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The money already came from the sale of the medallions. It isn't a yearly fee, which is good, since at 150m taxi rides per year, that would increase the price of each ride by at least $100.

Though medallion sales also aren't worth anything near $15b, anyway -- the 1.2m figure is what medallion sales peaked at. Most sold for significantly less in the past.

Normally very few new medallions come up for auction; the city knows their value is in their scarcity. Though the current budget[1] accounts for some $400m per year from medallion sales, mostly from the continuing rollout of green/boro cabs, which, if coming from the rest of the system instead, would still be a pretty significant fare hike per ride.

1: http://council.nyc.gov/downloads/pdf/budget/2015/taxi.pdf



they'll probably institute some kind of tax that if you have a medallion you don't have to pay. Since all the Uber data goes through the internet all the transactions can be tracked and taxed.




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