Work from home tax

[jsbhike]

They are really swinging for fences now.

https://amp.usatoday.com/amp/6262411002

[bp7178]

Fake news. Who gives AF what a German bank has to say about...well...anything?

[PrarieDog]

Not fake news. Trial ballon for the new administration. Looking for new ways to squeeze us.

[Ned Christiansen]

"What!? What do you mean there are still some people left with more than 1.39% of their income available to 'do what they want' with it! Find me a way to get that money!!"

[SomeOtherGuy]

Fake news. Who gives AF what a German bank has to say about...well...anything?

because

Not fake news. Trial ballon for the new administration. Looking for new ways to squeeze us.

Because this, and because banks set TONS of government policy around the world. Oh, not officially, but they do.

You read stories like this and realize that we're all just serfs to them, and they're not shy about saying so, in their coded way.

[TommyG]

They are all (banks and politicos) heavily invested in urban, commercial real estate. A lot of that revenue is gone forever now that remote work has become the "new normal" (hate that phrase too, don't throw things). They are going to have to find new streams of income now that they don't have a captive market in the big cities. They certainly won't take the hit themselves.

[ChattanoogaPhil]

Punish people who aren't burning fossil fuel commuting to work every day? My my... the lefties will soon be drowning in crosscurrents.

[MegademiC]

Fake news. Who gives AF what a German bank has to say about...well...anything?

If its a german opinion, its perfect.
They’ll tell you how perfect it is too, if your too simple to understand.

[Diamondback]

Sounds to me like the Sauerkrauts need a reminder of who usually ends up playing the Designated Bitch in international conflicts involving Germany...

[Co-gnARR]

This is essential double taxation. MGMT across all industries are talking about the new work from home economy, and extolling the virtues of allowing people to live the lives they want to live, without relocating. This is essentially double speak for reducing the bottom line in payroll and consequently increasing the bottom line in net profit. In other words, hiring Grade A talent costs Silicon Valley tons of money in relocation benefits, area specific fair compensation (last time I checked, Bay Area poverty level for a family of four is $114k-ish/yr) plus all the costs of on site massage, gym facilities, other enticing benefits, and annoying things like stocking pantries and cafeterias and building maintenance at union wage grades since people need to eat and use the restroom every so often, and people need people to provide these things for them. Not to mention keeping large hordes of HR and mgmt on site for people related issues. Work from home is the panacea for greatly minimizing these costs. So, now, Johnny Rocket software engineer can stay in his locale in low rent Mid West WITHOUT needing the relocation, Bay Area wage, on site cafeteria, stress relieving massage, or place to park/charge his EV. He can do all these things from the comfort of his own home, at an out of pocket expense much, much lower than what it would take in high rent districts. Consequently, the wiz kid no longer can justify demanding the $150k/yr starting salary and the untold tens of thousands in other costs in aforementioned benefits. This is assuming WFH keeps domestic employees on the payroll. I am not even touching the idea of globalizing the work force, ie, WFHing 3rd world talent at slave wages.

All this on top of a snarky article I read last summer justifying "making the great move" to Silicon Valley for the "Big Job". Ahh, the sweet hubris of the jaded life, pre-COVID NWO tyranny....glad I did not make that move....