NYC Taxi Drivers: Government Bailout

The government needs to devise a plan to bail out New York taxi drivers.  That is, according to Bronx and Queens Democrat Representative Alexandria Ocasio-Cortez who is pushing for a financial rescue plan to be made available for the thousands of drivers manipulated into less than legitimate loans.  At a recent congressional hearing about lending, she said:

“This is manufactured financial indentured servitude. And it is wrong. We need to bail out these drivers.”

Other Democrat representatives in New York – Nydia Velázquez and Carolyn B. Maloney – supported the words of Ocasio-Cortez.  There are also issues with New Yorkers trying to make more money by driving an Uber.  their hopes of supplementing their incomes have been dashed due to crippling car leasing fees – $500 weekly for a Lincoln with 30,000 miles on it.  One individual drove like this for three years working for Uber. His work days lasted 16 hours and he had already paid $78,000 for this “privilege.” when American Lease would not relinquish the car’s title, he quit.

Perhaps individuals like Velázquez, Maloney and Ocasio-Cortez can make this their next project.