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Well that is subjective, if you don't need a car and need a bathroom, hanging onto the car and not washing may be an option, or borrow money to build the bathroom.
But what happens when you need a toilet and don't want to sell the car or the bathroom?
It is a bit like what is happening with coal fired power stations, ten years ago you would have got a zillion dollars for them, now you couldn't give them away.
But Governments own plenty of them.
Point was we still need the car, but sold it off (for cheap, too) just to rent it back again.
If we need a toilet but also need the car and the bathroom... then invest in the kids education, start a business, earn more money then build a toilet fit for Royalty. Til then, get a shovel and head for the backyard.
A bit like Telstra, the government sold the last tranche at $7.40, when was the last time you saw that price.
No doubt you would say they are paying a dividend, and so they are, those who receive them probably require less welfare. The Government also gets its share of the profits through company and wages tax and GST.
Also keeping it under Government ownership, would have caused huge conflict with private providers, as the taxpayer subsidy chesnut, would be rolled out endlessly.
If it hadn't been sold, the taxpayer would still have to cough up for the NBN, Telstra would still have to give overseas companies free access and value plus revenue would be crashing.
The same with CBA, if it was Government owned, they wouldn't be allowed to charge the same interest as private banks, because it would be percieved as being taxpayer funded.
Also pressure would be applied by Government to offer better interest on savings for pensioners, which again would be percieved as being taxpayer funded a no win situation.
If the gov't run the country for the benefit of the public/people, then they'd keep a large market share in each major industry - just to provide adequate competition. To flock it all off will mean no anchorage for privateers to compete against - look at how MBF or whatever does to health insurance premiums. The Health Minister was so happy to only allow 6% hike instead of some 12% they were demanding just one year after the sell off.
There are many ways a gov't could profit from a state-owned enterprise... and making the most out of customers and employees are not necessarily the only way. A private enterprise - the bottom line is the only figure that count, everything else are other people's problem.
So if they could make more by firing a whole bunch of people (who then either head to some other lower paid job or unemployment, that's other people's problem); or if they close branches, sell the land and make a bunch of money from that (and if customers will have to wait longer lines, travel further - that's someone else's costs, not the more "efficient" privatised corporation).