Obscene profits

History tells us whenever a formerly governmental entity or enterprise has been privatized, citizens can expect 3 things from it: a reduction in cost, higher efficency and effectiveness, and satisfactory profits from the enterprise (some of which will go to the government in form of taxes and fees).
History also tells us that inevitably when liberals or leftists get in charge, they will start screaming about "obscene profits" and want to nationalize the efforts. (To liberals ANY profits are obscene as if the service is essential--that is you need it as most anything is--it should be provided freely and as a non-profit motive to the masses). So it is nationalized and the "profits" are confiscated and "return to the public." and per usual governmental inefficiencies, costs twice as much to provide at half the efficiency as a private enterprise would do.
Right now Government is involved in nationalization efforts for Student Loans as well as for the Health Industry. They decry the "Private Profits" being made and indicate that by nationalizing, the country will "save" 100 Billion dollars a year that otherwise would have gone into "obscene profits." Well yes, after they get done with it, no profits will be made. But the savings? Let's see . .. student defaults, inefficencies, slow customer service, budget costs . . . by the time they get done it will cost 200 billion dollars a year.
It reminds me of the one summer a Southern College decided to cut costs by reducing summer school . . . they save $250,000 by doing so but forfeited $425,000 in revenues they would have otherwise received. Only in government would this be considered appropriate action.
It is not about profits. For the left, it is about control and power. They want it all. Their best scenario is one where NO profits are being made because EVERYTHING is government owned. Then they will have total control and power. the country will be a third world mess but they will own it. . . which is in final is what they want.
Remember . . . Socialism is where Everyone is Equally bad off. And the left wants everyone to be equal . . .no matter at what costs to the country as a whole.