Originally Posted by
rickair7777
That's how it worked for taxi-cab drivers (before uber made them nearly extinct). Medallions (limited in number by the municipality) could be sold on the open market, and in some places went for hundreds of thousands $. The last generation to buy medallions probably lost their butts on that though (uber).
Originally Posted by
badflaps
Just in a Chicago cab yesterday, man said $400,000. medallions selling for $4000. Ouch!
Originally Posted by
rickair7777
Never understood why cabbies need a medallion/permit, etc and uber doesn't. As long as there's an app for that it circumvents all law and regulation?
I know some countries didn't let uber run amuck (ex Germany).
The cab industry did it to themselves buy creating a need for Uber. Almost ever trip in a cab I have taken as been me making sure when I called for the cab that the company took my company credit card. When the cab showed up, the driver couldn’t speak English which made it very difficult for me to tell him where I wanted to go. En route, I knew enough about where we were going I knew my ten minute drive shouldn’t have been 20, or whatever... sometimes I’d see landmarks that I knew weren’t on my route. When we get to my destination, his credit card reader is broken and the fee is $42.50. All I’d have on me were 20s and he’d have no change.
Every god damned time. I can not describe my disdain for the cab industry.
I got to the point of refusing to take a cab for years. Airport shuttle, walk, or rent a car. Uber’s app approach solved every one of those problems. The fact it’s generally cheaper is just the cherry on top... I would pay more for an uber than I would a cab.