4 ms·
I wouldn't place too much stock in that Fortune analysis (in fairness, it's apparently just a summary of a larger work). It looks pretty slanted in some ways th
by justin66 6y ago
I wouldn't place too much stock in that Fortune analysis (in fairness, it's apparently just a summary of a larger work). It looks pretty slanted in some ways that have become almost stereotypical.
An analysis that talks about "the subsidies and legal monopolies that Congress bestows upon the post office" without talking about their unique costs - being required to deliver first class mail just about everywhere, at prices mandated by Congress that represent a loss in many geographic areas - is incomplete.
- exabrial 6y agoTrump claims he's a self-made billionaire in the same way the post-office claims they're self-funded. If all of your expenses are paid for, and you're just reaping profit, you are far from self-funded.
- ddingus 6y agoThe Post Office returned a nice profit to the treasury prior to Congress hobbling it during the Bush Administration. There is nothing wrong with the otherwise exemplary Post Office, other than too many in both government and private industry don't like it and want it privatized. They want that as an opportunity, not any meaningful benefit to the American people.