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Which would be a fine point to argue, “let’s take this back to a pure service model funded out of taxes”; but at some point they decided to make it self funding
by SilasX 5y ago
Which would be a fine point to argue, “let’s take this back to a pure service model funded out of taxes”; but at some point they decided to make it self funding with some monopoly privileges (hence the gaudy signs they put up about not taking tax money) and as long as we’re going to stick with that decision, then yes, they need to recognize pension liabilities as liabilities and prefund them like any other corporation.
- mindslight 5y agoAs a libertarian, I'd be 100% in favor of removing the prohibition on private parties competing with the USPS in exchange for the postal service being overtly subsidized. But since I recognize that that oligopolistic companies can be just as oppressive as de jure government (hence the small "l"), I can't see the ongoing political arc against the USPS as anything but an attempt by the private carriers to destroy the public institution such that they can better price gouge.
- ddingus 5y agoAs one who leans left, I agree with you. >But since I recognize that that oligopolistic companies can be just as oppressive as de jure government (hence the small "l"), I can't see the ongoing political arc against the USPS as anything but an attempt by the private carriers to destroy the public institution such that they can better price gouge.
- ddingus 5y agoThe post runs on postage, not taxes. It should run on postage, and should be able to expand its services
- SilasX 5y agoAnd in that model it should be funding its deferred compensation and recognizing such on the books as a liability. It wasn’t before.