“Ethical Markets is delighted to bring you this wonderful TV from John Oliver on how to save our beloved USPTO, thanks to Barry Ritholtz.
John Oliver agrees with us that the USPTO is indispensable, especially now we need to go toward all mail for our election ballots!
~Hazel Henderson, Editor“
John Oliver on the USPS
May 14, 2020 6:00pm by Barry Ritholtz
As the U.S. Postal Service faces financial catastrophe, John Oliver discusses why the service is so important, what brought it to this point, and what we can do to help.
USPS: Last Week Tonight with John Oliver (HBO)
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Note: President Trump’s ongoing laments about USPS/Amazon are thinly disguised complaints about the Washington Post. He revealed this in several of his tweets:
-Called the paper the “Amazon Washington Post” – WaPo is owned by Jeff Bezos, not Amazon.
-Falsely claiming Amazon does not collect state sales tax. That issue was resolved last year, and Amazon collects state sales tax.
-Falsely claiming Amazon does not pay Federal Tax: It does, but very little. Why? Because for 20 years, it has hardly ever been profitable. Companies pay taxes on profits, not gross revenue.
Regardless, Oliver references what we wrote 2 years ago: Congress is the one who crushed USPS, not Amazon.