How America’s Outdated Tax Code Fails Gig Economy Workers

Welcome to the tax code…

The American tax code is like a deep dark jungle at dusk. It’s scary. It’s confusing. Peril lurks everywhere. And if one ventures in without proper preparation one can end up in a bad situation.

This is doubly true for “gig economy” workers.

It must be noted that our tax code needn’t be like this. It shouldn’t be. But the more confusing the code the more money there is to be made by an accounting industry that revels in the complexity.

Read More

Taxi Medallion Prices Are Plummeting, Endangering Loans (Good)

Times change and along with them economies. Uber and Lyft have hammered the almost ubiquitously crony taxi cab industry around the world. Yes, some of those medallion loans will go south. The banks and the cab companies made bad bets and now they lose. That is how markets work.

Who knows? Maybe teleportation devices will put Uber and Lyft out of business next year. Creative destruction.

Read More

Without Uber or Lyft, Austin Experiences Skyrocketing DUI Rates

If there is any city that needs access to Uber (though probably eclipsed by New Orleans and Las Vegas) it is Austin. The place is full of politicians, college students, musicians, and UT football fans. All of these folks like to drink. But that is precisely why Uber is banned. The taxi cartel didn’t want competition for the sauced so they got their crony friends to chase the ride sharing companies out.

Now DUIs are back up.

Read More

Cashing In and Shaking Down: Airbnb hires Eric Holder to develop anti-discrimination policy

The fact that Elizabeth Warren and a few other Democratic senators are shaking down the company might have something to do with this new hire. This is business today. Just like Uber did, Airbnb has hired a White House crony for official cover. It’s Chicago politics writ large.

Pay me and you get to play.

(From The Hill)

“Airbnb is committed to building a community where everyone can belong,

Read More

Elizabeth Warren sets the government loose on Airbnb, despite its middle-class benefits

Photo: Tim Pierce

There is great fear of the “sharing economy” among those who cling to the more rigid economy of the past.  In this case it includes big government Dems and hotel chains.

Airbnb, Uber, and similar companies challenge the old ways of doing business. They are unleashing latent capital and helping to liberalize the economy. (Which is what the senators and hotel chains fear.) These “sharing” companies are helping to create opportunity in an economy which certainly needs opportunities.

Read More

Uber happy to help Dems in Philly, Won’t do business with GOP in Cleveland

Both conventions will no doubt be ridiculous spectacles. But Uber feels that the spectacle in the City of Brotherly Love is more politically advantageous than hanging with Republicans. This despite the fact that Democrats across the nation have fought Uber’s efforts to expand at every turn and that both Clinton and Sanders have been highly critical of the company. (This is actually one of the main reasons Uber is passing on Cleveland of course. They are intimidated and figure Clinton will likely win so it’s not worth being “tarnished”

Read More