Re:Why privatisation has been a costly failure in Britain
by robertlagrant on Tuesday July 11, 2023 @12:15PM
(#36683131)
> Because buybacks in any other fashion only increase debt.
What about using revenue to buy it? You don't have to use (or have) debt to buy something with revenue.
Re:Why privatisation has been a costly failure in Britain
by happymellon on Tuesday July 11, 2023 @03:00PM
(#36685720)
Because revenue is pure income without taking costs into account.
So you could still be giving away money to cash out that is owed to someone else? If your revenue is based upon fictional income then these privatised public services will become tax payer problems because they can't be shut down.
Re:Why privatisation has been a costly failure in Britain
by robertlagrant on Tuesday July 11, 2023 @05:32PM
(#36687505)
I'm not saying that it's impossible that buybacks increase debt; I'm just countering your claim that buybacks always increase debt:
> buybacks in any other fashion only increase debt.
It's the shareholders cashing out, so rather than a failed business with shares of $0 value, they have money and the loans are someone else's problem.