On the other hand having services like uber breaking regulations might end up making taxis less safe and with a worse quality of service down the line as prices keep plunging due to the heavy unregulated competition.
I think the right move would be to open the market while still heavily regulating them but I don't know how the government can convince the taxi drivers to accept that since it would mean losing their super expensive license. I suppose the government could buy the licenses itself but that would be heinously expensive (and as a tax payer I can't say I would really like that).
I really wish the government wouldn't have allowed for this license market to exist in the first place, it was obviously going to create a cartel.
