The Georgia high court has unanimously rejected a taxi industry suit arguing that the legalization of ride-sharing services like Uber and Lyft, by undercutting the monopoly power of Atlanta taxi medallions and other legal entitlements, amounts to a taking for which the state owes them compensation [Nick Sibilla, Forbes]
One Comment
Might it not be said that the previous regime of medallions was a “giving”? A “giving” that came at the expense of riders and the non-medallioned.