A. All the fare increase will do is to increase the wealth of medallion owners.
The medallion owners and the lease managers are not hurting.
This is a gift from the public to medallion owners.
City officials say medallion owners should absorb the costs of the safety improvements and find ways for drivers to make more money.
A new medallion owner should be able to gross about $90,000, for a yearly income of about $50,000.
No mayor, it seems, has ever been willing to pay the political price in challenging the power of organized medallion owners.
The winners in this system are the medallion owners.
The commission need not reward medallion owners with higher fares.
Perhaps surprisingly, officials say medallion owners have not objected to the new rules, which may lead to an increase in their competition.
They want the surcharge to go to medallion owners.