So, Uber's business model only works by exploiting the workers by denying them the benefits that an actual employee would have?

Sounds like all the courts deciding that Uber's drivers should be classified as employees got it right then.

pass the tax & expenses to customer

they'll become taxi company (without obtaining medallion)

Why do you say they’ll become a taxi company? Maybe, I’m not sure what the distinction is.

Frankly, they could afford to raise their prices. They, through their apps, offer an improved experience compared to traditional taxis. It doesn’t need to be cheaper than them as well. I’d pay more happily.

It is simple. They should close. This business model does not work. This is capitalism.