I notice that this is not how ‘supply and demand’ works. Does this person think the taxi/Uber/Lyft drivers won’t raise prices to compensate? Is it retroactive for decades, since I can’t think of another way anyone could ‘lose their life savings’?
The fees will not come from the pockets of Silicon Valley billionaires, but from the pockets of hard-working New Yorkers. New Yorkers that have invested in driving, pouring their life savings into the industry.
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That being said, we simply cannot absorb another fee or another tax. Even if it is paid for by the consumer, the ultimate impact will be on the drivers in lost business and income. And in order to remain competitive, we fear the app-companies will simply lower their rates, again, impacting driver income. For-hire vehicle travel in New York City cannot be seen as an untapped source of funding for the state, city and MTA. This must stop as it is only hurting the working class, poor and immigrant communities and drivers.
That person writes: