You 1) Misunderstood what I was saying and 2) are wrong about the rest.
I am not calling out Uber alone, I am calling out ALL ride sharing apps. Uber, Lyft and the other ride share apps do not earn what they take.
Let me explain.
There used to be cab companies that did everything Uber did EXCEPT for the internet app that lets you summon a car to you. They used old, out dated technology - i.e. phones - to summon cars. The business was ripe for disruption. Uber created new technology that was valuable and worthwhile. It disrupted the dinosaur business. And for that they deserved to make money. 100s of millions even.
But they (including Lyft and their other competitors) were not normal reasonable capitalists. They were all greedy bastards.
Instead of making 100s of billions selling their software to existing cab companies as a normal tech company does, they decided to use their innovation to destroy all the small businesses that should have been their customers.
Instead of letting companies sign up to use their internet service for a reasonable 10% fee, they wanted to own the business while making their employees (that they pretended were sub-contractors - even while breaking the rules about subcontractors). fund the large capital costs of owning the vehicles.
They started their business by overpaying drivers, spending investor money to do so. They did this losing money for years. Then once they had destroyed the competition, they cut the money they were paying drivers and raised prices for customers. Suddenly they became companies worth hundreds of billions, instead of the hundred of millions they deserved.
The drivers went from taking all the risk and having the chance to become wealthy business owners themselves to low paid employees with no health care, no employee protections etc
All those things you talked about Uber etc doing? Car crashes, insurance, liability: THEY USED TO BE DONE BY THE DRIVER-OWNERS.
They DID afford the commercial insurance from one bad ride. Remember, some of them paid a million dollars at auction for the right to run their business. Yeah, they had everything you praise Uber, Lyft etc for.
What happened was this - a tech guy that invented software that should have been something they sold to all the taxi companies instead decided to take them over. All because they wanted to own everything instead of just being a vendor.
They are greedy bastards because they stole an industry from the people that did the work, took it over and made the old workers into low paid contractors. They deserve to be millionaires, not billionaires.