Elon Musk, who is advising President Donald Trump on reducing government waste and downsizing the federal workforce, has called for privatizing the U.S. Postal Service (USPS) and passenger rail operator Amtrak.
“I think logically, we should privatize anything that can reasonably be privatized,” Musk said at a March 5 Morgan Stanley conference.
“I think we should privatize the Post Office and Amtrak for example.”
Amtrak, a government-owned company created in 1970, reported an adjusted operating loss of $705 million in the prior fiscal year.
USPS, also government-owned, has accumulated over $100 billion in losses since 2007, including $9.5 billion in the 12 months ending Sept. 30, 2024.
The USPS has become a hideout for some of the least motivated people in the country, and one of the biggest on the job disability claim rankings of any public service job.