Tuesday, November 17, 2020

Get Ready for the “Work From Home” Tax

That Will Be 5% Sir

So this is what the Great Reset is going to look like: MORE TAXES.

Deutsche Bank has released a new report titled "What We Must Do to Rebuild," which examines ways to rebuild the global economy in the wake of the COVID-19 lockdowns.

 One section of the report, written by Jim Reid, Deutsche Bank's Global Head of Fundamental Credit Strategy and Thematic Research, offers this:

Working from home will be part of the 'new normal' well after the pandemic has passed. We argue that remote workers should pay a tax for the privilege. Our calculations suggest the amounts raised could fund material income subsidies for low-income earners who are unable to work remotely and thus assume more 'old economy' and health risks.

A later section by Luke Templeman adds: 

A five per cent tax for each WFH day would leave the average person no worse off than if they worked in the office. It could raise $49bn per year in the US, €20bn in Germany, and £7bn in the UK. That can fund subsidies for the lowest-paid workers who usually cannot work from home.[…]

As Simon Black at SovereignMan.com observes:

So apparently all of us working from home are just lazy, good-for-nothing bums in the eyes of Deutsche Bank.

This ‘research report’ seems more like something out of Communist student newspaper, not one of the world’s biggest financial institutions.

If these people feel guilty that their remote work arrangements are unjust, there’s nothing preventing them from giving their entire paychecks away.

But for whatever reason they feel entitled to demand a pound of flesh from everyone else’s paycheck too.

Yet this is the world we live in now-- where even the banks have become Marxists and every idiot feels empowered to propose public policy.

Statists will tax for any reason they can think of. 

As the Beatles song "Taxman" put it:

Should five per cent appear too small

Be thankful I don't take it all

'Cause I'm the taxman, yeah, I'm the taxman

If you drive a car, I'll tax the street

If you try to sit, I'll tax your seat

If you get too cold, I'll tax the heat

If you take a walk, I'll tax your feet

'Cause I'm the taxman, yeah, I'm the taxman



  1. My understanding is that W-2 employees are allowed very little tax deductions for working at home. Considering the additional wear and tear on a person’s home and other expenses and inconveniences for employees working from home, an added tax is not warranted. This is true considering almost all “privileges” and costs from working at home compared to the “old economy.”

    As far as health risks, it could be argued that those working from home will develop less robust immune systems due to not having the physical contact that a non-remote worker will experience. The more wide spread work at home becomes the more susceptible the entire human race could become to disease. Of course to the powers that should not be that is just another excuse to tax.

  2. You call them Statists. Satanists might be more appropriate.

  3. Some combination of lower wages and living far away from jobs results in employees that pay 5% or more of what they earn to go into the office. The cost of going into the office comes from the expense of living in close enough proximity to the jobs. That expense doesn't go away due to not going into the office every day unless one is willing to commute 50+ miles on the days he does go in.

    The majority of the expense of living close comes in the form of high home prices from people bidding up homes close to jobs. Which of course results in higher taxes being paid. However if people work from home in great numbers property values near the jobs will go down while property values elsewhere will go up. The net taxation change will be approximately zero. Only which government bodies benefit may change.

    The 5% work from home tax may be designed to discourage people from leaving the urban centers and giant metro areas. The egg-heads have a problem. On one hand they have utilized a virus to further top down social engineering but the work from home condition could spoil the agenda 21/2030 desire for densely packed urban centers. So now they need something to prevent masses of people fleeing to the hills for the space they always dreamed of.