As government including cities and municipalities gets bigger and bigger and fatter and fatter, it needs more money. To satisfy its insatiable appetite for money, it increases rates, taxes, water charges, electricity charges, and as it adds new taxes like carbon taxes, fuel surcharges, levies on flights, levies on electricity, toll roads, etc. And all these at much higher than inflation, eg inflation at 5%, electricity increases at 25%, supposedly to pay for new power stations, but actually to pay bigger salaries and bonuses to staff.
As workers and businesses have less and less of the money they earn they will seek alternatives like working from home.
All "clerical" people like accountants, lawyers, software developers, call centre staff, etc, i.e. everyone except plumbers, electricians, doctors, maintenance people and others who have to go on site to fix or repair things or people, can work from home or from local office centres to which people can walk.
This will have a massive impact on the IT, TV and Communications industries which will have a dramatic increase in revenues. At the same time as this, car companies, road repair companies, oil companies, city services, and some CBD building owners, will see a decline in revenues and will eventually become irrelevant.
This is as it should be and is the only way that we can recover from this recession which is being caused by massive structural change and uncontrolled government and central bank borrowing. Only business and private people can combat this. The age of government control is almost over. Governments will again serve their people. The balance will be righted.
This letter appeared in Tabletalk.
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