The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Chicago:
Parking Meter Ripoff

Feb 23, 2009

The City Council raised meter rates in Chicago. The minimum rate at a meter in the neighborhoods is now $1 and $3.50 downtown, seven days a week.

The meter revenue is going to one of the largest investment banks in the country, Morgan Stanley. What does Morgan Stanley know about installing and servicing parking meters? Nothing.

But they know a lot about ripping off people.