The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
In the financial crash of 2008/2009 we ran four companies employing about ten people and their families. We had been in business for years with solid growth each year prior to the crash. At the end of 2009 all businesses were closed and we were on the edge of bankruptcy, due to no fault of our own. We restuctured the debt, took stock of our lives at this time of our lives nearing 60 and in 2010 learned about AirBNB. We converted the space one of our businesses occupied (a Recording Studio) and started renting it out to guests. Because I am on two county tourism boards and know the local area and businesses well, we networked our guests to visit local sights, destinations and restaurants. As we continue to dig out of the debt, AirBNB has helped immensely in that effort while staving off bankruptcy several years ago. We also are able to help point our guests to 'local' businesses so their tourism dollars stay local and help others. The proposed law that is being championed will have an adverse effect on us, our guests and local businesses, if the crash of Wall Street wasn't enough. I encourage our law makers to support their local economies, not add more regulations and stipulations and government onto the backs of folks like ourselves who are trying to do the right thing. We support local economies and community and this law helps to put more regulations in our and other's efforts. Isn't enough, enough?