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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.

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