4 ms·

Bloomberg is attempting to clip the wings of the taxi industry, but he's having a hard time of it. I'm not sure of the details and precisely why the taxi indus

• wisty 15y ago
  It's nothing to do with left vs. right. It's people with vested interests. For most people, getting a taxi is a minor annoyance. They don't know what any candidates' standing on the issue is, and don't even know how the issue effects them. Why would they consider it when they go to the polls? But medallion owners care. If someone says they will end the program, they will vote like crazy against it. They will also tell the drivers (who might actually stand to gain if they could get their own medallions at a lower cost) that margins will drop, cheap competitors will move in, safety standards will drop, and so on. The same is true of sugar imports, patent laws, retrospective copyright extensions, and other issues which have a few people who care about it, and a lot who don't even understand it. OK, you could say that deregulation is what the right (or libertarians) stands for. But sometimes it works the other way - regulations and subsidies can arguably help the broader community while hurting a few special interest groups.