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On the surface it seems similar but I think there's differences because of proprietorship

Seem to me that taxi driving is more of a (formerly) safe and proven blue collar job rather than an enormous and risky enterprise with investor money. Whereas with cab driving many times in the past it was a simple loan

There's the expectation of failure in a startup but not in a simple blue collar job

There is much more on the line personally than a startup.

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But the taxis and jobs aren't actually at risk of disappearing. The only thing at risk is the return on capital; the taxis and taxi drivers will remain regardless.

One might say, "But the taxi drivers were sometimes the ones investing in medallions" to which I would reply that "investing" is the key word there. The medallion and the taxi it is on will continue to exist.

I wish you could have empathy with other people

There is no free lunch here. My empathy lands with the taxpayers who may or may not fund a bailout more than it lands with investors.

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