I realize that the comparison has been made a thousand times, but it did not sink in for me until I did the math myself. The government is mandated by the Constitution to have a postal service. I understand the need for one. What I do not understand is why our government chooses to do it so inefficiently.
For a moment, imagine that the United States Postal Service is just another shipping company. Now imagine that we, the taxpayers, are actually shareholders in that company.
Here are some facts regarding the financials in the 2nd quarter of 2012.
- FedEx Revenue: $10.59 Billion resulting in $459 Million Net Income.
- UPS Revenue: $13.35 Billion resulting in $1.12 Billion Net Income.
- United States Postal Service Revenue: $15.62 Billion resulting in $5.19 Billion Net Loss.
Only the government can take in $2-5 Billion more in revenue, and still end up billions in the hole.
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