One would think that climate cultists would be thrilled by the notion of people mostly staying home and not taking fossil fueled trips to work, which would mean they wouldn’t be going out to lunch. Nope. They see this as a way of taking Someone Else’s money. It reminds me of the way government mandates higher and higher MPG standards, and wants more and more people to drive hybrids and electric cars, then they want to put more taxes on hybrids and electric cars because there is less money coming in from road and fuel taxes
Deutsche Bank Wants ‘Privilege Tax’ Imposed on People Who Work from Home
German banking giant Deutsche Bank is calling for a “privilege tax†to be imposed on people who work from home, to erase their savings from not having to commute or pay for food on their lunch breaks.
Writing in a paper for the bank titled What Must We Do to Rebuild? analyst Luke Templeman lamented the fact that “remote workers are contributing less to the infrastructure of the economy whilst still receiving its benefits.â€
“That is a big problem for the economy,†he complained — as if spending much of one’s pay on commuting, dry-cleaning work clothes, and so on to boost the GDP is something of a civic duty — and proposed a 5 per cent “privilege tax†to recoup the economy’s imagined “lossâ€.
“Working from home will be part of the ‘new normal’ well after the pandemic has passed,â€Â explained Jim Reid, Global Head of Fundamental Credit Strategy and Thematic Research at the German banking corporation.
“Our calculations suggest the amounts raised [from taxing home workers] could fund material income subsidies for low-income earners who are unable to work remotely and thus assume more ‘old economy’ and health risks,†he suggested.
Their estimated tax take from the scheme in Britain stands is £7 billion, with the potential to grab €20 billion (£17.8 billion) in Germany and  $49 billion (£37 billion) in America.
Most of these people are not working from home because they want to, but because they were forced to, thanks to the flu created in China. Some may enjoy the hell out of it, and might want to continue. Others are surely dying to get back to the office. So, of course, Deutsche wants to tax them for being forced to work at home, because, let’s face it, Progressives always want to tax more and more. Why isn’t Deutsche giving up lots of their own money?
As Eric Worrell points out, this is part of the climate cult’s agenda. He digs into the actual report and finds
Don’t waste the crisis: How to address Europe’s challenges for the next decade
Post-covid, Europe has a unique opportunity to make greater use of fiscal policy to support the strategic goals – green, digital, levelling up – of the EU with public investment. For this to work, fiscal expansion must be sustained, fiscal rules rewritten and common fiscal capacity created. We detail the actions that are needed.
Deutsche has long been a card carrying member of the Cult of Climastrology, pushing this green nonsense, and been a pretty big climahypocrite.
