We’re finally beginning to see stories about what I’ve guess at for years, that municipalities are purposefully neglecting public transit in order to subsidize Uber.
But the opposite is happening in Innisfil. Only so many passengers can fit in the backseat of an Uber, and the ride-hailing company, not the town, is pocketing most of the revenue. With per-capita costs essentially fixed, the town is forced to hike rates and cap trips as adoption grows.
Gee, ya think? Uber is just doing what any tech company does, operate without a profit, grab market share, then raise prices. Sadly the people of Innisfil fell for it.
This, by the way, is why we need single payer, not a “public option.” The “public option” is just going to wind up as tax payer subsidies for private corporations. Fuck Uber. And fuck the media for spreading their propaganda.
