The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I have recently retired after working very long hours day and night for 30years. My family and I lived pay check to pay check while saving as much as we could for our retirement. We made too much money to ever qualify for any help for anything..but not enough to live anywhere but in the poorest end of town. Because we had to always pay our own way. We didn't take advantage of a public education (which our taxes helped pay for) because the schools in our area put bilingual education first...needing to provide the kids who didn't know English and in many cases were not even here in this country legally, extra attention, while our kids (who were legal) sat and waited for them to catch up. We paid 100% of our kids college education. Not the colleges we would have wanted because we couldn't afford them. We made too much for any assistance unlike many others who's kids received scholarships or grants, or government assistance because they came from a different ethnic background, or didn't make the right choices in life to make the money we did. We had to pay full fare for our kids college education, so we sacrificed more while at the same time paying almost a third of our income to government taxes. We had dreams too, but didn't ever think we could afford to make them come true. Well we've figured out how to do it with property rentals. Airbnb and VRBO have given us a venue to afford some of our dreams and now this is being threatened too? Why, because big business (hotels) have long over priced themselves....and people like us want to utilize the internet to make some money ourselves. Please don't stomp on the middle class any more than you already have.