[FoRK] Taxi Medallions: How New York’s terrible taxi system makes fares higher and drivers poorer.
Ken Ganshirt @ Yahoo
ken_ganshirt at yahoo.ca
Mon Jun 11 09:47:38 PDT 2012
--- On Mon, 6/11/12, Joseph S. Barrera III <j3 at barrera.org> wrote:
> I don't understand the need for middlemen. Why doesn't the city directly
> lease the medallions?
That is the way it originally started.
The current situation is the way it has evolved. Somewhere along the way someone figured out that cash flow from medallion ownership could be achieved without actually having to own and operate a cab. The current medallion owners inserted themselves into the system; it did not start out with them there.
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