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

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41–50 of 201 posts

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

#41
post #15

Brilliant, a bank's own think tank suggesting we have additional taxes on labour because capital suddenly finds itself more efficient. Alternatively, how about an annual levy of 0.5% on all wealth, including bank balances? I think there may be something else going on. "Essential" work has been allowed to continue, and "essential" had basically been defined as anything directly contributing to economic output. Meanwhi…

I'm curious, which jobs do you define as bullshit?

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

#44
post #32

To put some context on this, this is a “think piece”, not an official position of a large multi-national bank: > Deutsche Bank says its research is designed to spark debate around a series of important topics. > Report author Mr Templeman said he'd had a lot of feedback on the report. "A lot of people aren't impressed at the idea of another tax, however, some have seen it as an interesting policy that governments can…

> It also wouldn't apply when people are asked to stay home for a public health emergency or other medical reasons.

So what is this even attempting to accomplish if it wouldn't apply during a pandemic?

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

#45

Instead of penalizing change, why not encourage it? When you work from home, you don't put anywhere near the carbon into the atmosphere that you would commuting. You also spend a lot less on lunch, and you don't need to put your children into state-run schools that are really there to function as daycare centers as much as they are to educate. If all of that office space in downtown areas stays dark, and the zoning l…

It's Germany, penalizing change is what they do best. Paying a flat tax on all writeable media to fund GEMA. Having to use Sofortüberweisung for online payments, etc.

In Germany many people are already penalized for working from home, because the tax exempts for commuting are quite generous.

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

#46
post #15

Brilliant, a bank's own think tank suggesting we have additional taxes on labour because capital suddenly finds itself more efficient. Alternatively, how about an annual levy of 0.5% on all wealth, including bank balances? I think there may be something else going on. "Essential" work has been allowed to continue, and "essential" had basically been defined as anything directly contributing to economic output. Meanwhi…

I'm curious, which jobs do you define as bullshit?

There's a whole book on that:

https://en.wikipedia.org/wiki/Bullshit_Jobs

To quote wikipedia

  "The author contends that more than half of societal work is pointless, both large parts of some jobs and, as he describes, five types of entirely pointless jobs:

    flunkies, who serve to make their superiors feel important, e.g., receptionists, administrative assistants, door attendants
    goons, who oppose other goons hired by other companies, e.g., lobbyists, corporate lawyers, telemarketers, public relations specialists
    duct tapers, who temporarily fix problems that could be fixed permanently, e.g., programmers repairing shoddy code, airline desk staff who calm passengers whose bags do not arrive
    box tickers, who create the appearance that something useful is being done when it is not, e.g., survey administrators, in-house magazine journalists, corporate compliance officers
    taskmasters, who manage—or create extra work for—those who do not need it, e.g., middle management, leadership professionals

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

#48
Might Deutsche Bank be sitting on a non performing commercial real estate portfolio?

Alan Sugar (British Trump equivalent) similarly issued a demand for people to "get their asses back in the office" after telling everybody his commercial real estate portfolio wasn't performing: https://www.standard.co.uk/business/lord-sugar-offices-prope...

https://metro.co.uk/2020/09/03/lord-alan-sugar-calls-on-gove...

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

#50
post #27

Why not "tax people with a lot of money, to help pay those who do not"?

Or those who gained a lot from the crisis? It's not like they were planning for a pandemic; for e.g. zoom this was simply a windfall. Why not tax that?

I beg you explain. First of all, what are you going to tax? Sales / VAT tax? Revenues? Profits? Why is the existing VAT inadequate for this? Is the new tax just going forward, or is it retroactive? How much is Germany specifically supposed to tax NASDAQ:ZM, incorporated in the US?

Why just tax Zoom — Cisco, Google, and others have meeting products too (I'm stuck on WebEx, eww) so why should they be treated differently?

And if we do that, what does it say that we tax this thing that helps keep the economy from collapsing in the current crisis, punishing it financially, as if we resent it and want less of it?

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