August 15, 2015

Uber vs. Taxation

Here in Toronto, the city has been going after Uber with frothing ferocity of a rabid raccoon. Why?  They claim the ride sharing app and company flout safety laws.  What they actually are flouting is the ridiculous licensing fees imposed on regular cabbies to fill city coffers with revenue. The city unsurprisingly doesn't like that.  They've moved from legal and media assaults on the company to fining the independent drivers and possibly the riders to working on a new by-law.

It's all about the tax money for the city and not about laissez faire economics as it should be as far as economic growth goes. California is in the same boat as Reason TV documents.

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