Privatize Santee Cooper Before Raising Taxes
SOLVE SC INFRASTRUCTURE “SHORTFALL” BY PRIORITIZING GOVERNMENT FUNCTIONS … NOT FORYou must Subscribe or log in to read the rest of this content.
SOLVE SC INFRASTRUCTURE “SHORTFALL” BY PRIORITIZING GOVERNMENT FUNCTIONS … NOT FORYou must Subscribe or log in to read the rest of this content.
23 comments
Will, how does privatizing government functions not, in essence, set up yet another way that government colludes with business to screw over the people? Does the government not, basically, set up that new private enterprise with one hell of a sweetheart deal going into it?
What say-so does the consumer/voter have in that decision, if it happens? What if the winning bid to take over Santee-Cooper comes from, say, GE, and there are individual Santee-Cooper customers who would rather be poked in the eye with a sharp stick than to have anything to do with GE? Does not this get decided for them, from the git-go, by government in collusion with big bidness?
If you can’t say me nay on any of that, well, that is crony capitalism, any way you slice it. I’ve yet to see a single libertarian ideologue address these questions in any substantive way.
No, let me correct that. I’ve yet to see any one of them address it at all.
Will Folks, esteemed and infamous muck-raking alt.journalist scribe that you are, would you like to be the first to do so?
One thing?
DONT TAKE A DIME OF FEDERAL MONEY
We got our “conservative values!”
Yeah, but the states are gubmint too, and often even more repressive and oppressive. Case in point: North Carolina since the “free market” types took over. Might as well be in fucking Nazi Germany.
Some people prefer the public sector fucking them, others the private sector fucking them. In the end the average person relying on that entity gets fucked.
“No, let me correct that. I’ve yet to see any one of them address it at all.”
I’ll be brief.
You are correct, it is fascism when the government funds infrastructure then sells it off to private companies.
In an “ideal” libertarian world, development of infrastructre would be done solely by private corporations and they would be competing with each other to develop the best infrastructure & the best pricing to their customers.
But because the accepted model for some time has been gov’t funded development of electricity, water, etc.; it’s now a cluster fuck.
The best you can do is open things up for the development of independent power providers after a sell off and over time(and it will take a while) competition would take hold.
But, make no mistake, who ever buys Santee Cooper would have a huge head start, & then you’d have to also have the pols bust a power providing monopoly, which would lessen the value of Santee Cooper, which they are unlikely to do.
Hopefully I’ve answered your question.
Sweet. We’ll buy it all for pennies on the dollar and then jack up prices sky high.
Hills like White Donkeys!!!…LMAO….
Actually…Don’t blame you….Hahahahaha…
Jesus, I can’t believe I ave to court idiots like you to get my poll numbers up.
The state should ‘nationalize’ all utility companies.
We really don’t know if that statement is true. We might have made the repairs in the last few years and they still would have been damaged by the flood anyway. Not many roads would survive an upstream dam break. It would be interesting to compare damage to newer roads to older ones. Also destruction of deficient structures by the storm may have made their replacement cheaper.
Near me there are two bridges on separate roads that cross the same creek. The newer bridge that was finished in August held up well, the older bridge that was built in the 60s had both approaches wash out. It’s not a big enough sample to really determine if this would have applied state wide, but the crossings were very similar and only a few blocks apart.
Besides expense the issue of safety has to be taken into account,
Hug the anaconda!!!! Get some Federal dollars!!!!
Hmm…state sells Santee Cooper and receives a one-time payment that will cover the costs of this disaster and every single pork project the current Legislature wants. Santee Cooper customers see their rates increase because now they have to pay for the profits the private company expects to achieve from the purchase.
Pretty easy to pick the loser in this scenario.
That’s the Republican answer. Sell public assets for private profit — costs socialized, profits privatized. Who end up paying in the end?
Take it private sell 49% to private investors and have the State of SC continue to own the controlling stake in it. 49% would cover road and disaster costs.
Every time this state needs money you want to sell Santee Cooper.
Pro tip: You only get to sell it once. Choose….wisely.
Brilliant. Santee Cooper can privatize its profits while getting the public to pay its expenses just like SCANA. Will, you’re a gd idiot.
The problem is Santee Cooper is a socialist monopoly and privatizing leaves a private monopoly. There is no good answer unless the state allows other utility companies to offer competition. Breaking up Santee cooper would help and allow electricity to be sold like phone service. When the state seized control of electricity production they created a monster that is unlikely to be destroyed. Look at SCANA and Duke, they are private monopolies which the state completely controls. Fascism at its best.
Without a true free market the choices are a socialist monopoly or a facsist monopoly.
“soared from $1.1 to $1.8 billion in the last four years alone.”
LOL. .7 increase in a State transportation department over 4 years is hardly “soaring”. Jeez. The problem with the dams was they were privately owned and so no one gave a crap about the safety… Yeah, lets continue that thought process over to Santee Cooper! Brilliant. Deepwater Horizon.
soared $700 Million in 4 years. $175 million a year for 4 years. $479,452.05 a day
1.1 Billion dollars is just over 3million a day
1.8 Billion dollars is 4.9 million dollars a day
that better?
Don’t forget that once it’s sold and becomes a public company, they have to pay taxes on the assets. SCE&G pays $30 million in just one county: Lexington. That’s why they have great Lexington Cty schools: SCE&G money. Santee Cooper only pays around $20 million in their entire service area. It’s peanuts.
Therefore, selling Santee Cooper also creates a new and constant source of income for each county it serves. It’s not an all or nothing sell, it’s on going income each year.
Plus: the power rates won’t change much as Santee Cooper’s rates are mostly the same as SCE&G and Duke Power.