There ’s so many bullshit argument throw around surrounding Uber , it ’s refreshing to see the real understanding that cabbies detest the company : it ’s killing their taxation , and the note value of medallion .
A suit filed today against New York City and its Taxi and Limousine Commission claims has a few finger cymbals to beak : regulators have allowed Uber to infringe on the dominion of regulated industries , and also have n’t regulated Uber while it competes with regulated taxi caller .
The end solvent , which is somewhat indisputable , is a tumble in medallion prices . For companies that lease medallions or lend against them , that ’s a fair ruinous upshot , and one that they ’re uncoerced to sue for . Specifically , the case is inquire for compensatory and punitive redress . A previous lawsuit in Queens County along similar lines was dismissed , so it ’s indecipherable how on the button this battle against technology is going to go .
[ Reuters ]
apportion economyUber
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