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These organizations grow fat and rich thanks to special treatment from the federal government. They manipulate the political system to get insider deals, government guarantees, fixed prices and other benefits, paid for by taxpayers and consumers.
*”10. United States Postal Service (USPS)”
The USPS is a monopoly more interested in job protection than efficiency or innovation. Labor costs consume 80% of USPS revenue, while UPS and FedEx spend only 56% and 42% of their revenue on labor, respectively. Reform would allow competition for mailbox and first-class mail service.
*”9. Maritime Shippers and Unions”
The Jones Act mandates that all cargo shipped between U.S. ports