Why does Thaksin want to become Prime Minister?

Why does Thaksin want to become Prime Minister of Thailand? Two professors from Thailannd, Pramuan Bunkawanicha and Yupana Wiwattanakantang, study the stock market valuation change of politically-connected firms in Thailand and provide an answer: there is a lot of money in it! Connected firms' values jumped right after Taksin won the election, and stock prices continued drifting upward for the next two years.

Let me explain to you what this means. First, it means that all investors believed  that Taksin’s victory will benefit his connected firms, to some extent. Second, the continuing drift of price upward suggests that, at the beginning, investors underestimated Thaksin’s ability to create private benefits for his cronies, and over time they found out that he is very very good at it.
So, never underestimate the thickness of a politician’s face.

Tycoons Turned Leaders: Market Valuation of Political Connections   
Abstract: In this paper, we analyze the outcomes when a handful of business tycoons became the country leaders as premier and cabinet members. The first nomination of the Thai Premier in 2001 allow us to identify such an event. The event study shows that immediately after the tycoons won the general election, the stock market recognized the value of the firms owned by tycoons-cum-leaders. These firms experienced a significantly higher market valuation than other firms in the following two years. Interestingly, one year prior to having political power, the firms owned by tycoons-cum-leaders did not perform differently relative to other firms. Overall, the results indicate that political power is value enhancing to connected firms. Tycoons-cum-leaders have a political rent-seeking advantage to extend various economic favors to their firms.

Comments

[Kunsan]

Taksin only do for his beneficial and make megabucks for his family with amtbitious to be supreme leader of Thailand for protecting his business.He do not worry about the benefit of Thai Nation and can do every things even sale Thailand to anyone who can give him the Megabucks and give poor Thai peoples for only crumb.His ambiuous Megaprojects is nothings no feasibility study even interim study report.He do this only for his Mega coruptions.He is a conman use secret information in floating bath value in 1997 for make ample rich for him and his company. He is a lair man by lie everday untill he believe the words that he spoke are the truth.In long run if Taksin still in his power Thailand will callapse like Ayuthia in the past history of Siam.

[Research Code 00115679 NRCT 90 UNESCO 530]

Common People can not harmony with Bandits. Good can not harmony with Bad. Like Water can not harmony with Fire. Becuase this word ,made Ayuthia lose to Burma, The Harmony do nothing only wait for flood season to make Burmesse reteat but they not reteated but loot and burn down Ayuthia and took Harmony people to be slaves in Burma (If they only fought like Bangrachan peoples and King Tak Sin the Great, We would protected Ayuthia from burn down becuase there were many canons and gun poweder and amunitions in Ayuthia,that is a information from the Ducth East Company record) , this is a worse lesson to the Thai people. We do not want to be depency in economic, our child will be employees to Singgapore and Thailand have Singapore soldiers in our mother land. It is very embarsment to thai soldiers who serve our country and recieve payroll from our tax.

[Research Code 00115679 NRCT 90 UNESCO 53000]

Taksin is planning to set up Spacial Economic Areas in Thailand and sale to Singapore, one of his plan is Suwannapoom.He is a traitor.

[Freelance Researchr Code 00115679 NRCT 90 UNESCO 53000]

Taksin and cartaker carbinet, should resign before political dead end , and use code 7 of constitution before bloodshed.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

Dear Sir,
From now on, all rivers of dirty money and Corruptions will come to Taksin and TRT Party because they absolute control the Nation. They will enjoy with violent human rights and genocide and sale our motherland . It very sad story,Ratanakosin will go down like Ayuthia in 1767 and our children will be employees of Singapore, poor people will recieve only crumb and little meat with bone from them. I would like to cry out for our Motherland. They are only one way out by using code 7 of constitution for solving this dead end..
Best regards.
webmaster@siamhome.com

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

I do not know why Election Commission do great beneficial to Taksin and TRT party in every way that they can do, Why they do not think about his Motherland that give them everything, edication, posititon. livinplace etc., why they can do wrong for his boss and do not think that his boss are mortal and they are not always absolute power. Are they sold their soul to Satan?

