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"Capitalism greed or a system working well? This is a prime example of a privatised company extracting wealth from the people of Britain but not investing!! It's a monopoly, that is taking our money but nothing to do with asylum seekers!! Tell me it shouldn't be privatised " Definitely shouldn't be privatised. What does the government ever run well? Nothing wrong with privately run public service PROVIDED the scope is well defined in the first place and close regulation takes place. In the case of water neither happened. | |||
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"Capitalism greed or a system working well? This is a prime example of a privatised company extracting wealth from the people of Britain but not investing!! It's a monopoly, that is taking our money but nothing to do with asylum seekers!! Tell me it shouldn't be privatised " I assume you mean it shouldn't be nationalised as it's already privatised isn't it | |||
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"How about it being properly regulated. In 2020 it was reported £57bn in dividends paid out since 1991. " Any estimates of how much it would have cost if run by the government since 1991. The government have done a great job investing and maintaining the roads haven't they | |||
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"Southern water ceo on £1.4m, Thames water ceo on £1m, south west water £850k, Yorkshire water ceo £657k More piss and shit and water leaks than ever, tens of billions in dividends and millions in CEO pay. 30% more in charges coming consumers way to pay for this. " Absolutely abysmal and disgusting, but would a government run agency have been cheaper, more efficient and effective ? Should the broken system be fixed or should a possibly worse system be implemented ? | |||
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"Read today that the regulator is to be abolished and replaced. Warning of increased bills and the labour guy says it won't be nationalised. " Cop out abolishing the regulator, why not run it properly. CEO pay needs to threatened for poor performing water companies and fines paid out of dividends. | |||
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"Capitalism greed or a system working well? This is a prime example of a privatised company extracting wealth from the people of Britain but not investing!!" Thames Water recently finished a £4.5bn tunnel to remove sewage from London. They might be doing a terrible job, but you can't accuse them of not investing. | |||
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"Read today that the regulator is to be abolished and replaced. Warning of increased bills and the labour guy says it won't be nationalised. Cop out abolishing the regulator, why not run it properly. CEO pay needs to threatened for poor performing water companies and fines paid out of dividends. " Fines should find their way back to the consumer, not the government. | |||
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"Capitalism greed or a system working well? This is a prime example of a privatised company extracting wealth from the people of Britain but not investing!! Thames Water recently finished a £4.5bn tunnel to remove sewage from London. They might be doing a terrible job, but you can't accuse them of not investing." £4.5bn sounds a lot but if to stop all the discharge in to rivers it needs an £450bn then its a drop in the ocean " pun intended " 🤔 | |||
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"I think any new regulator only needs to have _one_ rule: The board and senior executives of a water company have to use drinking water taken directly from the most polluted part of their most polluted river. No filtering or cleansing. Make them feel the direct consequences of their decisions." I would also add the head of the regulator, the responsible minister and the head civil servant of the relevant ministry who can only drink from the most polluted river source of the worst water company. | |||
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" Should the broken system be fixed or should a possibly worse system be implemented ?" quite simply a better system should be implemented. share dividends should be restricted in times of underperformance or in responce to emergency work. fines should reflect crimes and also criminal proceedings for corruption in office. | |||
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"Privatising monopolies doesn't work! They only care about the wealth they can extract from us. Our pipes are leaking, our rivers are polluted and not a single damn has been built despite our population growing. But hey!!! Don't tax the greedy wealth " The wealthy are taxed plenty, don't believe the socialist shite | |||
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"Privatising monopolies doesn't work! They only care about the wealth they can extract from us. Our pipes are leaking, our rivers are polluted and not a single damn has been built despite our population growing. But hey!!! Don't tax the greedy wealth The wealthy are taxed plenty, don't believe the socialist shite " They made 85 billion from water, pretty sure they wouldn't miss 2% | |||
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"Privatising monopolies doesn't work! They only care about the wealth they can extract from us. Our pipes are leaking, our rivers are polluted and not a single damn has been built despite our population growing. But hey!!! Don't tax the greedy wealth The wealthy are taxed plenty, don't believe the socialist shite They made 85 billion from water, pretty sure they wouldn't miss 2%" Who made 85 billion ? What's the estimated annual cost of a nationalised water industry ? | |||
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"So who has this 85 million in a bank account " What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water " So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable " Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested | |||
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"Privatising monopolies doesn't work! They only care about the wealth they can extract from us. Our pipes are leaking, our rivers are polluted and not a single damn has been built despite our population growing. But hey!!! Don't tax the greedy wealth The wealthy are taxed plenty, don't believe the socialist shite They made 85 billion from water, pretty sure they wouldn't miss 2% Who made 85 billion ? What's the estimated annual cost of a nationalised water industry ?" less than the cost of cleaning up the fiasco that is the failed privatisation of the water industry. | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested " No improvements whatsoever in water treatment in 25 years, wow, worse than I thought | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested No improvements whatsoever in water treatment in 25 years, wow, worse than I thought " Glad your a capitalist in socialist Spain? | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested No improvements whatsoever in water treatment in 25 years, wow, worse than I thought Glad your a capitalist in socialist Spain?" What the fuck has Spain got to do with it ? | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested No improvements whatsoever in water treatment in 25 years, wow, worse than I thought Glad your a capitalist in socialist Spain? What the fuck has Spain got to do with it ? " You choose to preach your capitalist bullshit at Britain from your immigrant home of socialist Spain | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested No improvements whatsoever in water treatment in 25 years, wow, worse