Most cities and states both tax and regulate hotels, and the tourists who stay in hotels are usually an important source of tax revenue (since governments have long recognized that a modest hotel tax is not likely to discourage most visitors nor provoke the ire of constituents). Other services allow for items to be used productively that would otherwise be gathering dust.īut the downside of the sharing economy has gotten much less attention. Uber offers prices that are competitive with standard taxi prices and their drivers are often much quicker and more reliable – and its drivers can drive as much or as little as they like, without making a commitment to standard shifts. There are millions of people with houses or apartments that have rooms sitting empty, and Airbnb allows them to profit from these empty rooms while allowing guests a place to stay at prices that are often far less than those charged by hotels. The good thing about the sharing economy is that it facilitates the use of underutilized resources. There are hundreds of other such services that involve the renting or selling of everything from power tools to used suits and wedding dresses.
Uber is an internet taxi service that allows tens of thousands of people to answer ride requests with their own cars. It often indicates a user profile.įor the uninitiated, Airbnb is an internet-based service that allows people to rent out spare rooms to strangers for short stays.
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