4 ms·

Seems a much better solution would be to let the drivers go bankrupt? If it's possible for startups why not for cab drivers? That hedge fund or whatever it is

• dookahku 5y ago
  On the surface it seems similar but I think there's differences because of proprietorship Seem to me that taxi driving is more of a (formerly) safe and proven blue collar job rather than an enormous and risky enterprise with investor money. Whereas with cab driving many times in the past it was a simple loan There's the expectation of failure in a startup but not in a simple blue collar job There is much more on the line personally than a startup.
  • Atheros 5y ago
    But the taxis and jobs aren't actually at risk of disappearing. The only thing at risk is the return on capital; the taxis and taxi drivers will remain regardless. One might say, "But the taxi drivers were sometimes the ones investing in medallions" to which I would reply that "investing" is the key word there. The medallion and the taxi it is on will continue to exist.
    • dookahku 5y ago
      I wish you could have empathy with other people
      • Atheros 5y ago
        There is no free lunch here. My empathy lands with the taxpayers who may or may not fund a bailout more than it lands with investors.
• vanusa 5y ago
  Seems a much better solution would be to let the drivers go bankrupt? That's the spirit - just fuck all these people. If it's possible for startups why not for cab drivers? Might there be a difference between startup founders and cab drivers?