Taxi Driver Online

That's what I like about you Mr T (or should I now call you T the first), is that you have the wonderful knack of ballsing up a thread.

Why not try the preview button every now and again?

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IDFIMH

Exactly how are these extra cabs going to be driven? Is there a secret supply of licensed drivers out there? :?

Or will those extra cabs be driven by existing jockies? And if so how will that lead to less money being taken by anyone other than lazy non-working owners

Oh what the hell[/quote]

Existing jockies are either content being a jockey, don't want the hassel of running their own cab, or lack the finacial viability to buy their own plate. Free plates will attract freeloaders, people lacking any real commitment to the job, put in the minimum and take out the maximum. They will undercut, bend the rules, minimum maintenance etc,etc.
There will be plenty of takers especially in the short term, look at bus dereg, do you think that has worked. Owners may be lazy but at least they put their money up. Do you feel the same about shareholders in public companies. Money is the lubrication of business, dont shoo it away by making the taxi trade a poor investment.

I think you will find that's what you have at the moment.

As for jockies not being able to buy a plate, exactly, which is why we should do away with plate premiums.

A touch of treating everyone the same wouldn't go amiss in this trade.

You point about standards is also flawed, if someone has to buy a plate for up to £50,000, then that's £50,000 less he has to spend on standards.

Which is why most of the councils that have de-limited in the last couple of years have done so but have put in place quality standards.

But if you have come across a de-limited area that does have poor standards, that's evidence of poor and weak LOs, nothing else.

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IDFIMH

Drug dealers invest in more poppy fields, but that doesn't make it right.

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IDFIMH

This is the most moronic comparision yet. Pathetic and childish !!!!!!!

A: No its evidence of poor weak and stupid people running taxis, that would never be in business if it were not a freebie

Rather than even try an attempt of deciphering that post, I will say that I agree with half of it i.e. the bits I wrote.

And I disagree with the other half i.e. the bits T the second wrote.

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IDFIMH

I think the problem with your type of argument is the sweeping and simplisitic generalisations that you make.

No one ever suggested that in unrestricted areas it's one man one plate, or that none have joined a circuit.

And most circuits I know don't operate the plates anyway, so one man one plate is hardly incompatible with circuits.

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Taxi Driver Online
www.taxi-driver.co.uk

So why do people think the London black cab trade is so good, or is that what you are describing?

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Taxi Driver Online
www.taxi-driver.co.uk

In Royden the judge referred to the use of the term goodwill by the Inland Revenue, but then went on to say:

However, unlike the normal case of "goodwill" as a business asset, this 'premium' does not arise out of the fact that Mr Royden has built up a reputation or has an established clientele, as might be the case of a business such as a restaurant. The 'premium' arises simply because of the restriction on the number of hackney carriages authorised to ply for hire in the Wirral area. In other words, it is simply the reflection of the value of the local monopoly enjoyed by the existing hackney carriage proprietors and drivers. Presumably, the transferee's willingness to pay such a premium results from his estimation of the future profits he hopes to be able to make from the business thus protected.

Thus while the IR may use the term, it's just a description and has no real basis in relation to commercial realities, the IR just use it for capital gains tax purposes, its description is meaningless.

It's amazing that people like T. seem to think they know so much about business, but what they are clearly talking about is more of a cartel than a proper business, and also perhaps explains why the don't know the proper meaing of goodwill.

A more accurate term is 'excess profits'.

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Taxi Driver Online
www.taxi-driver.co.uk

Take a look around you at the real business world T., and you'll see that you don't need a closed market to invest.

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Taxi Driver Online
www.taxi-driver.co.uk

No wonder jockeys lack finacial viability, when there carring some greedy lazy prat on there backs . Jockeys they should be called horses . There are free loaders in the taxi business . Its not the driver . There are plenty of takers , in the taxi business . Its not the driver . There are the greedy fleet owners, who cheat , put the minimum in take out the maximum . even think there better than ever one else . Lots dont even drive . Who are you . call your self a driver i dont think so Streetcar.

So now you are saying the taxi trade is a sound investment?