It Prints Money

It’s not very often that a politician who supports gun control proposes a gun related bill that I support. The planets must have aligned though because Rosa DeLauro, some politicians from Connecticut, is putting forth a bill that is meant to eliminating semi-automatic rifles with aesthetically offensive features. Instead of banning them outright though DeLauro’s bill would give gun owners who turned in their aesthetically offensive rifles a sizable tax credit:

The Support Assault Firearm Elimination and Education of our (SAFER) Streets Act expected to be reintroduced next week by Rep. Rosa DeLauro (D-Conn.) would provide gun owners with an incentive to turn in their firearms to local police departments.

“Assault weapons are not about hunting, or even self-defense,” DeLauro said. “There is no reason on earth, other than to kill as many people as possible in as short a time as possible, that anyone needs a gun designed for a battlefield.”

Though DeLauro is in favor of stronger guns laws that would completely ban assault weapons and high-capacity ammunition, she emphasized this bill would not force gun owners to turn in their firearms.

The legislation would provide up to $2,000 in tax credits for gun owners who voluntarily hand over assault weapons to their local police departments.

I wonder how long it took her staffers to come up with that title. Setting aside her absolutely idiotic view about aesthetically offensive rifles this bill is actually a good idea. Why? Because it allows anybody who can legally possess a firearm to print money:

Wilson’s latest radically libertarian project is a PC-connected milling machine he calls the Ghost Gunner. Like any computer-numerically-controlled (or CNC) mill, the one-foot-cubed black box uses a drill bit mounted on a head that moves in three dimensions to automatically carve digitally-modeled shapes into polymer, wood or aluminum. But this CNC mill, sold by Wilson’s organization known as Defense Distributed for $1,200, is designed to create one object in particular: the component of an AR-15 rifle known as its lower receiver.

For the initial investment of $1,200 plus some additional money for blocks of aluminum you can net yourself a potential $2,000 tax credit every year! Or you could invest in a 3D printer and manufacture plastic lowers for even greater profit! The possibilities are limitless. You could then use the money you saved on your taxes to buy yourself a nice AR-15, SCAR, Tavor, or other modern rifle.

Sounds too good to be true? If you read the legislation there are no exceptions for home manufactured firearms. It merely says the weapon must be legally possessed and it is legal for anybody who can possess a firearm to manufacture one so long as they don’t transfer it to another person. The bill then lists what it considers an “assault weapon” to be and AR-15s are prominently on the list. Furthermore the lower is the piece legally considered a firearm on an AR-15 so you don’t need to surrender a fully assembled rifle. Unless I missed something, which is always a possibility, there is nothing in this bill that would bar somebody from manufacturing a cheap AR-15 lower and turning it in for a tax credit every year (sadly the bill does limit a person to only one tax credit per year).

Imagine if every person who could legally possess an aesthetically offensive rifle turned in a cheap chunk of plastic every year to enjoy a $2,000 tax credit. It would really help bleed the state dry. For that reason alone I support this bill and hope others will join me in my quest to utilize it to its maximum potential.

One thought on “It Prints Money”

  1. Why bother with the Investing buy the cheap as dirt lowers from Palmetto or other equally low priced selections for $80-120 and turn those in, this prevents you from being subject to the Government wising up after a couple of years eliminating portions of your profit.

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