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DC cab drivers strike to protest Uber; Uber business in DC booms!
#54

DC cab drivers strike to protest Uber; Uber business in DC booms!

My question is: why are taxi licenses so expensive? Is there a legitimate reason (regulation, insurance, etc.)? Or is it straight up a monopoly reason?

Also are taxi licenses expensive everywhere in the world? I like the idea of Uber/lyft as a free market alternative. I dislike the idea of giving them my credit card info and tracking my movements while in travelling in their cars.

I also wonder if cities/taxi companies will respond by cutting taxi licenses. Haha I just want cabs without having to give them personal informations.

Not happening. - redbeard in regards to ETH flippening BTC
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