(subject line adjusted -- this has long ago ceased to be
Maastricht-specific in any way)
--On Tuesday, May 18, 2010 13:11 -0400 Phillip Hallam-Baker
<hallam(_at_)gmail(_dot_)com> wrote:
...
Mandating credit card acceptance should in theory merely
reduce the amount the rent that the medallion owners can
extract from the drivers and thus not affect the proportion of
the fares the drivers receive. The reason the drivers do not
like them is that they make their earnings more transparent to
the medallion owners and thus enable them to maximize their
rent extraction.
A closely-related reason the drivers don't like them is concern
that credit card charges leave a paper trail that can, in
principle, make it harder to distort income for taxation
purposes.
None of this makes the comments of Ted and others less true.
The equation is, as usual, a little more complicated than credit
card charges or perceived "float" alone. There is no "the
reason", only a whole complex of reasons, some of which may be
more important to some drivers in some areas than others.
john
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