> You may be confusing taxi drivers with taxi companies owning and selling medallions No, I'm not. In cities I know, they are politically weak. Also, when I ta

> You may be confusing taxi drivers with taxi companies owning and selling medallions No, I'm not. In cities I know, they are politically weak. Also, when I talk to drivers, they all would rather drive taxis where they make more money, but have little choice when Uber is taking all the business. They almost universally say Uber pays less, treats them poorly (e.g., they have to supply their own car), and leaves them powerless (Uber can change rates and increase the supply of drivers any time it wants). > for hundreds of thousands of dollars Is this big number supposed to be impressive? Let's not forget Uber's 40 billion dollars and lobbyists who used to advise Presidents, if we want to talk about political power. It's laughable to compare taxi companies with Uber.