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why, the city sold a fresh batch of medallions to raise funds, took their money, then refused to give them a refund after CPUC legalized ridesharing across the
by 33MHz-i486 7y ago
why, the city sold a fresh batch of medallions to raise funds, took their money, then refused to give them a refund after CPUC legalized ridesharing across the state. Who's really at fault?
- jmpman 7y agoYou’re suggesting that Uber didn’t have lobbyists involved? My view is that Uber manipulated the system (I don’t agree with the previous system), and the people who suffered are the medallion holders.
- LanceH 7y agoThe whole reason there are medallions is that there is so much taxi money lobbying to limit entry to the market.
- jmpman 7y agoHow likely are disparate medallion owners to hire a lobbyist and influence the legislature versus Uber?
- LanceH 7y agoThe medallion restrictions and lobbying goes back decades before Uber. There would be no Uber without the taxi lobby backed, government enforced, artificial restriction on supply.