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* The power to shut down a business gives a regulator a lot of power to do things like improve safety. * That can easily be done without the government provide
by djrogers 11y ago
* The power to shut down a business gives a regulator a lot of power to do things like improve safety. *
That can easily be done without the government provided monopoly of taxi medallions. Medallions (or any other form of monopoly granting) aren't required for regulation, enforcement, or any other aspect of keeping the public safe.
- Spooky23 11y agoSo, you don't think having 10x more cabs in midtown manhattan would cause potential safety problems? Taxis are a shitty business, no doubt, but replacing a government medallion with a corporate medallion isn't a solution. Uber has the valuation they have because after they kill off the competition, they'll limit the supply of rides and jack up the cost.