4 ms·

I'm not familiar with medallion system, do you have to buy them per-car or per-cab-company? In any case, 1 million is just, wow.

• ghshephard 12y ago
  One per cab.
• ars 12y ago
  Per car, and also they are tied to the car, not the driver. So divers rent them for the day, or by the hour. It's basically a government sanctioned monopoly. It doesn't even have the pretense of being about safety or anything like that.
  • jgh 12y ago
    Does it transfer to a new vehicle? Cabs put on so many hard miles that it seems like a really steep price for something that isn't going to last that long.
    • ars 12y ago
      The medallion itself is physically attached to the cab, but since the medallion does not expire I'm sure there is a transfer process.
    • noer 12y ago
      The medallion is a license to operate a for hire vehicle. IIRC, you can remove and re-attach it to as many different vehicles as you like.
  • baddox 12y ago
    It is exactly a government sanctioned monopoly, but there is definitely a pretense of being about safety. Like pretty much any "progressive" policy, you can find people (even on these frequent HN threads) defending taxi regulations under that pretense.