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arendt

(5,078 posts)
4. Uber is Robbery
Mon Jun 13, 2016, 10:20 PM
Jun 2016

Taxi drivers pay tens of thousands of dollars for "medallions" - licenses to operate. They buy them in the expectation that they can be resold.

As long as laws are enforced, the value of medallions will be driven by supply and demand. Uber just barges in with no license. They are literally stealing money from drivers who made a major investment and played by the rules.

If Uber were honest, they would buy medallions. But then they would be bound by those inconvenient regulations.

Fuck Uber and it's libertarian pick CEO, Travis Kalineck. Making billions by dismantling the government.

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