NYC’s yellow cabs were once perceived as a golden ticket to the “American Dream.” With the medallion serving as the license which allowed a vehicle to operate as a taxi, they were originally sold to drivers as “owning a piece of New York.”
But when city officials during the Bloomberg and Giuliani administration began to inflate the cost of the medallion for city revenue (with prices hitting upwards of the million-dollar mark at one point), this dream turned into a nightmare. Following the rise of ride-share apps, the medallion has since plummeted to almost a tenth of its value, leaving drivers with insurmountable debt.
My friend
@sara.chishti is currently fundraising for a documentary called
@taxidriverdoc, which tells the stories of drivers seeking to take back their power amid the medallion lending scheme. Battling against predatory lenders and the city’s indifference, help us bring these stories to life by supporting the film’s kickstarter, via the link in
@taxidriverdoc’s bio.
In an effort to get the word out about this crisis, meet Naider Henry, one of the cabbies featured in her film who is currently in $670,000 of medallion debt.
“I came from Haiti in 1985. When I first arrived in America, I thought my dream had come true. But day by day, I found out you have to work hard here just to make a living. Sometimes I drive 10-12 hours and can’t even make $200. My current medallion debt is $670,000.
On top of it all? All of the money goes to the car, the medallion mortgage, and maintenance…what money is left for me and my family? My current loan payment is $2,951.46 per month. Sometimes I only have $45 left at the end of the day. How am I supposed to survive? My message to NYC is: How can you help one group of drivers and leave the others behind? I am killing myself to make this money.”
#EndCabbieDebt #TaxiDriverDoc