From New York:
This week, New York held an auction for individual yellow-cab medallions, the rare and wonderful permits that give drivers the right to operate a taxi and pick up street hails. Winning bidders paid as much as $965,000 for the latest batch of medallions.
That's right folks, you pay nearly a million dollars for the right to drive a cab in New York. This suggests that not only are there not enough taxis but that, as a result, the price of a taxi fare is higher.
And the winner? The City Council that has assumed the power to say whether you can take someone from A to B for a fee.