Hacker News new | ask | show | jobs
by cobrabyte 1046 days ago
> taxpayers holding 30% of its outstanding stock.

It's always amusing that they frame this as the lowly taxpayer holding stock in a company after the government bails a company out. I've never received the stock certificates, and I certainly don't see any dividends or have the ability to sell my commensurate portion of the stock holdings. The taxpayer pays for the bailouts but does not see any benefit for doing so.

2 comments

Not a fan of government bailouts or funding any company at all nor an American, but this framing is weird.

Citizens don’t get dividends from government property. They get their tax benefits from government services, e.g, infrastructure, healthcare, police, etc.

Not only are you not an American, you have no idea how our government works apparently. States can pay out financial benefits to citizens in the form of checks to residents, for example see Alaska. During my life time there have been multiple instances of the federal government refunding taxes collected for one reason or another.
Oh, then I stand corrected :)
You don't get to walk into a base and fly military jets either, but it's not wrong to describe them as being owned by the citizens of the country. The government owns the stock, and its performance either way impacted you (us) in some quantifiable way.