[ascagnel_]

> I believe the argument here is that the way to do that isn't by establishing a private business that flaunts and undermines those government regulations, but by changing the policies through government process.

And to make those who interfaced with the prior system in good faith whole again; eg: drivers who bought taxi medallions for six figures USD, only to have the value of the medallion plummet with the arrive of "rideshare" services.

[yonran]

To make beneficiaries whole is perhaps the worst reason to keep a monopolistic system. In the case of taxi medallions in San Francisco, they are technically still owned by the city and the medallion should never have had any private value to begin with; Mayor Gavin Newsom should have leased them to the drivers instead of creating a $250,000 transfer program to give windfalls to retirees. In the case of zoning, ideally we would tax much of the land rent to reduce the incentive to exclude and increase the incentive to create capital. Rents from a government-created monopoly should not be anyone’s ticket to retirement.