Quote:
Originally Posted by Ducay
Can't get much worse than it already is, so this has to be a step in the right direction.
That said, the amount some of these cabbies are paying for the plate is beyond astronomical, so I can see why they have such a vested interest in keeping status-quo
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Conoco paid top dollar for Burlington at the height of the gas price swing in the early '00s. Right after they bought gas prices crashed and hasn't (and likely won't in our lifetime) recovered to those levels. My point with this anecdote is that sometimes, in a free market, you buy something at a certain price/expectation level and then the market moves and you lose money.
We as a society should not be supporting cabbies and artificially creating an constraint on supply - Too many in the free market lose money when the market moves on them, the cabbies would just be added to that list.
C'est la vie.
As an aside, I agree with your point and think it's valid - I just don't believe it justifies not making the change. Rip the bandaid off.