7 ms·
If you see it as a tax, and the tax funds the service, and you like the service, why wouldn't you want to pay it? About half of their liabilities were forgiven
by kbolino 1y ago
If you see it as a tax, and the tax funds the service, and you like the service, why wouldn't you want to pay it?
About half of their liabilities were forgiven as part of the 2022 legislation. They still have debt and retirement liabilities, but those are more in line with other large services (private or public) now. However, they've each increased over 20% per year since 2022, which is quite a lot.
Personally, I would like to see a return of postal banking, in which case the postal service would pay out its profit to its accountholders.
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FY23 report showing the halving of liabilities from '21-'22 (p. 29): https://about.usps.com/what/financials/annual-reports/fy2023.pdf https://about.usps.com/what/financials/annual-reports/fy2023...
FY24 report showing the significant increase in other liabilities from '22-'24 (p. 28): https://about.usps.com/what/financials/annual-reports/fy2024.pdf https://about.usps.com/what/financials/annual-reports/fy2024...