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> There's a reason taxi service is expensive. For less regulated cities, sure. For the more famous ones such as NYC and Boston, it's because there are a fixed
by hx87 10y ago
> There's a reason taxi service is expensive.
For less regulated cities, sure. For the more famous ones such as NYC and Boston, it's because there are a fixed number of permanent licenses owned by rent-seekers who lobby the city government to keep it that way.
- Terr_ 10y agoWhile there is definitely rent-seeking to combat, it's also true that the restricted-supply exists because we already tried the unregulated version and ran into problems. At one point it was creating painful costs (e.g. congestion) which were externalized onto everybody else. http://www.politico.com/states/new-york/city-hall/story/2014/10/uber-lyft-and-the-end-of-taxi-history-017042 http://www.politico.com/states/new-york/city-hall/story/2014...
- refurb 10y agoHmmm... Uber is basically unregulated. Whoever wants to drive for Uber can. Why hasn't the system imploded yet? Why isn't it solid gridlock in NYC due to too many Uber cars?
- almostApatriot1 10y agoTaxis are a burden on NYC and should be charged extra to make up for it.