At what point do people have the right to defend themselves

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Wednesday, November 19, 2014

The disaster of Taxi cab regulations in NYC, so few cabs that the medallions are $1m and the impact on service really shows

Posted on 12:23 AM by kitkat boom
I was in NYC yesterday to give a talk, and I had to get a taxi cab twice.  Once to go to the Grand Hyatt (traveling from 7th Ave & 28th St. to 109 E 42nd St, about 1.3 miles) and then another mile trip.  On the first leg of the trip, I flagged down several cabs, but I was told that the drivers were unwilling to travel to the hotel.  They wanted to go someplace else.  If I had said one of the airports, they would have been happy, but that isn't where I wanted to go.  On the second leg of the trip, it took  40 minutes waiting for a cab.  Now this second trip was at 5 PM, so I wasn't too surprised, but I had a big box of books and it was raining.  I have never previously run into so many cab drivers who simply refuse to take a ride because they apparently know that they can shop around until they get a bigger fare.

Yet, there are so few cabs that taxi medallions are now over $1 million each.  Can't they have enough cabs so that the price of medallions would only be at, say, $500,000?
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