Why government licensing prices poor people out of business

posted by
June 9, 2011
Fox News Forum
by John Stossel  
Posted in Commentary, LAND Commentary, PND Commentary

"Politicians care about poor people. I know because they always say that. But then why do they make it so hard for the poor to escape poverty? ... to operate a taxi in NYC, you have to buy a license, a 'medallion,' from an existing cab company (or at a once-in-a-blue-moon auction). Medallions are so scarce, they now cost hundreds of thousands of dollars. Licensing prices poor people out of the business." (06/08/11)


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