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those medallions should never have been allowed to grow to such excessive values in such a highly regulated industry. if anything it exemplifies exactly why reg
by Shivetya 9y ago
those medallions should never have been allowed to grow to such excessive values in such a highly regulated industry. if anything it exemplifies exactly why regulation can stifle innovation and competition. As with other cities deep pockets get control over the bulk of them and then lease usage which makes those leasing worse off than having the ability to compete on an even playing field in the first place.
- nserrino 9y agoYes definitely agree the system was bad -- hence why I am basically a permanent Uber/Lyft customer. Doesn't mean that a fast one wasn't pulled on those who bought into it under the premise that it would be enforced.
- TheCoelacanth 9y agoYes, something like this should never be sold in perpetuity. It they wanted to have a system like this they should have made them leases instead.