I have no problem with letting other qualified drivers use a medallion cab (the medallion is physically and legally affixed to the vehicle). Taxis are a 24/7 business, and individual cab owners routinely lent or rented out their cars to people they knew so that the asset wasn’t sitting idle. The point is to avoid the monopoly racket, where a few fatcats like Michael Cohen who haven’t driven a cab in years if ever control hundreds medallions and shut out individuals and raise consumer prices.
Being a cab driver (as opposed to owning a medallion) should continue to carry with it the requirement of a special commercial driver’s license, though. That license should also be required of anyone who buys a medallion.
