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The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

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101–110 of 575 posts

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#101
post #20

The amount of narcissism these people (the Koch's, for example) have is just astounding. If you're a billionaire, what could possibly be a reasonable explanation for why you even care about the post office? Why are these people so hell bent on hurting people to feed their own narcissism? The USPS could be improved but struggles primarily due to active efforts to kill it off. But it's a wonderful idea of a service tha…

Its easy to point at a greedy billionaire who wants to ruin [insert public service here] so that he can squeeze out another dollar for himself. But have you considered that they _genuinely_ belive that minimal government and more privatization leads to overall better results? It might just be that they have good intensions, that they really wish for a better outcome for all. I don't share that view, but i do think th…

I don't share that view, but i do think that there is a fraction of hardcore liberterians that truly believe we'd be better of without many of the government-founded services such as libraries, schools etc.

Just to be clear, we don't have any problem with schools or libraries. We just think the model of having governments collect taxes and then pay for those things is broken. In consequentialist terms, it's broken because it removes competition from the equation, and competition generally leads to progressively improving products and services, and/or lower cost goods and services. In deontological terms, it's broken because taxation is theft.

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#102

James Buchanan's ideas and Koch money are the subject of Nancy MacLean's 2017 book "Democracy in Chains: The Deep History of the Radical Right's Stealth Plan for America" https://www.goodreads.com/book/show/30011020-democracy-in-ch...

"Democracy in Chains" is irredeemably flawed, and has been completely discredited by a series of prominent reviewers.[1][2] There are many more reviews which reveal the scope of fabrication in this book, but it suffices to say that the work should be considered 'fiction', perhaps in the 'fantasy' category.

[1] https://pubs.aeaweb.org/doi/pdf/10.1257/jel.20181502

[2] https://criticalinquiry.uchicago.edu/jack_rakove_reviews_dem....

[3] https://www.vox.com/the-big-idea/2017/7/14/15967788/democrac....

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#103

The USPS's primary revenue source is as a Spam delivery service. That basic problem is why it has refused to modernize. Anything with any significant value is already sent via Amazon, FedEx, DHL or UPS, or hand-delivered (in the case of really valuable stuff). See: https://www.insidesources.com/outbox-vs-usps-how-the-post-of... The USPS has to be reformed and it needs a new purpose in life, other then stable governme…

"...any significant value is already sent via Amazon, FedEx, DHL or UPS" And then those things are handed off to the USPS for "last mile" delivery to the millions of rural addresses that UPS and FedEx don't delivery to directly with their own vehicles. USPS serves some very critical purposes, and ensuring mail 'works' for all citizens, even those with deep rural addresses, is one of them.

I live in a rural area. The nearest USPS delivery is at a post office 11 miles away. UPS and FedEx deliver to my front door. It has been the same in two other rural areas I've lived in. New Mexico, California and Arizona. I've never lived in a place that USPS delivered to that UPS and FedEx did not.

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#104
post #20

The amount of narcissism these people (the Koch's, for example) have is just astounding. If you're a billionaire, what could possibly be a reasonable explanation for why you even care about the post office? Why are these people so hell bent on hurting people to feed their own narcissism? The USPS could be improved but struggles primarily due to active efforts to kill it off. But it's a wonderful idea of a service tha…

Its easy to point at a greedy billionaire who wants to ruin [insert public service here] so that he can squeeze out another dollar for himself. But have you considered that they _genuinely_ belive that minimal government and more privatization leads to overall better results? It might just be that they have good intensions, that they really wish for a better outcome for all. I don't share that view, but i do think th…

In theory yes, they should be allowed for their opinion. However their hold on society is much bigger than the 1 vote they are allowed. With their billions, they can contribute to elect and influence politicians. So while the view to destroy the USPS is well funded, what about the small business or lower income people that rely on USPS as an affordable and needed service (in the middle of a pandemic no less)? Who can they lobby? They just have 1 vote and not billions.

So while in theory I agree with your premise that they are allowed to lobby for whatever they want, the reality is that their influence on society is way overboard and should be limited (limited political contributions!).

