2 ms·

This is a common and bad form of argument: "there is at least one conceivable justification for this law, so it is not rent-seeking". But no one ever makes the

This is a common and bad form of argument: "there is at least one conceivable justification for this law, so it is not rent-seeking". But no one ever makes their primary public justification "we'd like to screw over the public and make more money". There is always something about some harm that the law will prevent. The question is whether the law is well targeted and proportionate. The restrictions on supply for taxi medallions fail that criterion by a long shot.

wheelerwj 10y ago
its not a bad form of argument if its he truth. the world isn't black and white as much you might try and force to be. I have taken a number of ubers that I wish had been regulated better: Both from safety and cleanliness. Yes, the taxi medallion issue is wildly inappropriate at this point in time. But it obviously served a purpose.