And once again, Uber is trying to socialize the losses and privatize the profits. We should all be shocked by this company losing billions a quarter but still p

And once again, Uber is trying to socialize the losses and privatize the profits. We should all be shocked by this company losing billions a quarter but still paying its execs and (initial) shareholders way above what they produce. The difference here is that by having drivers as contractor, Uber is making us ALL pay social security, medicare etc for the drivers [1] . Uber should fail as it has proven numerous time that its business model simply doesn't work at scale. I will say it once more but there was a good reason why taxis were expensive... I find it embarrassing that so many urbanites, socialites, and other coastal elites got tricked into rooting for Uber's success by getting artificially cheap rides. Also, Uber is losing billions each quarter with no clear view on ever being profitable. Why is that stock still so high? [1]: https://www.forbes.com/sites/ebauer/2019/12/16/is-uber-cheating-on-social-securityfica-taxes/ https://www.forbes.com/sites/ebauer/2019/12/16/is-uber-cheat...