The yellow cab/medallion group were in large part responsible for this mess.  By keeping the medallions in short supply to inflate the value of those who owned them it opened the door for other services to compete and overtake.  Then everyone got hurt with medallion holders getting the worst of it as their investments tanked.  So now, as usual, the people at the top are making a fortune and those at the bottom are struggling. But the rhetoric remains the same.Income inequality.  It’s the American Way.  Until we bring back unions.

The yellow cab/medallion group were in large part responsible for this mess.  By keeping the medallions in short supply to inflate the value of those who owned them it opened the door for other services to compete and overtake.  Then everyone got hurt with medallion holders getting the worst of it as their investments tanked.  So now, as usual, the people at the top are making a fortune and those at the bottom are struggling. But the rhetoric remains the same.Income inequality.  It’s the American Way.  Until we bring back unions.

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