Let's Talk Money

With all of the talk of proposed gun bans and compulsory buy-backs, I've yet to hear anyone address the economic impact.  Not that it hasn't been addressed, just that *I* haven't run across it yet, so while talking to Jay today we tried to figure it out in our noggins.

That was super hard to do in our heads, so once we got home, I started digging.  I, of course, did it the hard way.  And then, I ran across the NSSF Industry Economic Impact Report.  I don't know why I didn't think of just looking there in the first place, as I'm a member.  Colossal brain fart on my part.

First, though, let's look at the proposed "Compulsory Buy-Back".  There are an estimated 310,000,000 guns in America.  On the low end of the proposed "payment", they're talking $200/gun.  On the high end, $500/gun.

• 310,000,000 x $200 = $62,000,000,000
• 310,000,000 x $500 = $155,000,000,000

I don't know about you, but that's a whole lot of damn money.  Money that we, as a country, don't necessarily have.  But don't worry, the government will just print more. Never mind that it will further devalue our already weak dollar.

Now, let's look at the worst-case scenario - that eventually the "Assault Weapons Ban" gets passed and gradually increases to encompass all guns, so that we are a gun-free nation.  What does that do to our economy?  Obama's got to consider that, because he's already in the hot seat for our unemployment rate.

From the NSSF Report:

Companies in the United States that manufacture, distribute and sell firearms, ammunition and hunting equipment employ as many as 98,752 people in the country and generate an additional 110,998 jobs in supplier and ancillary industries. These include jobs in companies supplying goods and services to manufacturers, distributors and retailers, as well as those that depend on sales to workers in the firearms and ammunition industry. [1]
These are good jobs, paying an average of $46,858 in wages and benefits. And today, every job is important. In fact, in the United States the unemployment rate has reached 8.2 percent. This means that there are already 13,430,000 people trying to find jobs in the state and collecting unemployment benefits. [2]

That's over 200,000 people employed in the firearms-related industry.   200,000+ people who are not collecting unemployment, who are contributing their hard-earned money to help support our country.

The Economic Impact numbers boggle my mind (again from the NSSF Report):



And the taxes paid:



Looking at these numbers actually calms me down.  Why?  Because it doesn't make business sense to cripple our firearms industry.  No matter the emotions involved, I would expect that the political advisors would take into consideration the economic impact this would have for the country.  Go ahead, call me overly optimistic, but at this point, I think we need all of the optimism we can get.

Just over two weeks until SHOT Show and I can't wait to hear what Mez has to report from the State of the Industry Dinner.