Medallions are just like bitcoin. Why should they have a guaranteed value. People just over valued them.
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Oh there’s a little bit of Karma for some of them who wouldn’t pick up certain passengers. Maybe they will pick them up now.
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Terrible
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Why government regulations ( city, state, federal, global, or inter-gallactical) are best avoided. Let markets dictate values and eliminate unnecessary franchises.
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I still take NYC taxis, safer than Uber.
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They chose to dig their heels in instead of evolve
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They may well believe they have no other way to have a career.
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@KristinBTate You can blame the government for setting up such a system. This "Safe Investment" came from monopoly power over customers who had no choice in the matter. Gouging lower income people for what is often an urgent or emergency ride is no public benefit.Thanks. Twitter will use this to make your timeline better. UndoUndo
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My investment in buggy whip futures is about to pay off.......I'm sure!
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It's a new world out there nothing is the same anymore these days.
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