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<p>[QUOTE="19Lyds, post: 1166409, member: 15929"]First off, the US Mint is NOT a business. It's a "service" provided by the US Government.</p><p>It has not been privatized (like the USPS) and as such any "profits" (which there are many) go back into the general fund for general use by the US Government. Of course, the funds which go there are only AFTER all the US Mint expenses have been paid. Salaries, equipment, buildings, etc.</p><p> </p><p>How much is too much profit? For a private business, the door is wide open since it is a free country and businesses can charge whatever the market will bear. Charge too much, and your customers go elsewhere. </p><p> </p><p>Who tells me how much "profit" I am allowed to make? Simple. My customers. What I provide can be purchased at any other like business and as such, yes, the public CAN dictate how much profit a private business is allowed to make by simply shopping elsewhere.</p><p> </p><p>This is not the case with the US Mint and they know it. I am not adverse to the US Mint in charging appropriately to cover their expense but I do take exception to a government service which shows "profits" as "profits" are what's left over after everything has been paid for and I, for one, do NOT believe that ANY US Government "service", which is required by law, should profit from the citizens they serve.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1166409, member: 15929"]First off, the US Mint is NOT a business. It's a "service" provided by the US Government. It has not been privatized (like the USPS) and as such any "profits" (which there are many) go back into the general fund for general use by the US Government. Of course, the funds which go there are only AFTER all the US Mint expenses have been paid. Salaries, equipment, buildings, etc. How much is too much profit? For a private business, the door is wide open since it is a free country and businesses can charge whatever the market will bear. Charge too much, and your customers go elsewhere. Who tells me how much "profit" I am allowed to make? Simple. My customers. What I provide can be purchased at any other like business and as such, yes, the public CAN dictate how much profit a private business is allowed to make by simply shopping elsewhere. This is not the case with the US Mint and they know it. I am not adverse to the US Mint in charging appropriately to cover their expense but I do take exception to a government service which shows "profits" as "profits" are what's left over after everything has been paid for and I, for one, do NOT believe that ANY US Government "service", which is required by law, should profit from the citizens they serve.[/QUOTE]
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