Medallion Bubble Bursts: Taxi Protest Down and a US Price Collapse
mishtalk.com / Mike “Mish” Shedlock / February 16, 2017 2:51:07
If you are in the tax driving business and paid a lot of money for a medallion or license, sell it while you still can, if you still can.
In Melbourne Australia, Taxi Reform and reduced costs of licenses have some drivers worried they will lose everything.
Sandy Spanos is only 58, but now she could lose her house and be unable to pay for treatment for her cancer, which she was diagnosed with two years ago because the reform will leave her and her husband in hundreds of thousands of dollars of debt.
Mrs. Spanos invested in three taxi licenses so she could enter retirement comfortably with a good superannuation, but she said it has all been ripped from her.
The post Medallion Bubble Bursts: Taxi Protest Down and a US Price Collapse appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/02/16/medallion-bubble-bursts-taxi-protest-down-and-a-us-price-collapse/
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Oh no! Those darn horseless carriages will DESTROY MY LIFE! I’m sick and going to go bankrupt. We must stop this insanity!