than I thought Glad your a capitalist in socialist Spain? What the fuck has Spain got to do with it ? You choose to preach your capitalist bullshit at Britain from your immigrant home of socialist Spain " As you've resorted to insults and LIES this debate is over | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested No improvements whatsoever in water treatment in 25 years, wow, worse than I thought Glad your a capitalist in socialist Spain? What the fuck has Spain got to do with it ? You choose to preach your capitalist bullshit at Britain from your immigrant home of socialist Spain As you've resorted to insults and LIES this debate is over " Lol!! Insults and lies?? | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested No improvements whatsoever in water treatment in 25 years, wow, worse than I thought Glad your a capitalist in socialist Spain? What the fuck has Spain got to do with it ? You choose to preach your capitalist bullshit at Britain from your immigrant home of socialist Spain As you've resorted to insults and LIES this debate is over Lol!! Insults and lies??" It's pretty clear from their profile they don't live in Spain. Just your usual misinformation? | |||
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"So who has this 85 million in a bank account What are you on about? 85 billion is the amount the water companies have extracted from the British people. Canadian pension fund Abu Dhabi wealth fund to name but 2 It's ok for other States to rip us off but not for our state to reinvest our money in our water So you're saying that in 25 years not a single penny has been reinvested. How would you suggest taxing this 85 billion, given that most dividends were taxable Not a single penny. How's socialist Spain? They shouldn't be allowed dividends or bonuses unless and until they've reinvested No improvements whatsoever in water treatment in 25 years, wow, worse than I thought Glad your a capitalist in socialist Spain? What the fuck has Spain got to do with it ? You choose to preach your capitalist bullshit at Britain from your immigrant home of socialist Spain As you've resorted to insults and LIES this debate is over Lol!! Insults and lies?? It's pretty clear from their profile they don't live in Spain. Just your usual misinformation?" Near enough tells me a lot, let alone the fact I've debated with that person on other posts when it said Spain! | |||
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"Make up your mind guys!! Your either going to insult me and allow me a response or your going to chicken out of my response " FYI "Don't be nasty Abuse against other site users, mods or admin isn't tolerated. Don't be personal Personal attacks against other site users aren't allowed, even if you don't name them. If you've got a problem with someone on the site, block them. If you've got a problem with what someone writes on the forum just skip over their messages or report to admin if you think they need to take action.' | |||
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"The water companies have made 85 billion, and not a single penny was reinvested." I've already posted about the Thames Tideway Tunnel above. That's 450 billion pennies just on one project. | |||
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"The water companies have made 85 billion, and not a single penny was reinvested. I've already posted about the Thames Tideway Tunnel above. That's 450 billion pennies just on one project." Wow, one project, in 40 years and yet it hasn't amounted to a hill of beans | |||
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"The water companies have made 85 billion, and not a single penny was reinvested. I've already posted about the Thames Tideway Tunnel above. That's 450 billion pennies just on one project." Yes, plenty of investment if you care to look, unfortunately too many believe the sensationalised headline bullshit. Nothing will ever be enough and if the government run watchdog has been actually watchdogging probably a lot more would have been done. Imagine if the government has been in charge of the whole shit show instead of just the watchdog though. | |||
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"The system is wrong , if they’re not making any profit or delivering the goods then they’re shouldn’t be any bonus or shareholders payments paid out " Then why would you invest? But how would invest if there is no return makes me think of dragons den, how do you get your money back as an investment. | |||
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"The water companies have made 85 billion, and not a single penny was reinvested." "I've already posted about the Thames Tideway Tunnel above. That's 450 billion pennies just on one project." "Wow, one project, in 40 years and yet it hasn't amounted to a hill of beans" I could list dozens of other investments in infrastructure by water companies. But I'm glad to see that you accept your original statement of "not a single penny was reinvested" was wrong. | |||
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"The water companies have made 85 billion, and not a single penny was reinvested. I've already posted about the Thames Tideway Tunnel above. That's 450 billion pennies just on one project. Wow, one project, in 40 years and yet it hasn't amounted to a hill of beans " In fact, Water companies have invested £250 billion since privatisation, an outlay the government couldn't possibly have funded. | |||
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"Beggars belief these companies make a cunts job from something that falls out of the sky free" Next time it rains go outside, find a puddle, scoop up some water that just fell out of the sky for free, and see if you want to drink it. | |||
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Obviously if those investments had been made earlier, they would have been far cheaper.
The companies were formed into labyrinthine corporate structures, that funnelled wealth and debt around, with 1 priority - not to deliver safe, high quality water, just wealth extraction.
The public were hoodwinked into thinking it was the right thing to do, whilst citizens were bled dry of our assets, with a regulatory system that enabled them to pollute, whilst taking our money. Corporate socialism, complete protection, whilst the public stand all risks and losses, getting ever poorer, financially and service quality.
We should have been given much better! We were parasitised | |||
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"The water companies have made 85 billion, and not a single penny was reinvested. I've already posted about the Thames Tideway Tunnel above. That's 450 billion pennies just on one project. Wow, one project, in 40 years and yet it hasn't amounted to a hill of beans In fact, Water companies have invested £250 billion since privatisation, an outlay the government couldn't possibly have funded. " Shhhh ... Don't be bringing facts in here | |||
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"In insurance there we have mutual companies where there are no shareholders and the customers are the owners. Profits would either be kept in the company to be reinvested or given back to policyholders as bonuses or reduced premiums. They less common today and most insurers now are shareholder owned. I always thought this was a more ethic way of running things, and would prefer to see things like utilities ran this way. Owned by customers for the customers." So would the customers have to shear the fine and have to now buy out the shear holders. And fill anyshort fall needed to keep the company a floot. | |||
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