Comment Re:Good? (Score 1) 273
What Taxi owners enjoy is a system of "Supply Management". It artificially creates scarcity, eliminates competition and keeps prices high. The owners of the medallions make a fortune, the taxi drivers make less than minimum wage, and the consumer gets a bunch of problems including waiting far too long for cabs at peak times (bars close or cruise ships arrive). As with many things done with good intentions and counter to market forces it has the opposite effect of what you claim is intended.