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If you made medallions nontransferrable then you would see each medallion be owned by its own individual corporation, then the corporation would be sold instead
by jws 11y ago
If you made medallions nontransferrable then you would see each medallion be owned by its own individual corporation, then the corporation would be sold instead of the medallion.
A fixed term license would be a better idea.
- jonlucc 11y agoIf I remember correctly from this[1] Planet Money podcast about a man who owns many medallions, the guy does have separate company names for each medallion. http://www.npr.org/sections/money/2015/07/31/428157211/episode-643-the-taxi-king http://www.npr.org/sections/money/2015/07/31/428157211/episo...
- Someone 11y agoIf the government only hands out new ones that cannot be sold to humans that problem cannot occur.