I'd expected better from NYC. They are again trying to put back "Medallion" culture back in so that only powerful few can operate taxi business and essentially

I'd expected better from NYC. They are again trying to put back "Medallion" culture back in so that only powerful few can operate taxi business and essentially are licenced to exploit drivers from 3rd world. The city should have seen its taxi system as shameful arrangement where rich people created laws to get license for what was a slave market for all purpose and intent. People like Michael Cohen had exploited this system to make 10s of millions of dollars from the sweat of taxi drivers for practically zero effort. There are no reason to artificially limit the number of taxis. The demand and supply are far more efficient and desirable than politicians.