Earlier quoted context omitted.
The gentleman in the video has a couple of good points (and it is likely that Uber will eventually get regulated). That being said, the premise here seems to be confused on a number of issues. + "Unsafe everything, assaults [and] kidnappings" are in fact already illegal. More regulation will not make them more illegal. Claiming we need a taxicab commission to enforce basic laws is a non-sequitur of breathtaking scope…
+ "Unsafe everything, assaults [and] kidnappings" are in fact already illegal. More regulation will not make them more illegal. Claiming we need a taxicab commission to enforce basic laws is a non-sequitur of breathtaking scope. Indeed they are already illegal, however adequate checks are not done on those who want to be people driver. That effect of not actually doing due diligence does allow much higher incidence o…
You're going to need actual statistics for that. Claiming that we can detect a class of people who are acceptable citizens except under the specific circumstance that they are acting as a chauffeur isn't a reasonable position. Either they are dangerous and should be locked up or they aren't. Their status as a taxicab driver isn't going to be relevant. They would be just as dangerous if they were unemployed, if not more so.
> Bullshit. They have one of the hottest stock request IPOs out there. A year ago their estimated market cap was $50B. Now its estimated at $70B. Sure doesn't sound like a no-profit company.
Pretty sure the profit line is in the red for 2017. You might find yourself on the wrong side of the facts here, even if they don't conform to your worldview.
> Hollywood accounting.
Always willing to be corrected, but Hollywood accounting is a fairly specific practice where they claim specific projects made a loss so they don't have to pay the actors, but the profits still appear in a different part of a controlled conglomerate.
What you are alleging is tax fraud, which is also illegal as it happens. And, again, nothing to do with regulation of the taxi industry, in America I believe it is an issue for the the IRS. Companies in competitive markets have a lousy track record of unilaterally deciding their profits need to be higher. Its investors believe Uber can make a profit, but there isn't any evidence of that yet. They are taking a pretty substantial risk.