Over here, in Germany, specifically NRW, it's quite literally true - a bunch of local councils hold a lot of RWE (local coal company) shares and fund local serv

Over here, in Germany, specifically NRW, it's quite literally true - a bunch of local councils hold a lot of RWE (local coal company) shares and fund local services from dividents. They were very upset a couple years back when RWE decided not to pay out dividents. Here's a news article from back then (in German) https://www.welt.de/wirtschaft/energie/article152907251/Warum-klamme-Staedte-auf-ihre-RWE-Dividende-verzichten.html https://www.welt.de/wirtschaft/energie/article152907251/Waru...