Latest bailout gift from DiBozo: a half billion dollars? to bail out yellow cab medallion owners

[C3D]

Not all are hailing latest NYC taxi bailout plan

A new plan to bail out New York City’s debt-ridden taxi drivers is getting support from top city and state officials — but critics say the numbers don’t add up, and claim that it threatens to wreck…

nypost.com

Apparently the city will force the evil banks that lent yellow cab drivers the money to buy medallions to cut the drivers' loan balances by roughly 80%. Never mind that medallions plunged in value because yellow cabs are terrible and uber offered a better option.

Up next, Federal trillion dollar student loan bailout.

Democrat government = insulating folks from the financial consequences of their decisions, at the expense of all the hard working people that actually pay the bills.

 

[spat]

Not all are hailing latest NYC taxi bailout plan

A new plan to bail out New York City’s debt-ridden taxi drivers is getting support from top city and state officials — but critics say the numbers don’t add up, and claim that it threatens to wreck…

nypost.com

Apparently the city will force the evil banks that lent yellow cab drivers the money to buy medallions to cut the drivers' loan balances by roughly 80%. Never mind that medallions plunged in value because yellow cabs are terrible and uber offered a better option.

Up next, Federal trillion dollar student loan bailout.

Democrat government = insulating folks from the financial consequences of their decisions, at the expense of all the hard working people that actually pay the bills.

The problem with socialism is that eventually you run out of other people's money.

That bill is coming due soon.

 

[CaseHardened]

No, sorry.

Sometimes you lose.

 

[CaseHardened]

Perhaps I would agree to help Taxi Medallions, from this point forward, if now they were FREE.

Solving a problem that is current, even at great expense, may be fair.

But END that problem, NOW.

 

[tirwin1]

The world is changing right in front of their eyes and the stupid bastards can't even see it.

What happened to horse drawn carriages upon the advent of the motor car? Or does the goddam mayor's office not have any sense of historical knowledge?

 

[spat]

The world is changing right in front of their eyes and the stupid bastards can't even see it.

What happened to horse drawn carriages upon the advent of the motor car? Or does the goddam mayor's office not have any sense of historical knowledge?

Did they bail out all the blockbuster video franchise owners too ?

 

[Cavalry]

Can someone explain NYC insanity to me? I know what the medallions are, but what exactly is the purpose other to drum up money? How did medallions become a commodity?

 

[Grimscale]

Can someone explain NYC insanity to me? I know what the medallions are, but what exactly is the purpose other to drum up money? How did medallions become a commodity?

In a nutshell...
Government sponsored monopoly.

You couldn't run a ride-hailing business without one of the government controlled medallions, which, coincidentally, cost a fortune to get.

That's why, when Uber first started, these City governments were so quick to ban them, or force them to buy medallions also.

 

[Saltwater60]

They have to spend the stimulus money from the feds of they will lose it by the end of the month. You will see lots of stupidity from on until 12/31.

 

[fresch]

They have to spend the stimulus money from the feds of they will lose it by the end of the month. You will see lots of stupidity from on until 12/31.

This too should be fixed, if you save money you can request more for a per project; if you go over budget better have a good reason.
But that would make skimming harder to do.

 

[Drinkthekoolaid]

Let it sink.



It's an endless cycle of;

Take other people's money
Spend other people's money on dumb shit to buy votes
Run out of other people's money
Raise taxes
Spend more of other people's money on new dumb shit to buy more votes
More people leave, less revenue streams
Raise taxes on those who remain to keep the same cycle sustained

 

[SomeSoldier]

Let it sink.



It's an endless cycle of;

Take other people's money
Spend other people's money on dumb shit to buy votes
Run out of other people's money
Raise taxes
Spend more of other people's money on new dumb shit to buy more votes
More people leave, less revenue streams
Raise taxes on those who remain to keep the same cycle sustained

Its why I plan on leaving. Been begging my wife to do so for years and finally got her to see the light. We now have a goal to leave this state within the next 3 years.

 

[Blimey]

Can someone explain NYC insanity to me? I know what the medallions are, but what exactly is the purpose other to drum up money? How did medallions become a commodity?

Became another silly thing for fools to dump money into hoping to get rich on exponential growth. Then it, very predictably, came crashing down. Even had uber not cut it out at the knees it would have happened.