Pros and Cons of "Sharing Economy"

I'm going to pay for ALL of my employers expenses that are related to me being hired - and then some.

Example: If I work at GM (which I used to by the way), then I would have to make my employer (the shareholders of GM - of which I was one, a very small one) enough profit that both covered my wage and other expenses related to my work as well as provided my employer a profit.

Example 2: Taxi Driver vs Uber Driver

Firstly, anyone is free to drive for Uber. Not anyone is free to drive a Taxi. In order to drive a Taxi you need a Taxi Medallion. This is referred to as Regulatory Capture and is a form of Rent-Seeking. I personally know of SlumLords who have purchased Taxi Medallions because they could make more money 'renting' the Taxi Medallion to poor SE Asians than they could 'renting' a slum - to poor SE Asians. It's the exact same principle. The SE Asian comes from overseas and takes a job as Taxi Driver. They must make enough money to pay for the Owners loan (that was taken out to buy the Taxi Medallion), and they have to make enough to pay for the fuel, and enough to pay for the upkeep on the car AND, only then, after all of these expenses are paid, do they make money. If they cannot get enough fairs to pay for ALL of the Owners' expenses, that's 100% - then they are fired. Sorry, but SlumLords don't pay YOU to live in their house. AND Taxi Medallion owners / rent-seekers don't pay to drive other people around the city. AND businesses like GM, don't pay you to have a car.

Laborers freely choose to sell their labor - and, when they do so, it must covers ALL of the expenses of the workers as well as generates a profit. If not, they will not buy the hours. I don't care if it's a Taxi Driver, Computer coder, Medical doctor, Engineer, whatever.

It's that simple. I fail to see how you cannot grasp this very very very simple concept, particularly if you opened a business in the past.

Secondly, anyone is free not to drive for Uber. If a person does drive for Uber, then they only do so because they make a profit doing so. It really is that simple. In a FREE society people are free to open their own business. It's not a 'race to the bottom' because if you see someone making a lot of money, then you are free to compete against them and do the same. FREE societies actually become rich when they have sound money and laws that protect property and uphold contract. REGULATED societies on the other hand become a race to the State. And example of which IS the Taxi Medallion.

 

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your clearly not a highly intelligent troll you've clearly shown that with your general ignorance of politics, economics, and history. but at the same time time if you were an imbecile you'd at least partially answer in a way that grasped the meaning behind it by accident. to so consistently miss the point would suggest an alien mind set incapable of understanding human thought. but than again if you were an alien you'd have better things to do than troll an internet forum as a libertarian. i seriously don't get you. you clearly understand the meaning of the question because if you didn't you wouldn't be able to avoid it like you are. what i don't understand is why you think avoiding answering it gains you anything? are you the pigeon of pigeon chess? could you honestly be that stupid? i mean your confusing productivity with your wage. what is your defect?

also that not what Regulatory Capture is. secondly not everyone is free to drive for uber.

 

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let me put it this way. say your in the normal economy at you work a job x. you work 40 hours a week at 12.5 an hour so you make 500 dollars a week. you company has 300 a weekly expenses(250 of which are operating costs required for you to do to produce) for your production and sells your production for 900 dollars making a profit from your production of 100 dollars a week.
Now in the sharing economy this is how it would work you work 40 hours a week through the company app and do that 900 dollars. well first the company takes their 20% of that to cover their costs so the company get 180 dollars leaving you with 720 left but wait in the sharing economy your on the hook for operating expenses for your actions so to see your effective wage subtract 250 for that leaving with you 470. so your down 30 dollars a week in the sharing economy. lets see how it looks for the company they went from 100 dollars profit that was 12.5% to making 80 dollars profit that was 80% profit. so when their expenses reach the old point 800 their profit would be 640 dollars.

 

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One more time. IF someone buys a Taxi Medallion and hired you to drive their car/taxi. You must make enough money to pay for the fuel, maintenance/lease, insurance AND the loan to repay the Taxi Medallion which can run $350,000 or more AND you also have to make a profit to pay your wage as well as that for your boss / the rent-seeker who uses regulatory capture to enforce taxi medallions. So, you will be paying 100% and some. That's how it works.

 

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You know what I love about these new apps, how they completely make a mockery of the shit-ton of regulations the State has in place to keep you safe from yourself/protect rent-seekers through regulatory capture. The fact is, it's legal to have someone over to your house for dinner. Even if you only met them just then. While the Nanny State would LOVE to regualte all interactions between any of its Tax Chattel, it can't. Thus, you're free to go to dinner at a friends house. Even if you met the friend over the internet, via an app. Oh, and you happened to exchange money. You know, that happens - when everyone pitches in. Or maybe you just want to kick in some cash because your friend made you a nice dinner. Now, here's where the State cares about your food safety. See, it couldn't give two craps about your food safety, or your safety, up until it might miss out on a cut. See, the State is actually Tax Farmer.

The fact that these apps are cutting the State out is IMO hilarious

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HILARIOUS!!!

Soon the State's currency will be competing against all sorts of free-market currencies. That'll be interesting. Then you'll see exactly what your Tax Farmers think of you and you so called 'freedoms'. They couldn't care if your functionally illiterate arse died in a ditch - just as long as they squeezed as much out of you as they could before you carcked it.