You say as a taxpayer we owned the utilities council houses etc... We didn't. We were not shareholders. The tax money was collected and it became the government's. They chose to use it for council houses, British Leyland, British Gas, Post office etc.
And they made a fine mess of things!
Money grows from the magic money tree, last shaken a billion times by the current Prime Minister Theresa May when she lost the majority in the 2017 election.