4 ms·
You missed out all of the actual services he provides, such as all of the ones the law stipulates.
by nodata 12y ago
You missed out all of the actual services he provides, such as all of the ones the law stipulates.
- phaemon 12y agoSo did you.
- ps4fanboy 12y agoI think your conflating the services his customers provide with what he provides, all this man does is lease medallions to other companies/people.
- corin_ 12y agoThere's an argument to be made that, given the cost of medallions, men like this are essentially enabling people who couldn't otherwise afford to be taxi drivers to do that job.
- msh 12y agoAnd how is that not a really bad case of rent seeking? If he did not do this the price of the medallion would have to be something the driver could afford.
- corin_ 12y agoIn the situation that exists, the drivers need him to provide that service. Of course I think the system is absolutely fucked up, but that doesn't mean that he isn't providing a useful service to his drivers currently.
- msh 12y agoDont you think that the prices would be lower if you were not allowed to lease out your medalion? My point was that he is partly responsible for creating a fucked up system and does not provide any value to it but just raises the prices.
- BrainInAJar 12y agoI actually think prices would be higher if you weren't allowed to lease out your medallion (or at least availability would be much worse.) You can only work so many hours in the day, for the time you aren't working your medallion is either idle, or being used by someone else.
- judk 12y agoThen cabbies would bid less for medalions, and city would offer more medallions to cancel the idlenes.
- ps4fanboy 12y agoThis so much, then people like Mr. Ionescu and others wouldn't have the huge lobbying power that they use to coerce the taxi establishment into limiting the amount of medallions to prop up their rent seeking investments.
- baddox 12y agoWhat you're missing is that these middle men almost certainly exert political influence to ensure that this situation exists. You're treating the two as independent, when I doubt they are.
- baddox 12y agoYou mean because he has enough money to pay for the extremely expensive medallions?