I think there are too many elite pax. When everyone's an elite, no one is an elite. They should add more benefits, but make it harder to get elite status:
FO: 40,000 MQMs & $5,000 MQDs - or - 50 MQSs & $5,000 MQDs
GM: 80,000 MQMs & $10,000 MQDs - or - 110 MQSs & $10,000 MQDs
PM: 120,000 MQMs & $15,000 MQDs - or - 140 MQSs & $15,000 MQDs
DM: 180,000 MQMs & $19,000 MQDs - or - 180 MQSs & $19,000 MQDs
The MQD waiver should only apply for FO & GM. PM & DM must meet the MQD requirements.
These are arbitrary numbers, but something like this. It will bring much more exclusivity to the Medallion program, and it will help DL keep benefit costs low so that they can give more benefits to their even more valued customers.
I would prefer something like this instead of keeping the same qualification requirements, but taking away benefits.