(08-12-2018 12:02 PM)GoodOwl Wrote: link: New York City issues temporary cap on ride-hailing vehicles
I think they should all be treated the same: regulated as taxis vehicle by vehicle, and employees. I'm not at all big on regulation or over-taxation, but I am big on common sense fairness. Allowing internet-based companies to avoid playing by the same rules, especially when people have invested time, sweat and years to build their lives, seems only unfair. They could go the other way and treat all cabs and limos as ride-share services and remove the taxes, medallions and regulations, but in either event, I think the cabbies, et cetera have a reasonable unfair trade practices case against loss of value against these thieving internet pirate companies.
Most drivers I know have said they don't really make the money they thought. I believe I saw the average ride-share driver quits after about a year-and-a-half. Which makes sense--they get hit with the self-employment taxes after about that time, and expense most don;t even consider when they sign up to drive. That forces them to desperately look for vehicle deductions and actual cost of use of driving their vehicle into the ground for the slave-masters, and then it dawns on most of them that they are barely breaking even, or losing their butts while Uber and Lyft rake in the dough without much overhead. I did see a few studies showing NY and Chicago were the few cities you could actually profit a little bit in. I have a buddy who drove in Chicago for nearly 2 years. Lost his azz doing Uber. Almost lost his car because of all the taxes/expenses he did not forsee and bought the kool-aid from uber on how he was an "entrepreneur" and would make big dollars driving his car for them.
I've never taken a uber or ride sharing service, and don't see a reason that I ever would. Wonder how many here have? What were your experiences, and do you/did you get any feedback from drivers on how they're doing? Anyone here actually drive/drove for them? What were your experiences?
I hear what you're saying, but I don't think it's the same at all.
Have you ever had a yard sale or garage sale (depending on which part of they country you're in)?
Should you be regulated the same as and forced to operate the same as department stores?
Should children be able to run a lemonade stand without facing the same regulations as Starbucks?
I don't know if this is true or not, but I've heard Uber started with the intent of selling the tool to taxi companies. No one was interested so they got creative.
I actually started driving Uber back in June 2015 as a way to fund a family trip to Disney World. When November rolled around I had made enough to:
- Reserve a 7-day/6-night stay at Disney's Polinesian Resort (considered one of their delux resorts)
- Buy 5 park hopper tickets for 7 days
- Buy the table service dining plan for 5
In 4 & and half months I had earned enough to cover a pretty darn expensive trip to Disney.
During those initial months of driving I came to realize that I actually enjoyed doing it. It's amazing how many people I've met from not only across the U.S. but from around the world.
I'm a people person. I enjoy meeting and talking with people.
I've given rides to NBA players, coaches and execs in town for Grizzlies games. Let me tell ya, Juwan Howard is one big dude. I have a Buick Enclave and he needed every bit of that room.
I have a pic of St. Louis Cardinals World Series ring.
I've given rides to actors and actresses in town with Broadway shows.
I've given rides to musicians playing at the Memphis in May Beale Street Music Festival.
My biggest fare to date was a ride where I picked up 2 couples after a Foo Fighters show at the FedExForum. They were heading to Collierville, a suburb which is almost as far away from downtown Memphis as you can get (about 30 miles). That one trip paid $145.
Yes, some people complain that they don't make money. Others say they do.
I keep a log of mileage. When I do my taxes I have a very healthy deduction to offset the income.
But here's how I look at it. My monthly insurance cost an extra $5 to add ride-share coverage (through USAA). That's an extra $60/year for insurance. I put $40 in tank and don't use it all. I can make $80 a night easy -- EASY. So I'm not spending more on gas than I make.
Do I drive all the time? Nope. I've got a full-time 9-5 job. But I drive when we know things are coming up. My daughter will be starting college next year. She needs a newer car and I'll need tuition $$$. :D So I've been driving more lately and just stashing it away.
Something else to consider, and I can only speak to what I've heard from passengers, taxis are a horrible experience for people.
I've heard stories about the condition of the taxis, the foul stench, etc.
I've heard stories about cabbies who tax circuitous routes to drive up the fare.
I've heard stories about cabbies demanding payment in cash and getting very angry when the customer wanted to use their card.
And cab fares, for average apple-to-apple trips cost more than Uber or Lyft.
If cab companies want to compete for customers, then do so by actually competing. Competition is a GOOD thing.
But if cab companies want to continue doing things their way (and I imagine there's some corruption behind the scene to get those medallions, tokens or whatever they're called) why force the everyone else to play by THEIR rules.
A new business model came along that benefits the consumer. Taxi companies don't want to adapt. Let them reap the benefits or suffer the consequences of their decisions.
Oh, and I've met a couple of guys in town who used to drive cabs but now work for themselves a Uber drivers. They prefer Uber.
I've never considered Uber to be a slave driver. In fact, I like the fact that I can turn the app on or off whenever I feel like it. I'm on my schedule, no one else's.
As far as people not understanding IRS rules, that's not Uber's fault. This is VERY IMPORTANT: any time you make money the IRS wants a cut. Period.
Everyone should know this. If they don't then I think they probably don't have the financial acumen to run a self-owned business.
Just two weeks ago I saw an interesting "for sale" ad come across my facebook feed. There's a pizza place in a Memphis suburb that's for sale. I've actually eaten there for lunch several times. It's a pretty decent place.
Being curious, I opened the ad. It's listed for $375,000 which includes all furniture, fixtures and equipment. It also includes their lease.
Their lease is just over $10,000 PER MONTH. They list the annual cash flow as just over $140,000 per year.
Is it easier for somebody to get started owning their own restaurant or by downloading an app that lets them start giving rides to people?
To each his own. Everybody is at different places in their lives. Why deny people an opportunity because some long-standing companies don't like losing business due to their own out-dated business model?