The U.S. Postal Service has lost money every year since 2007, and its financial finances aren’t likely to improve any time soon. Thanks to declining mail volume due to greater reliance on email and steep labor costs, the postal service loses billions per year despite a range of benefits that include taxpayer subsidies, a government-enforced monopoly on certain types of mail, and exemptions from state and local taxes. Yet rather than contract or privatize the agency, some are proposing the terrible idea of expanding it into new sectors of the economy in...
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