Shin Corp is a big mistake, apart from Suzhou Industrial
Project, Global Crossing and the current Indosat & Telkomsel.
If you have a company constantly making wrong major investment
decisions, there must be seriously something wrong with your
company. Moreover the CEO isn't independently hired for the
position based on her abilities, it's based on relationships, much
like the politics of China.
In business, you would also take in the political risk and assess
the returns from the investments. The last year's return from the
investment was less than 6% (can't be sure as I didn't check, but I
remembered it's around that figure), so their investment decision
confound me.
Thailand is a country throughout it's 20th century politics,
riddled with coups. Does it not make sense that a coup will
inevitably happen in the future.
How does GST help in securing job opportunities from overseas
company? Can you please elaborate?
Spreading the wealth to low income group? In the past low income
groups don't pay income tax, high income group pay income tax.
After they impose GST, low income group still don't pay income tax,
but they end up paying GST of 5%; whereas the high income group
(which used to pay 33% top income bracket), gets income tax reduce
to 20% (a reduction of 13%), while paying an increase of 5%
GST.
There is no private market for political appointments, the job
scope is different from other positions in the private market. We
would like that their pay remain competitive that they attract
capable people to do the job. But their pay scale is astronomical
by global standards. Why would you want to attract Bill Gates to do
the job when the job can be done by a comparable university
graduate? Either ways, the job gets done.
Running a large business corporation is different from running a
government. In a corporation, you would need to be a visionary,
contend with market conditions and manage the company.
Running a country is to maintain a basic standard of living
conditions for it's populace and maintain law & order.
You don't need a rocket scientist to do the job of an office
administrator!
