GOVERNMENT MANAGED BUSINESSES
I have created nine different businesses in the US and Canada in my lifetime. I retired some 17 years ago and three of these businesses have survived, all three over 21 years and two over 27 years. Why, because they made a profit. Two were sold and four were failures.
One would think that any business venture would be sold, disbanded or reorganized if it failed to produce a positive return on investment. I have served on or consulted with several non-profit organizations in my 81 years and they have to at least break even to survive. This business segment is not allowed to make a profit; it is called a “net favorable balance”. Depending on the ingenuity of the creators and the diligence of the IRS, this form of business can provide some extremely attractive salaries and fringe benefits. I have always regretted I did not attempt to be a television evangelist or become a politician and really make some big bucks. The residuals alone would be awesome.
Our government chose to create the US Postal Service (USPS) a long time before Fred Smith was born. I suppose there was no one alive at that time to attempt providing the US mail as a company. It was dangerous to avoid Indians and robbers but at least Wells Fargo did deliver packages and probably mail for the government. Our USPS has never come close to producing a net favorable balance in my lifetime. Their losses have multiplied every year and make a sizeable contribution to our national debt every year.
As citizens we just expect the USPS to deliver the mail and ignore the obvious mismanagement and unionization that will never be corrected. We would never allow this to be Fedex Postal Service, UPS Postal Service or Wal-Mart Postal Service. These companies have demonstrated they can be profitable even with the burden of regulations we keep piling on business with Obama. Two have proven records that have been profitable competing directly with the US Postal Service delivering packages.
Just think about Wal-Mart as our source to deliver the mail. They already have a huge distribution network, stores in nearly every location in the United States. With some changes to eliminate thousands of small Post Offices that survive at the pleasure of politicians we could save billions. In addition the USPS could sell some equipment they have and any required buildings to Wal-Mart.
Then the thousands of unnecessary USPS buildings could be sold to anyone who thinks they can make a profit in a business located in America. This might be the closest thing to a fairy tale in this article based on the anti-business climate today.
Should the American citizens, illegal aliens and the voting dead can’t muster the courage to completely overhaul the Congress, Executive and Judicial branches of our government today it will just get worse. People have the power to send them to the unemployment lines, including the liberal dingbats on the Supreme Court. Next I will explore selling the USPS and other government managed entities to China. That should be interesting?