Gun business still thriving
I recently learned some interesting facts about the positive things going on in the firearms industry, one of the very few truly thriving businesses in this country since the economic collapse of 2008.
This, so far anyway, in spite of infringement in the form of proposed or actual bans, regulations, and anti-gun legislation from all levels of government.
Women are the fastest growing segment of gun owners and FBI background checks for concealed carry permits are at an all-time high. Since President Obama took office, Ruger’s stock price has surged by 510 percent.
In 2011 alone, commercial firearms and ammunition sales produced $4.59 billion in reported federal excise taxes. This revenue has increased 48.3 percent since 2007, and is up 338 percent in the past 30 years. State taxes totaled more than $2 billion.
The overall combined commercial gun and ammo market totals $32 billion in economic impact nationwide. The shooting sports also include a huge market for accessories and all sorts of equipment directly or indirectly related to the gun and ammo market. For example, total spending for all hunters tops $24 billion.
Infringement of the Second Amendment, the current politically correct frenzy, affects many things in a negative way. Not the least of these is the threat to a very productive economic enterprise that produces good jobs by giving us tangible goods that a great many of us buy, in spite of government and its allies.