Why is there a limited number of plates?
I can see regulation for handicap transportation and sub-markets that may not be self supporting, but otherwise:
1) Have car that meets yearly inspection requirements
2) Have license that requires X regular certifications
3) Have insurance policy necessary to carry people around
Why would the city cap how many cabs there are? If you can't make money at it, you'll go out of business.
If it's tough to get fares, maybe you'll actually work at 2am on Fridays and Saturdays.
Why aren't there coffee shop licenses limiting the number of Tim Horton's or Starbucks locations? Why aren't there licenses limiting how many FedEx and UPS trucks there are?
It's ridiculous. Besides the handicap angle, I see zero reason for any requirements on the number of cabs nor a reason to regulate the price.
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