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> They also believe that adults shouldn’t be able to get themselves into money losing business deal When one person gets into a bad deal it is a bad decision.
by kartan 7y ago
> They also believe that adults shouldn’t be able to get themselves into money losing business deal
When one person gets into a bad deal it is a bad decision. When tens or hundreds of thousands get into the same bad deal with the same company then it's systemic and creates a systemic risk.
> Regulation that subsidies late night taxis for low wage night shift workers economically distorts just like uber drivers that are receiving food stamps. Why is the former okay but the later is not?
It is not the same that the government subsidizes a night service to improve people's lives and the economy that a company like Uber bases its business model in not paying enough its employees and letting the taxpayers get the bill.
Uber is gaining a competitive advantage (over taxis and other forms of public transportation) at the cost of taxpayers. Late night taxis will probably cease to circulate if it were not for a subsidy. And then someone at the government thinks that to be able to take a taxi at night to go home is something desirable.
- scarface74 7y agoHow is Uber gaining an advantage by taxpayer subsidies any different than any other venture backed company that is subsidizing money losing companies? Some of those VC funds are also coming from public pensions.