Firstly, they do have their own private courier service.
Second, if USPS suddenly is pushed by the Administration or whatever upon which the Administration manages to lean, it will become more-expensive than FedEx, UPS, DHL, and so forth. The other clients will then go to those lower-cost providers. Then the USPS will go bankrupt, like the three casinos Trump managed to trash.
It seems like the increase would merely put it in line with the cost of existing services.
The whole issue here is that the USPS is subsidizing Amazon delivery, by charging rates lower than what it actually costs to ship things. Other mail fees are subsidizing Amazon, how is that right???
They're not subsidizing Amazon. They were turning a mild profit until they were forced to pre-pay pensions by law instead of acting like any other government or private entity.
1. Because they were chronically under-funding their pension system to balance the books, forcing the federal government to step in and cover their losses 2. In a manner that ALL public and private agencies should handle their pensions - figure out how much they are going to have to pay out over the next 50-70 years, and put away enough money to cover it
2. In a manner that ALL public and private agencies should handle their pensions - figure out how much they are going to have to pay out over the next 50-70 years, and put away enough money to cover it
That is completely and utterly stupid. This shows a complete lack of understanding of how pensions are supposed to work.
by Anonymous Coward writes:
on Friday May 18, 2018 @05:18PM (#56635558)
True. The way they are supposed to work is the money disappears up some executives ass when the majority of the workers that paid into it their entire career reach retirement age.
True. The way they are supposed to work is the money disappears up some executives ass when the majority of the workers that paid into it their entire career reach retirement age.
Won't that just push... (Score:5, Insightful)
Re: (Score:5, Insightful)
Firstly, they do have their own private courier service.
Second, if USPS suddenly is pushed by the Administration or whatever upon which the Administration manages to lean, it will become more-expensive than FedEx, UPS, DHL, and so forth. The other clients will then go to those lower-cost providers. Then the USPS will go bankrupt, like the three casinos Trump managed to trash.
How do you know it's more expensive? (Score:-1, Troll)
It seems like the increase would merely put it in line with the cost of existing services.
The whole issue here is that the USPS is subsidizing Amazon delivery, by charging rates lower than what it actually costs to ship things. Other mail fees are subsidizing Amazon, how is that right???
Re: (Score:5, Informative)
They're not subsidizing Amazon. They were turning a mild profit until they were forced to pre-pay pensions by law instead of acting like any other government or private entity.
Pre-pay (Score:1, Informative)
They were forced to make pension payments:
1. Because they were chronically under-funding their pension system to balance the books, forcing the federal government to step in and cover their losses
2. In a manner that ALL public and private agencies should handle their pensions - figure out how much they are going to have to pay out over the next 50-70 years, and put away enough money to cover it
Re: (Score:0)
That is completely and utterly stupid. This shows a complete lack of understanding of how pensions are supposed to work.
Re:Pre-pay (Score:2, Insightful)
True. The way they are supposed to work is the money disappears up some executives ass when the majority of the workers that paid into it their entire career reach retirement age.
Re: (Score:3)
True. The way they are supposed to work is the money disappears up some executives ass when the majority of the workers that paid into it their entire career reach retirement age.
I'd mod the AC insightful if I had points.