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Typical for "got ya" style responses there is a lot more details you should consider: 1. They have been bailed out numerous times. Yes, they paid their debt ba
by _red 9y ago
Typical for "got ya" style responses there is a lot more details you should consider:
1. They have been bailed out numerous times. Yes, they paid their debt back but it was lent at a preferred rate by congress to an entity that no commercial lender to would do at those rates. (see Postal Service Reform Act (H.R. 5714))
2. The Post Office is except from all local state, city, and federal taxes. That also includes road tolls, vehicle registration, etc (wouldn't Fedex love that)
3. The Post Office has an open line of credit from Treasury under preferred rates and terms that no regular business would get.
4.Finally, they hold a monopoly status on delivery of first-class mail. This monopoly status, and the legal issues surrounding "whats considered legal notification" is tantamount to an indirect tax.
- tasty_freeze 9y agoThey are also required, by law, to come to any address in the US, pick up a single letter, and get it to any other arbitrary address in the US for $0.49. Good luck getting FedEx or UPS to do it for 49 cents.
- colejohnson66 9y ago> for 49 cents I’ve seen forever stamps marketed for years, but it’s been a long time since the price of a letter went up. So, if the price went up to 51 cents, your forever stamps would still work, but, honest question, what are the realistic chances of that happening?
- mjcl 9y agoBetween 2006 and 2017 the first class letter rate has gone up eight times and down once. [1] [1] https://en.wikipedia.org/wiki/History_of_United_States_postage_rates https://en.wikipedia.org/wiki/History_of_United_States_posta...
- deleted 9y ago[deleted]
- maxerickson 9y agoLow population density areas aren't guaranteed service.