Monday, January 16, 2012
Big government hurts the little guy again
In order to for New York City taxi drivers to operate legally, the drivers of the iconic yellow taxis must have a medallion issued by the city’s Taxi and Limousine Commission—the going rate for one is a cool $750,000. That's more money than the combined debt loads of a legal and dental student in New York. That would cover more than 1,500 permits to have a microbrewery in the same city. What's the deal with the insane cost just to be permitted to operate a legal taxi?
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