The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01249

Submission Number:
01249
Commenter:
Crosby
State:
California
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
AIrbnb offers viable alternative accommodations at affordable costs often when no other accommodations are available. It is in the public interest to maintain this resource without handicapping its operation. As a provider, it offers us a means of meeting and interacting with guests, while affording us a financial benefit essential for the payment of our mortgage, property taxes and maintenance of our home. One should be afforded the right to rent part or all of ones home, as one sees fit. Denial or interference with the right would consitute an unconstitutional al taking without due process of law. Competition. Is a cornerstone of democracy and the United States economy. It is a fundamental element of a free economy. Limitation or restraint thereof would be a monopolistic restraint of trade in favor of vested interests such as hotel chains. It would be a means of denying the middle class an economic resource that in ma y cases is essential in providing a means of self-support, while providing revenue to local authorities. We pay a 12% bed tax to the city on all our rentals plus an additional sublime tall tax. This offers the city an important source of revenue which would disappear, if AIRbnB were driven out of business or hampered in its operation. I solicit you to let this source of revenue continue to operate freely without governmental interference or suppression.