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I 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
by BrainInAJar 12y ago
I 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.