General discussion, page-3354

No analogy.

Just the Thai royalties on gold are terrible over the long term, similar to the Australian income tax bracket creep. But in the case of Australia, the government regularly raises the tax brackets to offset this.

So over the long term, all Thai gold mines become less competitive globally (which is only KCN) - the government takes a bigger piece of the pie every year (assuming gold rises every year, alongside inflation). Unless the royalty rates get adjusted to account for this.


Re: colonialisation. They say 'no Western colonisation' - no British, Spanish or French. It seemed to not be in those countries interests to do so. But there is a lot of Chinese blood in control of the government and big businesses.

This is the Thai armed forces in 1780 -



And the British -


Their wars were mostly regional, with Burma and Cambodia (under different names and borders).


Plus the surrender/alliance to Japan after 5 hours in WW2. Then allowing the Death Railway from Singapore, through Malaysia, through Thailand, to Burma.



The Australian government organise ANZAC day at hellfire pass and the Memorial Museum in Kanchanaburi (van ride from Bangkok toward the Burmese border).