Wash DC Moves to Establish NYC-Style Taxi Cartel
The word "quota" appears four times in the draft of the District of Columbia's taxi reform bill, including this key phrase:
"The District of Columbia Taxicab Commission is authorized to establish a public vehicle-for-hire licensing quota which provides that the number of new taxicab vehicle licenses may be limited, after making a determination that the market is saturated with taxi vehicles and would benefit from a stabilization or reduction of new vehicles.”
Translation: Like NYC, Washington, D.C. is proposing to establish a "taxi cartel," with limited entry to restrict competition, resulting in higher fares, and possibly some kind of medallion system.
HT: Washington Post via Colin Grabow