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.
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.
Are you giving this as a complaint? Should the Post Office not fund their pension plans and go broke like any other government entity?
They are being forced to pre-fund pension plans FAR in advance of their obligation. That is singularly different than ANY other company or entity. It is literally starving them of resources. They can't adequately keep their facilities updated, clean, or expand services. The Post Office is one of the few things specifically mentioned in the Constitution as a service the Government is expected to provide.
If it were not for companies like Amazon and others, the Post Office would have gone bankrupt.
They are required to pre-fund for employees 75 years out per the interpretation of the government on the law congress passed. This means prefunding retirement for employees that have not been born yet.
It's absurd and anyone that can't see that is a shill or a partisan troll.
It's more complicated than that. They have to fund pensions for current employees based on life expectancy.
They have to estimate liabilities over a 75 year period, and that does include people who don't currently work there.
So USPS has a a future liability that does include people who aren't even born yet, but they're not required to actually come up with the money yet.
That's been the GOP plan all along. They'll use that to "prove" that private enterprise is always better, smarter and cost-effective, they'll find a way to screw the workers out of their pensions and amend the constitution to either get rid of $govt_svc or to allow its functions to fulfilled by corporations entirely.
Combine that with Drumpf's hate-boner for anything associated with Jeff Bezos plus his belief that he should be able to run the government to the benefit of his business interests, and...
And there you have it in a nutshell. We're done here.
Your matching 401k (where your employer matches what you put into it) is a pre-funded pension. The full amount of the company's obligation leaves the company's control as soon as you've fulfilled the obligation (worked for a month). If the company goes bankrupt, it doesn't affect your 401k, unlike what nearly happened to GM. When they were in danger of going bankrupt, all their pensioners were in danger of losing their pension. Which would've ended up turning them into bottom-priority creditors who woul
The Post Office is one of the few things specifically mentioned in the Constitution as a service the Government is expected to provide.
That is incorrect. In Article I, Section 8 the Constitution grants Congress the power to "establish Post Offices and post Roads". If they don't believe Post Offices or post Roads are needed, they are free not to exercise that power and to dismantle said system. In fact, right now, are are there many (any?) active "Post roads" of note in the United States? It seems likely tha
Pension plans are normallly invested, not pre-funded. It is fine to go and criticize the investments and bad money management if some details emerge, but pre-funding pensions is not typically demanded of many other goverment agencies. Because the post office manages to be efficient and self sufficient, it angers all the government-is-evil politicians.
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.
Re:How do you know it's more expensive? (Score:0, Troll)
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.
Are you giving this as a complaint? Should the Post Office not fund their pension plans and go broke like any other government entity?
Re:How do you know it's more expensive? (Score:5, Insightful)
Re:How do you know it's more expensive? (Score:5, Insightful)
They are being forced to pre-fund pension plans FAR in advance of their obligation. That is singularly different than ANY other company or entity. It is literally starving them of resources. They can't adequately keep their facilities updated, clean, or expand services. The Post Office is one of the few things specifically mentioned in the Constitution as a service the Government is expected to provide.
If it were not for companies like Amazon and others, the Post Office would have gone bankrupt.
Re:How do you know it's more expensive? (Score:5, Insightful)
They are required to pre-fund for employees 75 years out per the interpretation of the government on the law congress passed. This means prefunding retirement for employees that have not been born yet.
It's absurd and anyone that can't see that is a shill or a partisan troll.
Re: (Score:1)
That is not the case. The law says they are to fund pensions with the assumption of people living to 75 years of age. Not 75 years out.
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Re: (Score:3)
That's been the GOP plan all along. They'll use that to "prove" that private enterprise is always better, smarter and cost-effective, they'll find a way to screw the workers out of their pensions and amend the constitution to either get rid of $govt_svc or to allow its functions to fulfilled by corporations entirely.
Combine that with Drumpf's hate-boner for anything associated with Jeff Bezos plus his belief that he should be able to run the government to the benefit of his business interests, and...
And there you have it in a nutshell. We're done here.
Re: (Score:2)
Re: How do you know it's more expensive? (Score:4, Funny)
Extensive firearms training.
Re: (Score:2)
That is incorrect. In Article I, Section 8 the Constitution grants Congress the power to "establish Post Offices and post Roads". If they don't believe Post Offices or post Roads are needed, they are free not to exercise that power and to dismantle said system. In fact, right now, are are there many (any?) active "Post roads" of note in the United States? It seems likely tha
Re: (Score:2)
Pension plans are normallly invested, not pre-funded. It is fine to go and criticize the investments and bad money management if some details emerge, but pre-funding pensions is not typically demanded of many other goverment agencies. Because the post office manages to be efficient and self sufficient, it angers all the government-is-evil politicians.