How about Uber set aside $20 per ride in a fund and issue customers with claim card, a bit like a store rewards card. If the law ever gets changed so that Uber can refund the money then they commit themselves to do so, perhaps up to a limit of 5 or 10 years.
Soon the city will be full of people owed hundreds or thousands of dollars in refunds, a pretty solid reason to push for changes to the law, and demonstrate to the public just how much they're getting ripped off.
Perhaps, but I'm not sure how practical it is. The high charges will reduce the number of people choosing Uber over their competitors, so they'd be giving up a competitive advantage and the higher margins that might offset it. On the other hand, if the legislation never gets changed they get to keep the money, hence the cut-off period.
I've not idea what the financial reporting implications of this might be.
Comments
How about Uber set aside $20 per ride in a fund and issue customers with claim card, a bit like a store rewards card. If the law ever gets changed so that Uber can refund the money then they commit themselves to do so, perhaps up to a limit of 5 or 10 years.
Soon the city will be full of people owed hundreds or thousands of dollars in refunds, a pretty solid reason to push for changes to the law, and demonstrate to the public just how much they're getting ripped off.
That's a clever concept.
Perhaps, but I'm not sure how practical it is. The high charges will reduce the number of people choosing Uber over their competitors, so they'd be giving up a competitive advantage and the higher margins that might offset it. On the other hand, if the legislation never gets changed they get to keep the money, hence the cut-off period.
I've not idea what the financial reporting implications of this might be.
Great idea. Puts the incentives in the right places.