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Even if cities decided that it is in their best interest to limit the number of taxi drivers, there is no good reason why the license should be transferable pro
by ProblemFactory 9y ago
Even if cities decided that it is in their best interest to limit the number of taxi drivers, there is no good reason why the license should be transferable property that can be bought, sold and rented.
If a taxi driver quits, the city, and not the previous driver should choose who is the best candidate to replace them.
- brandur 9y agoLikewise, we should have seen the rise of middlemen who put up the capital to buy medallions, rehire drivers at suppressed wages, and proceed to collect rent forever, as bad. This is essentially the same problem that we see reoccurring everywhere in modern society. We put in a system that seemed like a good idea, but after some time being exercised in reality, turns out to have some serious flaws. Fixing those flaws is so time consuming and expensive that it becomes a bureaucratic impossibility. The result is that the profits pass onto the few, and everyone else suffers for it. (e.g. politician buying in Washington, software patents, prop 13 in California, etc.)