Quote:
Originally Posted by Pruzhany
The CEO of Uber says New York City should impose a fee on app-hailed rides to help taxi medallion owners who are struggling with debt.
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Or maybe uncompetitive businesses should go out of business, otherwise we would still be paying surcharges on horse carriages.
The thing is, these medallion holders bought their medallions at their peak and they borrowed money to do so. They did their research and took the risk. They willingly signed over the dotted line when they took out a loan. They have to adopt now just like all other business owners.