This recent New York Times story about the rapid decline in the value of taxi medallions, due to competition from Uber, Lyft and the like, portrayed the purchasers of the medallions in a sympathetic light. Many are immigrants struggling to enter the middle class, willing to work hard to achieve the American dream.
My reaction to the story was reflected in many of the readers’ comments (usually the best part of any Times story) who recounted taxi drivers refusing to pick them up because of their race, or refusing to take them to an outer borough. I remember coming home more than once from an exhausting business trip, laden with luggage, and being refused a ride to where I lived at the time, in Brooklyn Heights.
While I do have sympathy for those rule-abiding driver-owners who lost their investments, I have no sympathy for the all-too-many drivers who viewed the oligopoly conferred by their medallions as a license to engage in predatory behavior. Karma, as they say, can be a bitch.