Another great article on Thai royal wealth today,
The estimate of $70 billion is reasonable and in line with my own estimates, although we don’t know how badly land prices have been hit by the pandemic which has ravaged tourism 1/4
Excellent quote from Pongkwan Sawasdipakdi explaining why royal wealth is so central to the debate about the role and accountability of the monarchy 2/4
The article also mentions the extraordinary fact that despite its vast wealth and regular huge donations from Thailand’s wealthiest tycoons, the monarchy also gets around $1 billion a year from taxpayers. The palace is literally looting Thailand. 3/4
For decades, royalists pretended that the vast royal fortune belonged to the nation, not the king. This was just a lie, and it’s great to see today’s articles by
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