• foggy@lemmy.world
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    1 year ago

    It doesn’t.

    I presume there are banks putting pressure on corporations to lobby government right now. Government seems very detached from where I sit as an employee.

    Banks are hurting from WFH. Over 800 Billion in corporate real estate is at stake. So, if e.g. Amazon wants another server farm, Wells Fargo is saying “Here’s the price, bitch. Want that to change? You know what you gotta do.”

    Now Amazon needs to have it’s HR, legal team and lobbyists focus on creative ways to get the employees back into the offices to save as much of that 800T for big daddy banker as possible. First, the companies did their part in laying off thousands, rehiring on site only, for less money. Now theyve gotta be pulling strings for government to be joining this conversation. There’s… No other decent reason.

    Alternative: these corporations make charitable donations to the cities they have real estate in, under the condition the area be rezoned for low income housing, and that their properties be renovated for that purpose.

    😲 Almost like CEOs are supposed to be good at allocating resources.

    This would be a tax write-off, and removing a massive monthly expensive from the budget. It’d help the banks gain purpose from their failing 800T corporate real estate investments. It’d free up their (e.g. Amazon) legal teams and lobbyists. Only problem is it’d help the poors, I guess.