3 ms·
No, medallions were not meant to limit traffic. Medallions were the answer to the race to the bottom that occurred (too many taxis, not enough fares, shady beh
by bsder 3y ago
No, medallions were not meant to limit traffic.
Medallions were the answer to the race to the bottom that occurred (too many taxis, not enough fares, shady behavior from the taxis)--just like we are seeing again.
Everybody seems to forget that laws that exist are there because there was a reason.
The fact that medallions became perverted into entrenched monopolies was a problem that should have been solved rather than just throwing them out.
- Ekaros 3y agoThe biggest failure with medallions from outside perspective was that they could be transferred. Licensing for taxis does make sense, but those should not be transferable outside selling the whole corporation. And they should be returned in bankruptcy or retirement to a pool to be redistributed.