tag:blogger.com,1999:blog-5404820640426099135.post1221423894226081302..comments2023-10-31T00:46:35.316+13:00Comments on Anti-Dismal: Bad reasons for asset salesPaul Walkerhttp://www.blogger.com/profile/13731003529546075700noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5404820640426099135.post-54159948854336710822011-10-05T15:05:44.227+13:002011-10-05T15:05:44.227+13:00Paul,
You are right that price is not the main is...Paul,<br /><br />You are right that price is not the main issue in whether assets should be sold, but that was not my point. Yes, the main issue is where the asset would be most productively owned from the point of view of overall social welfare, and that is the debate that we should have, separate from the issue of the appropriate level of total government net worth. A secondary issue, that is potentially important is the appropriate allocation between debt and equity in the governments net asset position. At the margin, this could, in principle, determine, whether marginal assets should be privatised or remain in public ownership. None of this changes the fact that "CGT versus Asset sales" is not an issue at all.Seamus Hoganhttps://www.blogger.com/profile/06752338906486087395noreply@blogger.com