Comment Re:No matter what Uber says ... (Score 2) 176
Medalliions cost what they cost because they are limited. They are limitied because there is only so much taxi service a city can handle. Adding more cars to the street doesn't move more people, it just creates more congestion. And congestion leads to aggressive driving and such stupity as using the sidewalk as a way around traffic. A glut of taxis means aggresive actions in trying to get fares (like picking up on the wrong side of the street, etc). A glut of taxis also means it is difficult for any particular taxi service to make enough money to stay in business. Who will survive? The one that spends the least money on luxuries like proper maintenance.
Yes, this describes conditions before the taxi laws were introduced. It is why the people wanted regulation.
There are good reasons for the taxi regulations and the medallion system. Just because you want to pretend they don't exist does not mean the don't exist in reality.