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Why does the 'US MINT' need to make a profit?
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<p>[QUOTE="medoraman, post: 2296387, member: 26302"]"Unlike every other pension plan in the US"? That simply is not true. All private pensions need to be "fully funded" actuarially, which is what is being required of the USPS. The fact governments refuse to do this do not mean the USPS is being treated any differently than any other private business, they just are not being treated like a government where they can lie about their obligations.</p><p><br /></p><p>Regarding the mint and seignorage, the profit really is one of the two main purposes of the mint. From the beginning of coinage, seignorage has been a huge source of governmental income. The second requirement of a mint is to produce coinage that facilitates commerce. This is where our mint has failed, due to the politicians. We need $1, 2, and 5 coins, and discontinue all notes, as well as discontinuing cents and nickels. Does anyone here really believe anything can be bought for anything less than a dime anymore? Why even mess with such coins? Make $.10, .25, 1, 2, and 5 coins and just be done with it. Remember when vending machines could actually be used with coins? I haven't used coins in a vending machine in a very long time now. That is proof our coinage system is simply broken.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2296387, member: 26302"]"Unlike every other pension plan in the US"? That simply is not true. All private pensions need to be "fully funded" actuarially, which is what is being required of the USPS. The fact governments refuse to do this do not mean the USPS is being treated any differently than any other private business, they just are not being treated like a government where they can lie about their obligations. Regarding the mint and seignorage, the profit really is one of the two main purposes of the mint. From the beginning of coinage, seignorage has been a huge source of governmental income. The second requirement of a mint is to produce coinage that facilitates commerce. This is where our mint has failed, due to the politicians. We need $1, 2, and 5 coins, and discontinue all notes, as well as discontinuing cents and nickels. Does anyone here really believe anything can be bought for anything less than a dime anymore? Why even mess with such coins? Make $.10, .25, 1, 2, and 5 coins and just be done with it. Remember when vending machines could actually be used with coins? I haven't used coins in a vending machine in a very long time now. That is proof our coinage system is simply broken.[/QUOTE]
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