet these are people who have already paid the 50k for the LTR and are now melting down over this much cheaper alternative