But the wealthy aspect is skewed, if I show I have 50m dollars in the bank, a 100 metre yacht off the coast of Phuket and a 100m gaff in the Koh Samui mountains, I don't get off the starting blocks for an LTR. But if I'm poor enough to have to continue working after 50 and can show I'm earning a paltry 80k a year, I'm a shoe in!
It definitely doesn't exist in Thailand. Many many falang run companies within Thailand fold due to staffing loyalty issues! ie none. There is no such thing as a notice period, they just leave and you find out when you see them starting a new job via Facebook!
Its a major clusterfuck! Cash in the bank is not accepted as proof of wealth but if you invest in thai stocks that don't have a performance record or reputable fund manager, you're in!! They seriously expect you to drag funds away from the Nasdaq (trackers running around 30%+ at the moment and put it into thai run companies! Or of course a 'passive income' of 80k US which must be shown on a tax return. Rich retirees don't have tax returns because they're retired!!! Garbage scheme, dreamt up by not very intelligent office clerks
Playing devils advocate so would you. However console yourself with the top 1% of earners pay 24% of all personal income tax. If you were one of them, would you think thats fair? Envy is a corrosive aspect in any economy trying to grow. Don't envy, aspire!