I'm against propping up a dying industry by taxing the disrupters because it sets a terrible precedent. (Will Tesla be taxed to prop up oil companies in 10 year

I'm against propping up a dying industry by taxing the disrupters because it sets a terrible precedent. (Will Tesla be taxed to prop up oil companies in 10 years?) But to say taxi drivers don't want to do something else is unfair. Many drivers sunk all of their savings into buying a taxi medallion, assuming it would hold its value, and now live day to day on their earnings. Uber/Lyft have destroyed the value of the medallion, essentially wiping out the "little guy's" investment over night. Yes, life's unfair but as a compassionate society, can we do something to help them? I'm more ok with the taxi businesses themselves going out of business for failing to innovate and getting themselves disrupted. That's on them. However, it does leave another problem... Taxi companies are heavily regulated for a reason. For example, they are required to offer services for disabled people at no extra charge. As far as I know, Uber/Lyft are under no such obligation and do nothing to accommodate the disabled. When taxi companies go away, what happens to that entire group of people? One solution might be to classify ride-hailing apps as taxi companies as well and apply the same regulations. This also allows taxi companies to compete on a level playing field.