12/06/2010

A consequence of the high price of postage

If the post office had some competition, my guess is that the lower costs of postage would result in less counterfeiting.

As the U.S. Postal Service grapples with service cuts and massive budget shortfalls, an estimated $134.4 million dollars of its annual revenue is quietly slipping away to counterfeiters and perpetrators of other types of postal fraud.
Counterfeit stamps have been identified as a steady, recurring risk for the U.S. Postal Service, which reported a loss of $8.5 billion in the last fiscal year, and they are one of the 10 biggest threats to Postal Service revenue, according to the 2009 annual report of the U.S. Postal Inspection Service, the law enforcement arm of the Post Office. . . .

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1 Comments:

Blogger TooMuchTime said...

Just because the Constitution gives the congress the power to operate a postal service, that doesn't mean it needs to be one gov't agency. Why can't it be two or more, each in competition with the other. Prices would come down. IF...congress doesn't regulate them to death. That's the problem. The gov't always thinks they can do the best job when history has shown that gov't always does the worst.

12/06/2010 9:24 PM  

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