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Because they get a truckload of money to spend. There is also the reasonable argument that government run entities are wasteful. So, it's not a simple thing.
by danielmarkbruce 4y ago
Because they get a truckload of money to spend.
There is also the reasonable argument that government run entities are wasteful.
So, it's not a simple thing.
- Gustomaximus 4y agoI've thought a good policy would be govt asset sale profit gets held in trust for ~12 years. This way it cant be a balance the budget act, and the cash might benifit your opponent 3 election cycles down the track. It probably wont stop overselling of assets but would definitely take away a short term incentive.
- danielmarkbruce 4y agoIt's probably a good idea. Or, if they can't run deficits (many US states have this) and asset sales don't count as revenue you'd probably be in a similar situation.