Oaktree
Super Member
Itç—´ free market capital. People willing to work and choosing how or when to do it. Cabs have been a monopoly for far too long, unchallenged and unchecked. Uber / Lyft is a huge benefit to the consumer.
I don't disagree that taxi medallions, especially in larger cities are a racket and the system is designed to restrict ownership, but let's be real here...Uber drivers are not "ride sharing", they're operating an unlicensed taxi with little or no accountability. The only difference is you can't hail one, you need to go thru a cellphone ap to contact one.
Even though I haven't ridden in any sort of cab since, I dunno, the early 80s maybe I have not problem with cities increasing the number of cab licenses, but I'm surprised cities haven't been able to better crack down on these gypsy cabs.