Thanks for responding. I agree that the companies have created consumer value in the form of more information and convenience. But that is not the question I raised.

I pointed out that these start ups have merely redistributed existing wealth from the traditional companies and their workers to some really smart guys and the gig workers. They are not producing something new, increasing GDP, or giving a higher percentage of net revenue to drivers, which would help the economy due to the accelerator effect.

To use your own example of creating value, Uber/Lyft/AirBnB are all building chairs, but they are just replacing other companies that build chairs. The total number of chairs being built hasn’t changed, nor has the net income of the carpenters who are doing the actual building.

So why wouldn’t we tax these companies, once they are established, at the same rate as any other company? No one has proven that sharing economy companies are net job creators or that they are increasing GDP, improving the trade deficit, or any other measure of U.S. economic health.

I’m simply trying to analyze the macroeconomic effects of these companies and thought it would be great to hear ideas from a really smart guy like you.

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