Again, the decline in white working class support for Democrats is vastly overstated. I bid you a good night. http://t.co/bUNpME5o3B—
The Monkey Cage (@monkeycageblog) September 13, 2015
Has the Democratic Party lost the white working class
29 Sep 2015 Leave a comment
in economic history, income redistribution, politics - USA, Public Choice, rentseeking Tags: American politics, Democratic Party, rational ignorance, rational rationality, suppressive voting, Withering away of the proletariat
@nzlabour @NZGreens New Zealand state-owned enterprises dividends paid and capital injections since 2007
25 Sep 2015 Leave a comment
in financial economics, industrial organisation, politics - New Zealand, public economics, rentseeking, survivor principle, transport economics Tags: government ownership, KiwiRail, privatisation, rational ignorance, rational rationality, state owned enterprises, suppressive voting
The New Zealand Labour Party and New Zealand Greens both make much of the fact that when you privatise a state-owned enterprise the taxpayer is no longer entitled to dividends from the privatised business. The fact that the sale price is the net present value of those future dividends is a rating fallacy that is not the subject of this post.
Source: New Zealand Treasury – data released under the Official Information Act.
What is the subject of this post is whether there are indeed any dividends paid to taxpayers after capital injections. 2007 was the last year in which dividends to the taxpayer exceeded capital injections. The reason was that dog called KiwiRail.
Utopia, you are standing in it! 
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