The U.S. Postal Service enjoys every possible advantage in the marketplace. It has an unconstitutional monopoly over delivery of letters. It owns and occupies some of the earth’s most valuable and strategic real estate. It pays no corporate, income or property tax.
Yet the USPS loses billions annually. During the first 4 months of 2020 (amid the coronavirus pandemic), mail delivered by USPS has dropped over 30%. The Postal Service is expected to lose $13 billion this fiscal year, which ends on Sept. 30, and $10 billion during the next fiscal year.
The Postal Service overpays its employees, and thousands apply for every opening. The Service also acts as a surveillance network for the government, photographing every envelope it delivers.