Congrats geniuses, you just raised the cost of your next Uber/Lyft. Democrats are retar dad when it comes to money. Actually they should study physics instead, specifically Newton’s third law. You can’t just regulate something and think it will magically cure the problem. There are always side effects these politicians don’t think of. E.g., Raising minimum wage just means restaurants will fire more people or raise their prices to cover increasing costs of maintaing a staff. Let the free market determine a fair wage. Thats what happened to FANG and why SWE salaries are so high. You need to have a skill in demand and companies will pay you market value for that skill. Having rent control actually increases the cost of housing because people in rent controlled buildings never want to leave, and landlords know their place is under rent control so once it is vacant they will jack up the price for sure. Taxing uber/lyft just means they will pass on the cost to its customers. 🤦
SF progressives are incapable of thinking beyond stage one.
Free market lmao. FANG is so far away from free market it's ridiculous.
Great explanation. I’m still waiting for your rebuttal. FANG is paying higher salaries than ever before. Yes we’re still not getting what we’re worth, but it’s better than the 90s. CEOs are still making 200x the ave employee though. Is your CEO really worth that much?
FANG companies indulge in crazy levels of anticompetitive behavior. I'm saying they are able to pay tons of money because of monopolizing industries. It's bizarre to praise them for free market behavior
Higher paper revenue for uber and lyft
Ok boomer
Who? Were you born in 1965? Hence your nickname
“If you’re not a liberal when you’re 25, you have no heart. If you’re not a conservative by the time you’re 35, you have no brain.” -Falsely attributed to Winston Churchill I guess you’re under 25.
But how do you feel?
Democrats only think in first order effects. They don’t comprehend second and third order effects. Did you not know?
I love the pseudoscience people in here citing Newton's third law and second-order effects. Were these buzzwords used on Fox recently?
Don’t watch fox
The first reasonable thing you've said.
It’s politics, not science. Regulating food safety sure solved more problems than the free market system before it. If you can’t afford the tax, leave or take Muni.
It's possible people voted against their own interests because they thought it'd help others. It happens quite often when it comes to new taxes. Being charitable doesn't make them fools.
It's a 3 percent tax.. not rant worthy
On top of all the other taxes? SF employee mandate at all restaurants since last year , etc. the restaurants just passed it on to the customer. These add up you know
What's all the taxes on Uber rides?