Pheu Thai Party Clarifies 'Millionaire' Policy: Not Handouts, But Generating Revenue

On February 2, 2024, at the Pheu Thai Party headquarters, Dr. Phrommin Lertsureedet, a party leader, discussed the party's 'Millionaire Policy' for 9 people daily. He emphasized that the policy is not about distributing money, but about generating tax revenue. While most political parties discuss how to spend money, few explain how to generate income. Dr. Phrommin noted the policy was inspired by Taiwan's model from 1951, which initially increased tax collection by 75% and has since maintained around 20% growth. The World Bank research indicates Thailand has approximately 9 trillion baht in informal economy, which represents 50% of GDP. By bringing this money into the formal system and collecting taxes, significant revenue could be generated. The policy targets multiple groups, including everyday consumers, taxpayers, seniors over 60, farmers, and volunteer workers, offering them chances to win monetary rewards while creating comprehensive economic data systems.