Re:Read This Before You Build Uber for X
by ardit33 on Friday September 01, 2017 @01:44PM
(#15150713)
Taxi Medallion used to cost more than 500k in NYC.
So half or more of your fare are going to some guy that bought the medallion years ago (or some investors actually), and just rents the privilege for other drivers to drive, it doesn't go the driver's pay, or propper car maintenance, etc...
That is pure rent seeking via "regulation", and Uber and Lyft are cutting through it. (and I am glad they are doing it).
Re:Read This Before You Build Uber for X
by ams6110 on Friday September 01, 2017 @10:05PM
(#15153793)
If by "cutting through it" you mean "breaking the law" I agree. And sometimes laws should be broken, to make a point. But let's not be under any illusions.
So half or more of your fare are going to some guy that bought the medallion years ago (or some investors actually), and just rents the privilege for other drivers to drive, it doesn't go the driver's pay, or propper car maintenance, etc...
That is pure rent seeking via "regulation", and Uber and Lyft are cutting through it. (and I am glad they are doing it).