Bill M
Self Funded Retiree
- Joined
- 4 January 2008
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(especially that 10% surcharge for cards crap) Its a blatant market failure.
How do you think they would pay a Uber driver? By cash of course, you can pay cash in regular taxis too and avoid the 10% surcharge in it's entirety.
Uber is completely cashless. Here in the states it is better and quicker than waiting to catch a cab and one of the biggest benefits is no money is exchanged and no tipping is required.
It automatically debits the credit card on your uber account, and I believe the drivers get 80-90% of the fare
News out that he passed away this morning.
My thoughts and condolences to all of his family and friends.
Paul Ramsey of RHC died of a heart attack. A bad week for ASX company chairs.
How do you think they would pay a Uber driver? By cash of course, you can pay cash in regular taxis too and avoid the 10% surcharge in it's entirety.
Corporations like Cabcharge, they have been using it for decades. It is an easy way to get their staff and parcels around town without fiddling around looking for cash. There have been other companies around like "Taxi Credit" many years ago but they are gone now.
skc said:Paul Ramsey of RHC died of a heart attack. A bad week for ASX company chairs.
Anyone who thinks Cabcharge isn't a rort must have shares in Cabcharge. The cost to process a transaction is fixed, yet the fee charged varies depending on the amount of the fare. A complete rort.
Very unlikely they will be going broke in any forseeable future, they are a highly profitable company. I do wonder whether the term 'rent seekers" is really interchangeable with "profitable company i dont like".
If you are taking the high moral ground over Cabcharge you wont have many other companies in your portfolio!
Can't people use Visa, Amex or Dinners? The last time I looked I thought these options were available.
If cabcharge is so bad then why do people/corporations use it? Taxi divers like the vouchers too, they can use it as cash to buy LPG and Taxi hire for the night, it's like cash to them.
They are rent seeking scum because their whole business model is built on controlling the regulatory framework for taxis through their political donations etc.
They will be caught in no time if they take money. No shortage of people with mobile phones and cameras ready to take videos.
If cabcharge is so bad then why do people/corporations use it?
Even if you're not using a Cabcharge voucher/card you still get charged by them.
People are driving for Uber because the barrier to entry is far less than driving a 'real' taxi.
I think this may end up in court in the end. The Roads and Maritime Services vs Uber, the case being whether the drivers are receiving financial reward either directly or indirecly and therefore breaking the law. Anyhow I'm interested to see where this ends up.
Suppose it makes it hard being that they don't employ a single driver. They're just a gateway between driver and passenger.
The law seems extremely grey when it comes to new issues they never thought would even exist.
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