The U.S.
…Instead, a grassroots bailout — this time, of the post office. This time, paid for by the bailed-out banks. We can do it. Here’s how: From now on, don’t just throw out those credit card offers. Instead, put the paperwork in the “postage will be paid by addressee” envelope (first removing anything with your name on it) and drop it back in the mailbox. You’ve just transferred the cost of mailing that letter from the not-so-needy Chase/Citi/Bank of America to the oh-so-needy USPS. Who needs Robin Hood when we have postage-paid envelopes?The U.S. has 307 million people. If each person received an average of just one credit card offer a month (most adults get more than that, while children get none) and mailed it back to the bank without a signed application, at a cost to the bank of 44 cents postage, U.S. consumers could transfer $135 million a month from the banks to the Postal Service.
There’s no red tape, no lobbyists to pay off, and no congressional hearings to schedule. Tweet this post…
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Bail out the post office on the big banks’ dime
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