Taxi's don't scale in an urban environment. Their use is exactly for night or irregular use. Go to Mumbai, Jakarta, or any low income country and you'll find yourself stuck for hours in a cheap taxi. We need regulation because the market will not build railroads and metro's.
"A developed country is not where the poor drive a car, but where the rich take public transportation". Visit and compare Switzerland with Egypt/India/... and you'll see.
"A developed country is not where the poor drive a car, but where the rich take public transportation". Visit and compare Switzerland with Egypt/India/... and you'll see.