Conflict, Legitimacy and Government Reform: Equitable Allocation of ...
Conflict, Legitimacy and Government Reform: Equitable Allocation of ...
Conflict, Legitimacy and Government Reform: Equitable Allocation of ...
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40 KPI Congress XI<br />
cent. That means the properties owned by the richest families 20% are<br />
69 times higher than the poorest families. This tells us that wealth highly<br />
concentrates in only 20 per cent <strong>of</strong> the people in the country.<br />
Table 1: Household property by income group in 2006<br />
(1 = Poorest – 5 = Richest)<br />
Group % <strong>of</strong> the entire country<br />
Group 1 1<br />
Group 2 3<br />
Group 3 9<br />
Group 4 18<br />
Group5 69<br />
Source: Kiatpong, Wilatluk <strong>and</strong> Nalin, 2007<br />
The information concerning who has the largest amount <strong>of</strong> deposits<br />
or owns stocks <strong>and</strong> l<strong>and</strong>s the most which is the most important wealth<br />
indicator also supports the conclusion above.<br />
Bank savings: Statistics compiled by the Bank <strong>of</strong> Thail<strong>and</strong> for the<br />
month <strong>of</strong> June 2009 inform us that 42 per cent <strong>of</strong> bank deposits come<br />
from around 70,000 accounts that have over 10 million baht per<br />
account, accounting for 0.09 per cent <strong>of</strong> the total number <strong>of</strong> accounts in<br />
the country. Normally, a person has more than one account. On average,<br />
suppose each person has two accounts. If that’s the case, then it means<br />
42 per cent <strong>of</strong> the total deposit amount in the country belongs to only<br />
35,000 persons (or less than that, if many people have more than two<br />
accounts).<br />
The fact that deposits are concentrated in the h<strong>and</strong>s <strong>of</strong> a small<br />
group <strong>of</strong> people implies an extremely high income concentration because<br />
people who have huge deposits have better investment <strong>and</strong> incomegenerating<br />
opportunities than the have-nots.<br />
Stocks in the stock market: A researcher at Thammasat University<br />
is studying stock distribution in the stock market to probe how it is.