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

You can notice that why Baht value is very rigid because Taksin and his Care Taker Carbinet set up Baht value rigid for beneficial of their dirty money from corruption can change to foreign curency in more value.

[kunsan]

I do not believe the leader of countries in Europe will have a cup of coffee with Taksin. It is a liar story.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

Election Commision is dam mad, set up several time elections until a few day to the dead line 2 May 2006. They make risk to violence Constitution code 104.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

The only way to be free from Taksin's regime and political dead end is use code 7 of constitution before Thailand is corrupt.

[kunsan]

TRT party are you mad dogs,doing every thing for your own beneficial and do not care your matherland to be slave of Sianggapore, you are Bozos.

[kunsan]

This Eleition is foul, It very embarassing Election Commission, No democracy way at all. It is nothing.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

When some lawers who support Taksin by using law for benificial of themselve and TRT party by double standard in reading the law, What will happen, some people that think logicly may have use civil disobedience for decent integrigrity and honour for protecting our nation, It is very dangerous and crisis time now. For the peace of nation, Taksin and cartaker carbinet should resign now because it is political dead end and dangerous to our country.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

Why I do not believe in Thai Rak Thai's Megapojects Policies because there are no even intentive study, initial surveys, interim study, feasibility study, intentive design,detial designs and appraisal bill of quantity and term of references. If they do by Lumsum turn key procedure. These Megprojects will be extreme expensive cost and can not check appropriete cost, these will make opportunity for megacorruptions.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

Taksin's Thai Rak Thai Party and Election Commission should stop doing eveythings by waiting for three Courts declare orders.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

There are not democracy election at all but only republic election because there only Thai Rak Thai Party and nominees for people to vote in this election.

[lingkang]

Go and never return, Sleep never awake, No live again, Can not run away, for Taksin, Thai Rak Thai Party and Election Commision, damn blood suckers for corruptions.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

From past information showed that Taksin would like to take over TPI by use power of his Thai rak Thai party government.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

If the government leader who is ample rich that mean what he wills that the law wills for his family and his own business. He will control every things, because he have power to issue laws for his own beneficial, there are many government commission such as BOI etc., that can give benefit to his family, corporation and his party. He will command public servant do any things to him for protect him from do wrong things, because Law enforcement is his power that is the answer why Taksin want t be Prime Minister as long as he can. And want more power never ending.

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

Taksin government is broke. This is the reason , why Thai Rak Thai's government would like to sale government's enterprises.
For example.
The big share holders of Petroleum Authority of Thailand pty. (PTT), on 20 July 2005 close account for ad hoc meeting of share holders report 1/2005 are :
- STATE STREET BANK AND TRUST COMPANY 41,357,392 1.48
- BARCLAYS BANK PLC 35,125,000 1.26
- HSBC (SINGAPORE) NOMINEES PTE LTD 32,616,368 1.17
- NORTRUST NOMINEES LTD 26,832,736 0.96
- STATE STREET BANK AND TRUST COMPANY, FOR LONDON 24,652,899 0.88
- GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION 21,658,100 0.77
The net profit that report to SET is rapidly rising :
Year 2003 PTT had profit 22,099 Million Baht.
Year 2004 increase to 120,989 Million Bath.
Year 2005 increase to 194,539 Million Baht
About 51 % of shares belong to government, the remain belong to politician’ nominee and Singapore

[Freelance Researcher Code 00115679 NRCT 90 UNESCO 53000]

Election commission think that they can do no wrong and have full power to do any things regard to Election. I do not no why they can do meetings by telephone, how to record the reports, ratify the meeting reports and is it official evidences? I assume it will be nullify and violence human rights by supporting Thai Rak Thai Party obviously.

[R-Squared]

Thaksin runs a small government, a balanced budget and declining public and foreing debt ratios. Why are Thai people still unhappy and why do Thai people still call him a "populist" who waste public money to patrionize his own constitutency? Can any one give me an anwer based on data?