Comment on Water firms ask for bill rises of between 24% and 91%
IchNichtenLichten@lemmy.world 7 months agoYou 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.
thr0w4w4y2@sh.itjust.works 7 months ago
so the shareholders pull their funds, the water companies struggle and the taxpayer has to step in to bail them out.
IchNichtenLichten@lemmy.world 7 months ago
Bail them out? Nah, make it publicly owned.
thr0w4w4y2@sh.itjust.works 7 months ago
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
IchNichtenLichten@lemmy.world 7 months ago
The shares would be almost worthless.
Nope, the company would be wound up.
ephemeral_gibbon@aussie.zone 7 months ago
Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches