Lat time I checked there was no law restricting the number of bakeries or tire shops in Anchorage.  Do we have 100,000 bakeries or tire shops?

The one valid (implicit) point in this piece is that if the cap on taxis is lifted to effectively open season on taxi numbers then the regulation of fares has to be lifted also. You can't ask current  taxi owners to compete with an unlimited influx of new entrants and tie their hands about what fares they can charge and when, or other conditions the of service.   If it's competition it has to be free both ways. If you want fares to still be regulated then the increase in new licenses should only be a modest number.