In response to:

Upward Mobility Barriers

Grant75 Wrote: Sep 05, 2012 5:11 PM
I don’t know, maybe it is just as well to hold down the lawyer population by any means possible. Clearly we need less lawyers and more taxi drivers.

Let's pretend that we have the political guts to expand economic opportunities for people at the lower end of the economic spectrum. What vested interests should be attacked, and what economic regulations should be targeted for elimination? It doesn't take a lot of money to become a taxi owner-operator and earn more than $40,000 a year. One needs a car, an insurance policy and ancillary interior equipment to make a car a taxi. In New York City, to be a taxi owner you'd have to purchase a license -- called a medallion -- that in June 2012 cost $704,000. New...