Occupational Licensing

A Discounted San Francisco Taxi Permit Costs $150K

Or ... You could just let people go into business without paying for the privilege

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San Francisco's tortured, tangled and famously ineffective taxi system was tweaked again Tuesday as the Municipal Transportation Agency Board of Directors approved a plan to give 200 of the 1,429 drivers sitting on a waiting list the chance to buy taxi operating permits ("medallions," in the arcane lingo of the industry) at a discounted price of $150,000.

The rest of the drivers will have to wait until medallions are put up for sale—and pay $300,000.