In NYC, in order to operate a taxicab, a taxi medallion is required. A limited supply made them very valuable assets, and before Uber and Lyft, the medallions were valued at $1M.
Cab drivers invested their savings in these medallions, but now, the demand for traditional cabs has dropped, and the value of the medallions has also dropped, by 80%.
In June, a NYC cash-strapped cabbie committed suicide, the sixth since last November.
Alexandria Ocasio-Cortez has blamed “the unregulated expansion of Uber” for these unfortunate suicides.
So why is her campaign using Uber, and not yellow cabs?
New York congressional candidate and Democratic socialist Alexandria Ocasio-Cortez has repeatedly castigated ride-sharing giant Uber and blamed its “unregulated expansion” after a yellow cab driver commited suicide, but her campaign has taken nearly $4,000 worth of Uber rides between April and late June.
Ocasio-Cortez, who became a household name after defeating Democratic incumbent Rep. Joe Crowley (D., N.Y.) back in June, has criticized Uber several times on Twitter as recently as March, in a post flagged by Fox News.
“NYC’s fourth driver suicide. Yellow cab drivers are in financial ruin due to the unregulated expansion of Uber. What was a living wage job now pays under minimum,” she tweeted….
Ocasio-Cortez’s campaign staff recorded spending nearly $4,000 on 160 Uber rides between April and late June, according to Federal Election Commission (FEC) records. The Uber payments ranged from just 59 cents to $82.26 and were filed under “car service,” according to Fox.
In her home state of New York, Ocasio-Cortez’s campaign doesn’t use the traditional yellow cabs for getting around either….