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Old 02-01-2012, 09:41 PM   #19
TiltonBB
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Default Post Office Failures

As far as the contention that the Post Office does not recieve government funds:

Maybe but:

The Post Office doesn't have to pay state or local taxes, and it gets to borrow billions from the government at reduced rates ($10.2 billion, by the end of this year, according to the GAO.) Last year, the FTC found that the Post Office received implicit subsidies of $34 to $117 million -- and that's not counting the monopoly, its biggest benefit.

Even after being given those economic benefits, in mail categories where competition is allowed, the US Postal Service has just a 16% market share - behind UPS and FedEX, according to the FTC.
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