Posted on 04/03/2018 7:14:41 AM PDT by reaganaut1
President Trump launched a string of Twitter attacks on Amazon.com Inc. over the weekend and is reportedly looking for ways to target the monster e-commerce company.
Amazon’s stock sank on Thursday after the president tweeted that “they pay little or or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!”
Trump’s beef with Amazon is exacerbated by the fact that chief executive Jeff Bezos also owns The Washington Post, which has provoked Trump by its negative coverage of him.
“He’s off the hook on this. It’s war,” a White House source told Vanity Fair’s Gabriel Sherman.
“He gets obsessed with something, and now he’s obsessed with Bezos,” another source said. “Trump is like, how can I f*ck with him?”
Trump said before the Easter weekend that the Post Office loses $1.50 on average for each package it delivers for Amazon, a statistic that has been challenged by analysts. The company also pays the sales tax in 45 states.
By Monday Amazon was still on the president’s mind, and stock dipped again 5 percent.
(Excerpt) Read more at nationalreview.com ...
Mr President, Sell the USPS to private investors. The real estate alone will bring in billions to balance the budget. Of course, exclude UPS, FEDEX, Amazon from buying the USPS. Also exclude DHL and any foreigner from buying it.
There will be plenty lining up to buy it.
Oh, and no subsidy to those who like the upside of where they choose to live but do not want to accept the downside of their choices.
This single move is the best Amazon play.
You would have to amend the constitution in order to disband the Postal Service. The Postal Service is actually constitutionally mandated
Come, come, let's be realistic about this. Amazon's customers pay sales tax.
Amazon merely tracks and transfers the taxes to the various states. Minus, of course, its cut for doing the bookkeeping and paperwork.
Explain that.
Amazon bought Congress, both sides of the aisle. Congress enabled Amazon to compete in ways Sears and everyone else could not, and moreover, even if they wanted to, wouldn’t be able to.
It’s killing innovation in the retail sector, and Trump is like Obama for shutting down these ill-gotten competitive capabilities?
Bezos has also stated a lot of liberal crap personally. Not just through his newspaper.
I think it’s no different than an actor or a sports person yapping their political opinions. It’s out of place and inappropriate. They are no more important than anybody else.
Agreed. So engaging in a personal vendetta against them makes the President look petty.
That’s your opinion. And of course your opinion is always anti-trump, no matter what the thread is about.
You really need to quit being a sore loser. Or move on and do something productive with your life.
Not if you take the Constitution literally.
The Congress shall have Power . . . . .
To establish Post Offices and Post Roads;
In plain English, that means Congress is Permitted to establish Post Offices. Even if it were mandated it could establish no more than 2 post offices, eg in the White House and in the Capitol and fulfill the mandate.
Ummm no, they are not making money from Amazon.
The increase in overtime and other labor costs have skyrocketed with the increase in Amazon packages. It was a piss poor deal the USPS made with Amazon. Of course...Amazon loves getting lower shipping costs than its competitors without even having to compete for it.
By all accounts they are.
By whose accounts? Trust me, they are not making money on Amazon. How could they? They offer cheaper shipping than the market demands and they pay massive amounts of overtime to deliver Amazon packages. Is the USPS operating in the black? No. The amount of overtime alone offsets any revenue generated by Amazon. Only the USPS was stupid enough to make that deal. FedEx and UPS didn’t do it. In fact, the USPS delivers a large percentage of packages originating with Fedex and UPS “the last mile”. Why? Because those two companies save money “allowing” the USPS to do it.
By all accounts. The Post Office, for one. They say that they make money off of Amazon, and have begun Sunday deliveries in some areas to handle deliveries from Amazon and others. They wouldn't be doing that if it wasn't profitable. The law, for another. The Post Office Act of 2006 makes it illegal for the Post Office to charge less to deliver an item than what it costs them.
Trust me, they are not making money on Amazon.
OK, Mr. President. But it would help if you had some documentation to support your claims.
Is the USPS operating in the black?
They haven't been for years and it has nothing to do with Amazon and everything to do with pension funding demands the Congress placed on them.
Hahaha. The post Office says so? Ok. It must be true then. Yes..they deliver Amazon on Sunday...not because of volume...it was part of the deal...you think it wasn’t offered to UPS or FedEx? The post office wouldn’t be doing it if it wasn’t profitable? Now you are just being silly. You have NO idea how much money the USPS wastes on useless programs. The USPS would be losing money regardless of the prefunding that was part of the 2006 law...that was totally supported by the NALC at the time by the way. How can an organization make money paying one carrier $45/hr to deliver one package from Amazon on overtime? It’s a joke. You should work there. I do. Ask 100 carriers what they think of Amazon. I’ll guarantee you 80% would agree with Trump, and prefer Amazon go elsewhere. Especially a rural route carrier who is paid by the route. The USPS doesn’t follow the 2006 Act by Congress. Do they care? No. They haven’t even made their prefunding payment in over a year. They just borrow more from Treasury. The taxpayers
Then why aren't they profitable?
Because they do more than deliver packages. Packages account for a quarter of the post office revenue but less that 5 percent of their volume. The rest is letters and mailers and that volume is declining. Additionally the USPS has to pay billions each year to fund their pension plan to a level that no other organization, public or private, has to meet. And they have a large retired population to support.
Hellfire missiles are pretty good at targeting buildings; yet, cruise missiles do a lot more damage. I’m just saying, Donald.
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