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Comment on Water firms ask for bill rises of between 24% and 91%

thr0w4w4y2@sh.itjust.works ⁨5⁩ ⁨weeks⁩ 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

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IchNichtenLichten@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

The shares would be almost worthless.

plus “service all the debt the company is in” which is another bailout

Nope, the company would be wound up.

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ephemeral_gibbon@aussie.zone ⁨5⁩ ⁨weeks⁩ ago
Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches

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- thr0w4w4y2@sh.itjust.works ⁨5⁩ ⁨weeks⁩ ago
  I’d be happy if that happened.
  
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