How can we qualify the stockbrokers who yesterday thought it relevant to buy stocks of arms companies on the stock market? Greedy idiots. unconscious people. Fool. Heartless. profiteers of human misery.
Several stocks in American gun companies ended the trading session up from 5% to 10% after the massacre in which at least 19 children and two adults fell under the bullets of a maniac gunman at a Texas elementary school.
This means that after this monstrous event in the United States, there was strong demand for stocks of gun companies. It is incredible to see the “arms market” revived on the backs of the victims of that other appalling massacre on American soil, which took place a week after the one in Buffalo.
“Another massacre. […] Why ? Why do we agree to live with this carnage? I’m tanned and tired [de tout ça] said US President Joe Biden.
But what is he waiting for to take action against the free sale of firearms? In his defense, Biden has so far been unable to enforce Congressional measures to regulate and control the sale of firearms to Americans because Republicans have opposed it.
It must be said that in the United States, the lobby in favor of firearms is extremely powerful. The shootings (more than 300 since 2018) may be multiplying, but they’re running down the back of the gun lobby like water running off a duck’s back.
Firearms production has tripled in the United States since 2000. According to a Justice Department report cited by Le Monde and AFP, arms manufacturers have produced more than 139 million for trade over the past 20 years, including 11.3 million in 2020.
During the same period, 71 million firearms were imported.
BIG MONEY EXPENDITURE
According to the NSSF (The Firearm Industry Trade Association), whose mission is to promote, protect and sustain the sport of hunting and shooting, the economic impact of America’s firearms and ammunition industry has increased 269% since 2008 compared to $19 billion in 2008 to $70 billion in 2021.
In that 14-year period, the total number of jobs (full-time equivalents) grew from 166,000 to over 375,819, an increase of 126%.
According to the NSSF, the guns and ammunition industry paid more than $7.85 billion in corporate taxes in 2021, including property, income and sales taxes. Adding to that tax windfall is an additional $1.1 billion paid in federal excise taxes.
POPULARITY
Message to Joe Biden and all advocates of stricter government controls on the sale of firearms in the United States: Despite the astounding number of shootings, firearms popularity continues to rise.
Commented Joe Bartozzi, CEO of the NSSF, “The annual growth in firearms and ammunition manufacturing demonstrates that this industry continues to meet America’s demand for legal gun ownership. »
According to Bartozzi, the US firearms and ammunition industry was “proud to welcome more than 5.4 million first-time gun buyers in 2021 alone.”
Unfortunately, it only takes one crazy would-be gunman mingling with the shoppers for another gunfight to kill innocent people.
Long live a strict framework for the sale of firearms, it is more urgent than ever in the United States.
The Wild West is over!
