Comment by SoftTalker
3 months ago
Drivers rarely owned the medallion. They leased the cab for 8-12 hours and drove it on behalf of the medallion owner.
3 months ago
Drivers rarely owned the medallion. They leased the cab for 8-12 hours and drove it on behalf of the medallion owner.
I work for a company that owns (iirc) a large portion the medallions issued by NYC. We rent the vehicle and medallion out to people to drive/work
What a stupid process. It bothers me that farmers rarely own the land too. We can't shake our tendency to let wealth turn us into tiny little kings that live off the rent. (not so tiny in the case of farms, but you get it).
>It bothers me that farmers rarely own the land too
You will be glad to learn that most farmland is farmer owned:
https://www.ers.usda.gov/topics/farm-economy/land-use-land-v...
I am glad to hear that. Thank you for correcting me.
This depends a fair bit on how you define "farmer", of course.
2 replies →
Medallion is an artificial scarcity. Land is actually scarce.