In the places I've lived, the real problem with taxi medallions is that municipalities failed to keep the medallion price in line with its value, which created

In the places I've lived, the real problem with taxi medallions is that municipalities failed to keep the medallion price in line with its value, which created a secondary rental market. Uber fares tend to cost more than taxis after their initial loss-leader to break into the market, and Uber drivers make less than cab drivers after costs.