Black Market ride sharing emerges in Austin, TX

It seems like every approach that lawmakers are taking with the 'shared economy' businesses is wrong.

Basically, what needs to be done is to promote the values of the 'shared economy' system, regulate(and that cost should be paid for by minimal taxes on the service) against those that intend to manipulate it for larger gains that have negative impacts on the economy.

Of course, that's obviously easier said than done.

What's happening with AirBnB is one of those cases, where basically the company allows for real estate speculators to snatch up properties in a location and rent by the day or weeks at higher prices, albeit more affordable, or more luxurious for the $, for those who are seeking to spend extra $ on a vacation, ultimately reducing supply and driving up standard rental prices. That's the absolute opposite of establishing a 'shared economy' business.