Uber, Lfty and Sidecar are making municipal taxi permits worthless

Uber and Lfty are making municipal taxi permits worthless.  Here in Anchorage taxi cab permits are now worth over $100,000 which is overvalued since no bank officer will give no more than $1800 for each permit.  How much the permits are actually worth.  Uber and Lfty will allow competition with the taxi companies.  Let's issue as many permits as the market will allow this will improve quality of the taxi service in Anchorage and everywhere else.   Competition makes an industry better.