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Of course the taxi companies want to protect the status quo. Imagine if you had to invest half a million dollars per employee so they could legally operate and
by ghc 14y ago
Of course the taxi companies want to protect the status quo. Imagine if you had to invest half a million dollars per employee so they could legally operate and then some company claims they don't need to abide by the same system. Nobody wants their investment devalued. But if you think these companies care about keeping Menino in office, you're mistaken. They engaged in a decades-long legal battle to increase the number of available medallions, the limits of which were set in the 1930s.
- jonknee 14y agoMany of the people with medallions have not invested a half million dollars, they have just had them for a long time and have greatly profited by selling them off from time to time.