[...] But beyond being pro-technology the government has also uncritically accepted much of Silicon Valley's rhetoric of disruptive innovation. It is remarkable that the Bay Area technology industry can continue to see itself as a collection of scrappy non-conformist outsiders while accumulating the greatest collection of private fortunes in the world. [...]

An investigation by Vanessa Houlder of the Financial Times showed that up to a third of the price gap between hotels and Airbnb rentals is due to tax differences, with hotels being subject to business taxes and value-added taxes that almost all Airbnb hosts avoid, while many Airbnb hosts benefit from the Sharing Economy allowance mentioned above. Airbnb also avoids costs such as commercial-level fire and safety protection and accessibility features, which its competitors must pay to install. [...]