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Tax working from home 'to support vulnerable jobs' – Deutsche Bank

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181–190 of 201 posts

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#181
post #171

Earlier quoted context omitted.

I was responding to a comment about “ruining everything good with taxation”.

Sounds to me like taxing WFH fits the description of "ruining everything good with taxation". I mean, there's already a progressive income tax. Why should society create incentives to commute to work?

I wasn’t commenting on a tax on WFH. I haven’t thought about it much, but I’m likely in agreement with you on that issue.

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#182
post #92

Earlier quoted context omitted.

Worker always pays all tax. If you get X and pay Y tax and employer also pay Z tax, the reality is that you make X+Y+Z and pay Y+Z of tax, it just happens that Z is attributed to the employer, but it makes no difference. So if the Z increases, then X and Y will decrease or if X and Y stays the same, it only means you are now making more, but the difference goes to the state purse. Now if the increase goes beyond the…

If the employer finds a way not to pay Z - do they give it to you? (No they don’t)

Then you quit and go to an employer who will give you Z.

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#183

Counterpoint: Tax employers additionally, since they now face lower rent and spend less on office supplies and coffee. Or, hell, tax high-income earners. For instance bank executives working for shady banks

In the article, it says > The tax would be paid for by employers and the income generated would be paid to people who can't do their jobs from home. But somehow nobody in this thread seems to have read that sentence.

Even worse, this encourages companies to needlessly maintain office space so as to shift the tax burden onto the employee. So you have the inefficiency from lost income for the employee and inefficiency of misallocated resources.

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#184
post #33

>Economists at Deutsche Bank suggest a tax of 5% of a worker's salary if they choose to work from home. >The tax would be paid for by employers and the income generated would be paid to people who can't do their jobs from home. That's what we want. We want to give people an economic incentive to go out and mix with people in the middle of a pandemic. I'm working from home right now, but if you told me 5% of my pay wo…

> We want to give people an economic incentive to go out and mix with people in the middle of a pandemic. No, but we do want to incentivize those essential workers who are risking their health and who are often at or barely above minimum wage. Workers at long term care homes, grocery stores, schools, et cetera. But such a plan is only superficially similar to the crazy Deutsche Bank plan.

If there were any problem with filling these positions, employers would offer higher wages until they could find someone to fill these "essential" roles or accept that maybe they're not so essential after all. In a properly functioning economy, people who risk their lives and do the things others are unwilling or unable to do but need to get done get paid a premium. If essential employees can't leverage their irreplaceability into higher wages, that suggests a deep systemic problem. This sort of welfare would allow the economy to get through the current crisis without addressing that problem and then get back to suppressing wages as usual.

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#185
post #169

Earlier quoted context omitted.

I was responding to a comment about “ruining everything good with taxation”.

You can collect taxes without ruining everything

> You can collect taxes without ruining everything

True -- which explains why the following rhetorical question is indeed a RED HERRING.

> Examples of large, modern societies flourishing without the use of taxation?

No one has suggested zero taxation anywhere in the thread that I can find...

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#186

Earlier quoted context omitted.

Preserve the status quo at all costs. Is there a term for that?

Here's the thing, everyone arguing against this tax is arguing for preserving the status quo as well. This pandemic has changed our situation, on every level from global to local. It's foolish to pretend it hasn't. I would gladly contribute a larger share of my income as taxes to ensure my community doesn't suffer, provided it was distributed equitably (which is a whole other complicated discussion.)

>> Here's the thing, everyone arguing against this tax is arguing for preserving the status quo as well.

This is not a true statement.

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#187
post #40

Earlier quoted context omitted.

> It's a bit like taxing cyclists 10 % of their income because they don't support the car industry... Good analogy. But their argument is even worse because they don't look at the other benefits of remote work on the economy.

It is also an extremely weird organisation to suggest this sort of thing. They're definitely not an organisation looking for fairness in the world, I've only ever heard of central banks implement policies for the general benefit or taxation, and then only with great reluctance, usually after their hand got forced. On the other hand they have a huge real estate portfolio (and mortgage portfolio) that I'm sure is now n…

Deutche Bank is not a "central bank".

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#188
post #172

Earlier quoted context omitted.

Because it's a stupid statement when there are companies that are making more money this year than they did ever before and that billionaires have increased their wealth by so much during this pandemic.

> Because it's a stupid statement when there are companies that are making more money (...) Again, that makes zero sense and is another blatant red herring. If the discussion is about taxing WFH to support vulnerable jobs, it makes absolutely no sense to waste time playing the whole whack-a-mole whataboutism game. If you don't want to discuss the topic under discussion, please refrain from commenting at all. You'll o…

Why not tax the corporations who stand to gain from long-term WFH? They will save millions on office space. Let's take that surplus rather than squeezing the employees yet again.

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#189
post #130

Let's not give these socialist policies any weight. They're destructive and virtue signaling and very short sighted.

Deutsche Bank, the famous socialist organization.

I was talking about the policies, not the organization.

Re: Tax working from home 'to support vulnerable jobs' – Deutsche Bank

#190
post #189

Earlier quoted context omitted.

Deutsche Bank, the famous socialist organization.

I was talking about the policies, not the organization.

If a bank proposes something, it's safe to say it's not socialism.
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