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That's not the full economic response. The tourist pays tax for n days a year. The resident does so as well as additional taxes which make the whole city poss

• nostrademons 9y ago
  In a sense, both the host and the guest pay "tax" to AirBnB, in the form of service fees. These fees are then used to provide many of the services that governments have traditionally provided - regulation of commerce, payment processing, dispute resolution, insurance against bad events. I'd agree that we need some sort of theory of checks & balances for these new global corporate actors. People seem to have reacted to the dysfunction of governments by creating new quasi-governmental actors, but without realizing they've done so.