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Water firms ask for bill rises of between 24% and 91%
(www.bbc.co.uk)
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this post was submitted on 21 May 2024
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You pass legislation to make the company unprofitable by making it fulfill it’s obligation to invest in infrastructure to the point where the funds run for the hills.
so the shareholders pull their funds, the water companies struggle and the taxpayer has to step in to bail them out.
Bail them out? Nah, make it publicly owned.
yes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years
The shares would be almost worthless.
Nope, the company would be wound up.
Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches
I’d be happy if that happened.