The government’s major task is to increase the number of people in the middle class as it is the path to the welfare economy, according to Chairman of the Board of the Bangkok Bank Kosit Panpiemrat.

The Bangkok Bank Chairman said at a seminar on the directions for the Thai economy, organized by the Economic Reporters Association on 4 April that the major task for the government was to build up the number of middle class people in the society. He said middle class people was an important unit leading to the welfare economy, since the higher numbers of them meant higher tax collection and that revenue could bring about other welfares.

via The Government is advised to create welfare economy : National News Bureau of Thailand.

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