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A comment on Taxi Medallions, Once a Safe Investment, Now Drag Owners into Debt. Parent comment

Re:Taxi Medallions, Once a Safe Investment, Now Drag Owners ... by jacobush on Monday September 11, 2017 @05:10AM (#15217114)
"Traditional" taxi does not have to be bad. I think (I may be mistaken?) London taxi drivers are quite polite and also have to memorise the geography of London, which I imagine keeps a lot of would be but lower quality drivers out.
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Re:Taxi Medallions, Once a Safe Investment, Now Drag Owners ... by SuperGent on Monday September 11, 2017 @05:31AM (#15217201)
Indeed, but those that spent 2-3 years gaining the knowledge[0] and then paying for their cab, and licence are then being usurped by a Uber driver with a GPS and a cheap car. Even with the 'star' system the service levels will drop. [0]https://tfl.gov.uk/info-for/taxis-and-private-hire/licensing...
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Re:Taxi Medallions, Once a Safe Investment, Now Drag Owners ... by beagle3 on Monday September 11, 2017 @05:25AM (#15217175)
I agree, But it's still a monopoly that charges monopoly rents, mostly because of "tradition".
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