[FoRK] Taxi Medallions: How New York’s terrible taxi system makes fares higher and drivers poorer.
Joseph S. Barrera III
j3 at barrera.org
Mon Jun 11 00:04:51 PDT 2012
>> What do you say to the guy who bought a medallion last year?
> Phase it out over five years. Eminent domain.
P.S. If you bought that medallion, you knew that its worth was largely
due to government corruption. And that there was always a chance (no
matter how unlikely) of government reform. So due diligence, baby.
Hopefully the buyer has diversified.
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