Postal Service keeps prices low for public
There has been a lot of talk about closing the Postal Service. Many people say that they rarely use it or that it has become antiquated and too slow. Everything is done online. Here are just a few things you should think about before cheering for the post office to close.
Last year, Verizon was going to implement a “convenience charge” of $4 for paying your bill online. It later decided against it, but I believe this will certainly happen with many of the things we pay online if there is no other way to pay them.
I’m sure you can imagine how banks would follow with their own convenience fee. They originally said debit cards would save money because they would have to hire fewer tellers, and now many charge fees for using the debit card. A first-class stamp doesn’t look too bad when you look at it that way.
Your taxes would also increase. The post office does not use any tax dollars. Closing it would not save the federal government any money. If the post office makes any money, the federal government takes it and uses it toward its budget. The $5.5 billion the Postal Service is required to pay each year for future retirees is counted as income for the government. Not only will that money not be going into the government coffers, but eventually these pensions will have to be paid. Since the money isn’t being put aside, it will have to come from another source.
Shipping costs would increase. The post office delivers 20 percent of the packages for UPS and FedEx. It is cheaper for them to use the post office than to deliver the packages themselves. When their expenses go up, their prices go up. With no competition to balance it, you will pay more.
On the surface, the Postal Service may seem expendable, but when you look a little deeper, it is far more important than it appears.