Massachusetts to tax ride-hailing apps, give the money to taxis

Some real truth embedded in this meme.
Some real truth embedded in this meme.

This seems fair.

Innovators subsidizing the market laggards is not a recipe for progress.

(From Reuters)

Massachusetts is preparing to levy a 5-cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the United States.

Republican Governor Charlie Baker signed the nickel fee into law this month as part of a sweeping package of regulations for the industry.

Ride services are not enthusiastic about the fee.

“I don’t think we should be in the business of subsidizing potential competitors,” said Kirill Evdakov, the chief executive of Fasten, a ride service that launched in Boston last year and also operates in Austin, Texas.

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