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Regulatory robbery: Will the Seattle City Council protect taxis from Uber and other competitors?

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In coming days, the Seattle City Council will vote on a proposed new set of regulations for taxi services. Like such regulations in many cities, Seattle's would protect existing businesses by keeping out new competitors. Geekwire describes the rules thus: The draft ordinance would require ride-sharing companies, among a bevy of other rules, to obtain a $50,000 annual license to operate as a...

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