The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01447

Submission Number:
01447
Commenter:
Brad Tucker
State:
Florida
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
As a small business owner, being able to participate in the sharing economy has been vital to the success of my business, and has allowed me to keep the doors to my business open, make the payroll and help other businesses grow. After 10 years of owning and advertising and marketing company in Chicago, I had the opportunity to expand the business out-of-state. I could not have done that, and would not have had the resources to do it if I wasn't able to rent my Chicago apartment by the week while I traveled to Florida using websites such as airbnb.com. The extra money I earned from airbnb.com literally subsidized the cost of my Florida start-up. Now, because of airbnb.com, I am able to support two households and grow my business in two different cities. In addition, I know that renting my Chicago apartment through airbnb.com helps the economy as well. Many of the people who I have hosted have told me there was no way possible for them to afford expensive Chicago hotels. Many of the people I host in my apartment are parents visiting their children for the birth of a grandchild, people coming to town for weddings and other special events or interns who come to Chicago for research or other school projects. Sites like airbnb.com allow people to learn, share, explore and adventure. I have had the pleasure of hosting people from all over the world and of every race and ethnicity. Each experience is a learning opportunity for me and a way to build bridges and knock down barriers. Using a reputable site like airbnb.com also gives me the security and peace of mind to know that I can trust my apartment and my personal possessions to strangers. Aribnb.com is a self-regulating community that protects it's customers and hosts better than any government agency could possibly do. Any government intervention would not only make it more difficult to share the experience, but also much less enjoyable or likely that these kind of positive interactions and new experiences would even exist. Please allow me and others to be responsible for their own prosperity, to make decisions for ourselves and take actions that make the world a better place to live!