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Jan 22

U.S. Postal Service–with every possible advantage–lost $5 billion last year and $50 billion over a decade

Government sucks at everything it tries–with the exception of killing, stealing and impoverishing.

The U.S. Postal Service lost $5.1 billion last year – and more than $50 billion over the last decade. Even with every advantage in the market–including the world’s most prestige locations, a monopoly on its core operations, paying no taxes (either property or income), and the power of eminent domain, the USPS is unable to make a profit.

The USPS delivers substandard, overpriced goods and services, spies on its customers and overpays its workers.