4 ms·
There is likely no point anymore, pretty much everyone agrees about that. But how do you transition to a new system in a fair manner?
by brohee 13y ago
There is likely no point anymore, pretty much everyone agrees about that. But how do you transition to a new system in a fair manner?
- mikeash 13y agoIt would be painfully expensive for the government, but I wonder if the best solution might just be to take the fair market value of the medallions at some recent point in time and then use that value to buy out all the existing owners. In NYC, medallions go for about a million bucks these days, and there are over 13,000. So this plan would cost the city $13 billion, or about 1/3rd of the city government's yearly budget. That's a huge amount of money, but not completely out of the question.
- nknighthb 13y agoTurn each legacy medallion into a license and an interest-bearing municipal bond. Then start auctioning a limited number of new medallions each year with the understanding that the medallion system ends completely in, say, 20 or 30 years. The auctions will still raise a nontrivial amount of money, especially in the first few years, which can be used to help fund bond payments and/or repurchase some of the bonds outright.
- imgabe 13y agoNot that I'm involved with Uber or speak for them in any way, but I think they'd be just as happy to have taxis in their app as black cars. I know they do where I live though not all the taxi companies participate. What's stopping the French cabs from taking dispatches from UberTaxi and offering a lower price than the black car service?
- JeffL 13y agoMake a medallion required for 30 days out of this month, 29 days out of next month, 28 days out of the next month, etc, until in 30 months, medallions are not required at all.