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> guaranteed electronic banking and funds transfer services That alone exceeds the requirement of “minimal” as there’s now a need to hire staff for fraud monit

by lxm 3y ago

> guaranteed electronic banking and funds transfer services That alone exceeds the requirement of “minimal” as there’s now a need to hire staff for fraud monitoring, handle disputed transactions, chase fraudulent transfers, deal with those who forgot their passwords to electronic banking, had their passwords stolen, etc. What are the new revenue channels that will pay for all that extra staff (and considering it’s USPS, their pensions)?

bmulcahy 3y ago
>What are the new revenue channels that will pay for all that extra staff (and considering it’s USPS, their pensions)? The federal government, unlike most other entities, does not need to match new revenue to new spending. It can and does create new money for any spending it deems worth it. Funding basic banking for all through the USPS is worth it.
- phpisthebest 3y ago
  >>> It can and does create new money for any spending it deems worth it. Yes, that is called inflation.... how is that working out for everyone that needs food, housing and energy?
  - eru 3y ago
    Well, the usual answer should be boring old taxes, not inflation, if you want to finance something that user fees don't cover. Just like it's done for nearly every other government programme?
  - zlg_codes 3y ago
    Today's inflation was caused by greedy market forces, collusion, and government loan fraud, by those same capitalists. Government spending on useful services, or helping their constituents get by on two one-time $600 payments did not create the current economic climate.
    - phpisthebest 3y ago
      >>Government spending on useful services So you believe government only ever spends on Useful services? Some how I bet you can point to more than a few things government spends money on you disapprove of and consider to be less than useful >>helping their constituents get by on two one-time $600 payments did not create the current economic climate. Nice gas lighting, the reality is the 2 $600 payments make up something on the order of like 1% of covid spending, and I have a problem with all of it. Not just the direct payments. That said it my be a shock to you that in some ways, to some people, I dont believe the government paid enough, not because I have this false narrative that somehow it is government job to help people "get by" it is not. However it is their responsibility under the 5th and other amendments to the US Constitution to compensate people when they take property. Shutting down the entire economy, barring people from working, and barring people from engaging in "non-essential" commerce should be viewed as a taking and thus require the government to make everyone whole from which they took. now of course I also believe the government massively over stepped its authority and should have never shut down the economy, and does not have the power to do any of the things it did... >>collusion, and government loan fraud, Those are illegal activities, where is your government in prosecuting them? Ohh that is right they do not prosecute crimes anymore I forgot. How is that defund the police movement working out....
      - zlg_codes 3y ago
        I'm gonna step past the conflation and other poor discussion to focus on the part I like in your post. Things would have gone better if the PPP loan money was spent on keeping the working public solvent. People who weren't allowed to work shouldn't have been forced into unemployment, more or less, without adequate compensation. But I also see the whole thing as evidence that our viral protocols and our ability to deliver clear, accurate information that won't be politicized, is essentially moot. If it were rabies that was this airborne, we'd all be dead.
- eru 3y ago
  What about boring old taxes?
ClumsyPilot 3y ago
> That alone exceeds the requirement of “minimal" Does a car with 4 wheels exceed requirements of minimal? Who operates a payment service without handling fraud? Can you operste a postal service without handling fraud? > pay for all that extra staff? Do roads create revenue? Like you are fee to argue that its not worth it, but government services do not need to charge fees, rhey can create economic growth and get the money back through taxes
- Scoundreller 3y ago
  > Does a car with 4 wheels exceed requirements of minimal? I mean, yes? 3 should be enough without too many design changes. 2 with a kick stand. Even 1 with tech that absolutely cannot fail or else catastrophic failure.
  - ClumsyPilot 3y ago
    > 2 with a kick stand. Even 1 with tech This comes across as a bait and switch - clearly no-one calls vehicles with less than 3 wheels cars.
deleted 3y ago
[deleted]
Karunamon 3y ago
Worth mentioning that they are already involved in the financial anti-fraud business by way of postal money orders, and are already involved in electronic support by way of the very many services they already offer online. Very little of this proposal is entirely new to them. There is no requirement that the service be revenue-neutral.

by lxm 3y ago

bmulcahy 3y ago

>What are the new revenue channels that will pay for all that extra staff (and considering it’s USPS, their pensions)? The federal government, unlike most other entities, does not need to match new revenue to new spending. It can and does create new money for any spending it deems worth it. Funding basic banking for all through the USPS is worth it.

phpisthebest 3y ago
>>> It can and does create new money for any spending it deems worth it. Yes, that is called inflation.... how is that working out for everyone that needs food, housing and energy?
- eru 3y ago
  Well, the usual answer should be boring old taxes, not inflation, if you want to finance something that user fees don't cover. Just like it's done for nearly every other government programme?
- zlg_codes 3y ago
  Today's inflation was caused by greedy market forces, collusion, and government loan fraud, by those same capitalists. Government spending on useful services, or helping their constituents get by on two one-time $600 payments did not create the current economic climate.
  - phpisthebest 3y ago
    >>Government spending on useful services So you believe government only ever spends on Useful services? Some how I bet you can point to more than a few things government spends money on you disapprove of and consider to be less than useful >>helping their constituents get by on two one-time $600 payments did not create the current economic climate. Nice gas lighting, the reality is the 2 $600 payments make up something on the order of like 1% of covid spending, and I have a problem with all of it. Not just the direct payments. That said it my be a shock to you that in some ways, to some people, I dont believe the government paid enough, not because I have this false narrative that somehow it is government job to help people "get by" it is not. However it is their responsibility under the 5th and other amendments to the US Constitution to compensate people when they take property. Shutting down the entire economy, barring people from working, and barring people from engaging in "non-essential" commerce should be viewed as a taking and thus require the government to make everyone whole from which they took. now of course I also believe the government massively over stepped its authority and should have never shut down the economy, and does not have the power to do any of the things it did... >>collusion, and government loan fraud, Those are illegal activities, where is your government in prosecuting them? Ohh that is right they do not prosecute crimes anymore I forgot. How is that defund the police movement working out....
    - zlg_codes 3y ago
      I'm gonna step past the conflation and other poor discussion to focus on the part I like in your post. Things would have gone better if the PPP loan money was spent on keeping the working public solvent. People who weren't allowed to work shouldn't have been forced into unemployment, more or less, without adequate compensation. But I also see the whole thing as evidence that our viral protocols and our ability to deliver clear, accurate information that won't be politicized, is essentially moot. If it were rabies that was this airborne, we'd all be dead.
eru 3y ago
What about boring old taxes?

ClumsyPilot 3y ago

> That alone exceeds the requirement of “minimal" Does a car with 4 wheels exceed requirements of minimal? Who operates a payment service without handling fraud? Can you operste a postal service without handling fraud? > pay for all that extra staff? Do roads create revenue? Like you are fee to argue that its not worth it, but government services do not need to charge fees, rhey can create economic growth and get the money back through taxes

Scoundreller 3y ago
> Does a car with 4 wheels exceed requirements of minimal? I mean, yes? 3 should be enough without too many design changes. 2 with a kick stand. Even 1 with tech that absolutely cannot fail or else catastrophic failure.
- ClumsyPilot 3y ago
  > 2 with a kick stand. Even 1 with tech This comes across as a bait and switch - clearly no-one calls vehicles with less than 3 wheels cars.

deleted 3y ago

[deleted]

Karunamon 3y ago

Worth mentioning that they are already involved in the financial anti-fraud business by way of postal money orders, and are already involved in electronic support by way of the very many services they already offer online. Very little of this proposal is entirely new to them. There is no requirement that the service be revenue-neutral.