Check out the taxi license racket. It  crushes jobs in San Francisco, CA.Â
Here’s how the taxi license  racket operates:
San Francisco city’s  transit has long been controlled by monopolistic public agencies. The cab industry is run by the Municipal Transportation Agency and crippled by government protectionism.
The current cap that the agency puts on available taxi  licenses is around 1,800, and the waiting list is long. New licenses cost drivers $250,000. These policies have decreased supply and availability, driven up costs, and discouraged competition.
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