Free Republic

The U.S. Postal Service (USPS) is drowning in red ink, having lost $9.2 billion in 2020 alone. Things weren’t looking rosy before the pandemic, either. In fact, America’s mail carrier has shed more than $80 billion over the past 15 years. When faced with such gargantuan losses, many businesses swiftly introduce far-reaching changes to pivot back to profitability. But owing to the strange, tangled status of the USPS as a government-managed enterprise, key decisions to get the agency back into the black are undermined by the actions of other branches of government. In recent years, the judicial branch has played...

Soaking the rich is good politics but bad economics. Millions of Americans are beginning to see the fruits of the federal tax overhaul passed in December, with higher take-home pay, bonuses, and a stronger job market. However, these good times could soon end in some left-leaning states that are considering raising their income taxes. New Jersey, Massachusetts, and Maine may soon place surtaxes on “millionaires,” via legislation in the Garden State and ballot measures in the others. To proponents of larger government and greater state-level redistribution, raising rates on “fat cats” is a perfect way to fund more Medicaid and...