allo allo wrote:
Nowhere have I suggested that drivers should pay inflated prices.
JD wrote:
Then how much would you expect a driver to pay under your scheme? And what do you see as a non inflated price?
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Unlike some, I don't think I have all the answers
To be quite frank looking at your proposals it would seem you don't have any answers, never mind "all"?
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The market would determine prices, but as the supply would be large
I thought you said numbers were to be decided by local authorities so how can you say if they will be large or small? What criteria have you in mind to ensure numbers are large?
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and most if not all cab drivers could have their own plated taxi
You mean most cab drivers would have their own taxi from the limited supply that is available? So what happens to those that don't have their own cab?
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then I would doubt that plated Taxis would attract a huge premium.
So you don't know how many cabs are to be licensed by each authority yet you offer up an opinion that they won't attract a huge premium?
At the moment your authority is unrestricted and there is no value on a plate yet when it becomes restricted it will instantly obtain a value. So to what number should your local authority restrict Taxis?
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But hey ho, I could be wrong.
Not could, you are most certainly wrong.
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However with a MUCH larger supply of plated vehicles the market would surely keep rents down to reasonable levels
We are all under the impression you want to reduce plated vehicles in order that you can make a decent living, so where do these increased vehicles fit into the equation? Under your scheme would there be more, or less vehicles?
JD wrote:
There is no evidence of that but there is evidence to the contrary. Therefore that assumption is incorrect.
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I'm sorry but basic economic theory should tell you that a large supply almost matching demand will place a very small price premium on the items being supplied. Your assertion is simply totally incorrect.
I am sorry to burst your bubble but the basic economic theory which you trumpet but can't explain is just pie in the sky. I said there was evidence to the contrary yet you make a rather childish statement about economic theory as though you know what you are talking about? You only have to look at Liverpool as an example to realise that your notion about plate premiums is as empty as your proposed blue print for change.
Liverpool went from having 300 vehicles to over 1400 and the plate premium is 50 grand. Manchester went from having 450 cabs to over a thousand and the plate premium is 50 grand. So before you start spouting off about economics in relation to the number of vehicles it might be wise if you did your homework?
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My suggestion is that Taxi numbers would be heavily influenced by current total HC & PHV numbers
I thought you said there would be a one tier system? Where have these private hire vehicles come from?
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therefore it is likely that most if not all aspiring Taxi drivers would be able to run their own Taxi
How can they run their own Taxi if you intend reducing supply to a level where in your opinion a person can make a decent living without working 75 hours a week? How many cabs do you intend to take off the road to meet your requirement of a decent living?
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and renting would be limited to new entrants or those unable/willing to buy a taxi themselves.
Who gets to choose the initial entrants and what makes you think you would be successful?
JD wrote:
A Rather bizarre analysis if you don't mind me saying so?
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I suggest you read, "Teach Yourself Economics".
lol I hope you are not suggesting that I read the same book that is responsible for your evaluation of the future of the Taxi trade?
JD wrote:
You don't know how many vehicles would be licensed because you have said it will be up to the local authority, you have given no criteria of who would and should be granted a license, you advocate a one tier system yet you now introduce private hire into the equation? You don't want plate premiums to exist but the very nature of your system suggests that plate premiums will be higher than ever before. You want to exclude hackney carriages that have a radio system from using Taxi ranks, no matter whether the radio system is for convenience, safety or obtaining work and you wouldn't allow punters to flag a cab within 100 yards of a Taxi rank?
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Your ability to see the big picture seems to be obscured by your latching on to details to which I would not begin trying to dictate the answers, they would be for LA's and legislators to deal with.
If you don't have answers to the questions being asked of your preferred system, then I suggest you go back to the drawing board and start from scratch. Perhaps you should consider leaving the future of the taxi trade to the meeting of minds think tank but on second thoughts it would appear they don't have any answers either.
JD wrote:
To me it sounds absurd but I suppose others might be convinced but then again, perhaps not?
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Beauty is in the eye of the beholder provided they possess vision.
Obviously the general concensus is that your vision is a little obscured?
JD