Post #435,746
8/18/20 10:21:18 PM
8/18/20 10:21:18 PM
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some good ideas on how to enable better stewardship of the postal service (longish read)
https://washingtonmonthly.com/magazine/april-may-june-2019/congress-is-sabotaging-your-post-office/It is, after all, one of the most remarkable physical systems ever created. With arms in every single zip code, from Key West, Florida, to Utqiagvik, Alaska, its expansiveness opens up a world of opportunity.
In many American communities, the post office was historically called the “federal building,” and it served as a one-stop shop for numerous governmental needs. (Tellingly, FDR wanted Social Security to be administered through posts to assure its accessibility.) In smaller towns and cities, for example, the post office was a focal point for immigrant registration, military recruitment, and distributing income tax forms. There is no reason that America’s post offices can’t again provide a variety of important governmental functions. Indeed, today’s post offices should have all tax forms readily available. The government should even consider stationing IRS adjutants at post offices around tax time, which would ease what is, for many Americans, one of the most stressful times of the year.
The Postal Service could also expand on the passport assistance it already provides. Many post offices take passport photos and process some first-time applicants and renewals. Often, this is by appointment only. I believe that post offices should offer full passport services to any American who walks through the doors. In addition to serving as a gateway to America’s bureaucracy, the post could serve as a door to the rest of the world.
State governments should take advantage of America’s postal infrastructure as well, in particular by expanding the use of vote by mail, which when done right is proven to increase political participation. Turning mailboxes into voting booths would therefore be good for the engagement of our citizenry. The post could further weave itself into American democracy by allowing congressional representatives to station their district staff right in community post offices.
But perhaps the most promising service that post offices could provide is banking. Today, sixty-eight million Americans, more than a quarter of U.S. households, lack access to adequate banking services. Many are shut out by high fees tied to minimum balances, overdrafts, direct deposit penalties, and ATM charges. As a result, they are left to unregulated payday lenders and check cashers that level obscene annual percentage rates. The postal inspector general found that underbanked Americans spend $89 billion each year on financial fees. This closed system shackles families to poverty, further cementing the economic inequality tearing our country apart.
Postal branches could offer a range of banking services—including savings accounts, deposit services, and even small lending—at a 90 percent discount compared to what predatory lenders provide, according to a report commissioned by the USPS inspector general. This would give many families an average savings of $2,000 a year while putting nearly $9 billion into the post’s coffers.
Postal banking could even unite liberals and Trump supporters. Rural communities are America’s most bank starved: 90 percent of zip codes lacking a bank or credit union lie in rural areas. Bank branches are also sparse in poorer urban areas, and 46 percent of Latino and 49 percent of African American households are unbanked. The Postal Service is well positioned to help both communities. Some 59 percent of post offices lie in “bank deserts,” or places where there is no more than one branch. Where financial institutions close their doors to these communities, post offices remain open to anyone who walks inside. And this change wouldn’t even need the approval of Congress, requiring only the postmaster general’s consent. Pilot programs could then begin immediately—including in places like 194 Ward Street in my own city of Paterson.
"Science is the belief in the ignorance of the experts" – Richard Feynman
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