[caruber]

Taxi Unions have dog in the fight. They have paid hefty licensing fees to the govt and ask for rights in return.

If uber pays 1M $ OR 500K Euros for every taxi license, uber will ask much more than what Taxi unions are asking for.

The other way to solve the issue is let govt repay the money to taxi owners and allow everybody to compete on equal footing.

[sologoub]

Do you have a source for the $1M taxi license claim? Don't see how this can provide any reasonable ROI… or is this for a large cab company?

EDIT: a below comment posted that it's 230k Euros max in Paris...

[caruber]

Sorry i was not clear. 1 M price tag is for NYC medallion. This article quotes 250K Euros for taxi license in Paris: http://www.rudebaguette.com/2013/08/07/anatomy-of-the-paris-...