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Because those conditions are attached to operating a permitted cab in New York. The permits have changed hands for hundreds of thousands of dollars in recent ye
by maxerickson 5y ago
Because those conditions are attached to operating a permitted cab in New York. The permits have changed hands for hundreds of thousands of dollars in recent years, they aren't agreeing to the terms by accident.
https://en.wikipedia.org/wiki/Taxi_medallion https://en.wikipedia.org/wiki/Taxi_medallion
- tata71 5y agoDidn't even see GP comment, but I can tell you many medallion holders have "agreed" under duress, one way or another.
- jevoten 5y agoThere is effectively no difference between the state placing those conditions on all taxis, or forbidding all taxis except those that have a medallion, to which those conditions are attached.
- maxerickson 5y agoIf the medallions are changing hands for more than $0 we can infer that most buyers are opting into the conditions attached to the medallion. They may not be happy with all of them, but they have had an opportunity to consider them.