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JohnRich

Gun Control as Economic Stimulus

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Gun Control as Economic Stimulus

Federal tax revenue on the sales of firearms and ammunition rose 45 percent in the last fiscal year. That is the highest annual increase on record, according to a new report from the Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau.

...Firearm and ammunition tax revenues skyrocketed for a different reason: These went up because people were simply buying more guns and ammunition, apparently because they feared Barack Obama would curb their access to deadly weapons upon taking office.

“Retail sales analysis indicates that gun sales strongly correlate to changes in the political landscape in the United States,” the report says...
Source: http://economix.blogs.nytimes.com/2010/07/16/gun-control-as-economic-stimulus/?src=busln

Way to go, Obama - this is a stimulus program that costs the taxpayers nothing, and actually works!

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Way to go, Obama - this is a stimulus program that costs the taxpayers nothing, and actually works!



But, like many stimulus packages we did see (cash for clunkers), it just stole from future sales, esp for ammo. I'm sure a portion of the gun sales were to new buyers who feared not having the choice in the future.

The SCOTUS decision may be worth more though, as citizens of the two largest cities in the country will now be able to exercise their rights.

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