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#105

There are various advocates for allowing the USPS to return to the banking business. They would put the exploitative check cashing stores out of business. Ellen Brown's has written a copy pieces advocating for postal banking. What We Could Do with a Postal Savings Bank: Infrastructure that Doesn’t Cost Taxpayers a Dime - https://ellenbrown.com/2013/09/23/what-we-could-do-with-a-po... (2013) This piece concludes by su…

> C.B. Richard Ellis (CBRE), the company holding the exclusive contract to negotiate sales for the $85 billion postal real estate portfolio, has sold off 52 postal properties for at least $79 million less than their fair market value. Worse, the buyers included its own business partners and shareholders, including Goldman Sachs. CBRE is chaired by Richard C. Blum, the husband of US Senator Dianne Feinstein, a family Byrne says has a history of accessing public pension funds to make private investments

The more I learn about Feinstein the more unhappy I become.

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#106
post #20

The amount of narcissism these people (the Koch's, for example) have is just astounding. If you're a billionaire, what could possibly be a reasonable explanation for why you even care about the post office? Why are these people so hell bent on hurting people to feed their own narcissism? The USPS could be improved but struggles primarily due to active efforts to kill it off. But it's a wonderful idea of a service tha…

Its easy to point at a greedy billionaire who wants to ruin [insert public service here] so that he can squeeze out another dollar for himself. But have you considered that they _genuinely_ belive that minimal government and more privatization leads to overall better results? It might just be that they have good intensions, that they really wish for a better outcome for all. I don't share that view, but i do think th…

Sure, but with the amount of wealth and power that they have, it goes beyond lobbying. If there were any sense of the other side getting equal bargaining power, maybe people would be less upset.

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#107

The USPS's primary revenue source is as a Spam delivery service. That basic problem is why it has refused to modernize. Anything with any significant value is already sent via Amazon, FedEx, DHL or UPS, or hand-delivered (in the case of really valuable stuff). See: https://www.insidesources.com/outbox-vs-usps-how-the-post-of... The USPS has to be reformed and it needs a new purpose in life, other then stable governme…

> That basic problem is why it has refused to modernize.

Probably because as a chartered non-government company they have a politically appointed Postmaster General who takes their orders from the POTUS. No company is required to fund pensions for 75 years. No company has their prices set by Congress. And no company has been a bigger political football than the USPS.

> it needs a new purpose in life, other then stable government job for people.

I believe they have tried in the past, oh what's that, blocked because Postmaster General doesn't want it.

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#108
post #52

Why does the postal service need to turn a profit? It's a government agency. Are any other government agencies required to be profitable?

Yes? I think lots of government agencies that deliver services to paying customers are expected to cover their expenses. It's true that some government activities provide, say, non-excludable public goods using tax money, and so are not expected to collect sufficient revenue through distribution, but other government activities are intended to provide a service that can be valued and efficiently purchased by consumers.

For instance, my family's street recently got a public sewer system (to replace septic systems), and the city charged homeowners one-time and recurring fees to cover the expenses of both installation and operation. If the city could not get the homeowners to pay enough to cover the cost of the sewer system, which was a real risk, the system would have been considered a mistake (and a project with similar economic prospects would likely been avoided in the future).

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#109
post #97

Earlier quoted context omitted.

The USPS offers a unique combination of affordability and reliability that simply cannot be matched by the private sector. Yes, it is subsidized. The reason is that being able to send and receive mail cheaply and reliably is the cornerstone of our society and our economic system.

USPS is not subsidized. It has always been required to pay for itself through delivery fees.

> USPS is not subsidized. It has always been required to pay for itself through delivery fees.

The USPS was founded in 1792 and became self-funded under the Postal Reorganization Act of 1970 almost 200 years later, so, no, it hasn't “always” been required to pay for itself.

Re: The Billionaire Behind Efforts to Kill the U.S. Postal Service [pdf]

#110

Earlier quoted context omitted.

The existence of billionaires is far more harmful to competition than government is.

If you’re a billionaire, it’s likely hard to understand why you’re the problem (as well as an economic system configured that allowed such wealth concentration).

It is also hard to understand for the droves of people who wish they could become billionaires
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