[pron]

> If Uber ultimately goes public, then the owner will be society.

You mean those in society with disposable income to invest (or a 401K). That's not quite the same as "society".

> The medallion owners largely were individuals who had the access to credit and leveraged in as the values rose.

Sure, they were small-business entrepreneurs. As I said, they are Swearengen to Uber's Hearst, but their immigrant employees certainly benefit from the regulation, too.

> The alternate issue, the employees/drivers, won't matter in the long run because there won't be drivers whether it was Uber or medallion holders.

Perhaps, but there will be other similar issues.

[AJ007]

Sovereign wealth funds, pension funds, both public and private, own immense quantities of stocks in publicly traded corporations. If the trend of give-everything-away philanthropy continues, even the most tightly controlled corporations should continue to spread out through society.