That’s the costs of the regulated maintenance, inspections, licensing, and the value of the medallion itself (that’s a matter that does need fixing, Medallions don’t need to be so scarce).
But not getting the regulated maintenance, inspections, and licensing - pocketing that cash instead of paying other qualified people to validate that you are safe and secure - is the corrupt part of it, as I see it. Uber does not have a transparent process. They should. Instead they have data modeling that apparently tries to outsmart the police who might be enforcing laws applicable to their drivers?? They make money by half-assing what a taxi is.
Semantics about fraud are tiring, but par for the course. I will never tire of knocking down antisocial nonsense, sorry if it takes food off your plate, but you’re sort of bragging about taking food of the plates of others. We can find a balance if we stop taking it so personal and accept regulation as a cost of doing business, because it is.