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Deutsche Bank: “Taxing those who work from home after the lockdown”

New York Governor Andrew Cuomo announces increase in social distancing in US state COVID-19 have hit red all over the country. A new Deutsche Bank research report provides an insight into what experts predict for the future of the economy. The report entitled "What we need to do for reconstruction", describes a series of problems that emerge during the global health crisis and suggests some radical solutions.

For example, the Deutsche Bank researcher Luke Templeman advises leaders to tax people who work from home by choice. Templeman argues that such a tax has been "on the table" for some time, noting that in the period 2005-2018, the technology Internet increased by 173% the number of Americans working from home.

The report notes that people who worked remotely before the pandemic made up only 5,4% of the U.S. workforce, up from 56% in recent months. The proposed tax will not burden citizens at times lockdown.

Deutsche Bank: "Taxing those who choose to work remotely after the lockdown"
Deutsche Bank

In addition, the Deutsche Bank report found that respondents would like to continue working from home two to three days a week when they return to the office after the lockdown. According to Templeman, this means that remote workers will contribute less to its infrastructure. economy while they will continue to benefit.

For example, people who work from home will not need to refuel their car frequently, buy coffee outside, hire nannies, eat out for lunch, or anything else that involves commuting to and from work, and forces them to spend more money. The provision of these services is what retains much of the rest of the workforce and the report proposes a tax on anyone who chooses to work from home to raise money for people in need.

Templeman believes a tax of $ 10 a day would make sense for a person in the United States who earns $ 55.000 a year. He estimates that this will raise about $ 48 billion a year for a fund that will be used to issue $ 1.500 in grants to fellow citizens in financial difficulty.

Deutsche Bank: "Taxing those who choose to work remotely after the lockdown"
Deutsche Bank: "Tax on those who choose to work remotely after the lockdown"

Although it is encouraging for a Deutsche Bank economist to propose a policy that is so simple a redistribution of wealth, the question arises as to why those who really benefit from the transition to remote work. That is, instead of taxing employees who, on average, work longer hours for their employers when working from home, many say those who should be burdened are powerful giants like the GoogleThe Amazon and Zoom, whose profits multiplied during the pandemic.

According to the report, tax evasion, profit collection and the payment of record salaries to executives are part of the "game" of many large companies, with these companies contributing less to the infrastructure of society while still receiving its benefits.

For years, the coming wave of workforce automation heralds the arrival of a whole new and different economy, in which winners will have to support those who are left behind, with a kind of universal basic income.

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