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President-elect Trump is considering privatizing the United States Postal Service. What do you think of this idea?
From Washington Examiner. President-elect Donald Trump said Monday that his incoming administration is “looking at” privatizing the United States Postal Service, which has been notoriously unprofitable.
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The plan is not a new one for Trump, who floated a similar restructuring during his first term in the White House. He has not taken a firm stand on overhauling the institution that is older than the country itself, but he said Monday that it was “not the worst idea I’ve ever heard.” …
What is happening with USPS?
It is not clear exactly what privatizing the USPS would look like, but any move to change the way the system operates would be a heavy lift for Trump. …
The system has not been profitable for several years, and privatizing mail delivery would help Trump’s Department of Government Efficiency fulfill its promise of cutting spending. But the change would also kill hundreds of thousands of jobs and interfere with private businesses such as Amazon that often rely on the USPS for “last-mile” delivery between its fulfillment centers and consumers’ homes and businesses.
The organization’s unprofitability has often emanated from the fact that it has a “universal service obligation” to the public and provides service regardless whether it makes money or not. The agency lost $9.5 billion in the fiscal year ending Sept. 30 …
Is privatization feasible?
Besides the logistical complications of winding down an agency that is deeply embedded throughout the country, Trump also will not have the authority to dissolve the USPS on his own.
Establishing post offices is an explicit authority Congress is granted in the Constitution, and while Trump could push Congress to privatize the system, it is more likely that he will alter the agency in more subtle ways. …
How would the change affect the mail?
The privatization of the USPS would likely increase mail and shipping costs for consumers, who would increasingly rely on other private companies such as UPS, DHL, and FedEx for their needs.
There would also be increased difficulties in delivering mail to rural communities. …
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(Excerpt from Washington Examiner. Photo Credit: Jason Hawke 🇨🇦 on Unsplash)