Why are you guessing? There is real data on this.mThere used to be regulated pricing for taxis in Stockholm, Sweden. Now it is an unregulated market ("free" as they like to call it).
The result is well documented. Prices remain the same, availability is up, but overall it's been an unpopular change. Any of the independent riders will rip off tourists at the first chance they get, scamming them for as many thousand dollars they can get away with, by inventing complicated fee structures. Police will do nothing as it is (currently) legal.
Won't one Uber driver replace many cars on the road, especially as the price is driven down, the cost of using Uber makes owning a car less appealing in many locales?
Rather than ban Uber, they could just implement taxes, just like Uber implements real time surge pricing. The tax could be tied to congestion. Uber would pass these onto consumers, prices would rise, and presumably demand for drivers would equalize with how much time and money people collectively would be willing to pay.
That might be more palatable than "We invisibly 'lowered' your tax bill elsewhere, Mr. Smith."
Except where people are too poor to afford surge pricing, even though they may need to travel just as much as anyone else.
Libertarianism is great right up to the point where you actually need something you can't afford, like medical care or travel to a job. Then it's pretty much a big FU because you're not profitable.
Facing economic realities doesn't mean keeping staying with systems that rewards the wrong thing.
Of course, wages are about negotiation power, not utility. It's so misguided it's bizarre.
No way to do that when things are public.