Sunday, December 11, 2016

Fifty Favorites, Number Seventeen

7 September '09 -- This is what happens when there are more drivers than there are cabs, there is no union, and owners of taxi garages have nothing to stop them from splurging on their own greed.  Five years after this picture was taken Uber comes along, the drivers defect to Uber in droves, and the value of the medallion drops from over a million dollars apiece to virtually nothing.  That, owners of taxi garages, is what is known as "karma".

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