Comment on Water firms ask for bill rises of between 24% and 91%
IchNichtenLichten@lemmy.world 10 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 10 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 10 months ago
Bail them out? Nah, make it publicly owned.
thr0w4w4y2@sh.itjust.works 10 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 10 months ago
The shares would be almost worthless.
Nope, the company would be wound up.
ephemeral_gibbon@aussie.zone 10 months ago
Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches