Will Gun Control Go The Way Of The Windfall Profits Tax?

By AWR Hawkins

Smith & Wesson Shot Show
Will Gun Control Go The Way Of The Windfall Profits Tax?
AmmoLand Gun News
AmmoLand Gun News

Washington DC – -(Ammoland.com)- Will gun control soon be mentioned or proposed as infrequently as the Windfall Profits Tax (WPT)?

During George W. Bush's presidency, Democrat Senators pushed a WPT because of the profits of ExxonMobil, Chevron, British Petroleum, and others. Then they realized that those profits had made oil company stocks a staple in 401Ks, mutual funds, and various retirement portfolios.

But talk of a WPT faded away.

During the most recent two years of Barack Obama's presidency, gun control has been the cause Democrat Senators have rallied around – only to find a similar situation: stocks from gun companies like Sturm, Ruger & Co., and Smith & Wesson are increasingly held by mutual funds, chosen as stocks in retirement plans, and held in other investment configurations.

Because of this, gun control is starting to look a lot like the WPT.

In fact, on December 13th Breitbart News reported that The Wall Street Journal's Market Watch proclaimed gun control “dead as an issue” because of the profits of gun stocks and the way those stocks had gained popularity on Wall Street.

Think about it.  Oil company profits did not go away; rather they were sanctified in the eyes of the public as they turned into something future retirees were counting on for security. Demonizing oil companies was no longer politically smart.

Sturm, Ruger, & Co. returned 80 percent for those who held it from December 2012 to December 2013. Those holding Smith & Wesson made “more than 60 percent.” 

How long before demonizing gun companies will no longer be politically smart?

Follow AWR Hawkins on Twitter @AWRHawkins

AWR Hawkins writes for all the BIG sites, for Pajamas Media, for RedCounty.com, for Townhall.com and now AmmoLand Shooting Sports News.

His southern drawl is frequently heard discussing his take on current events on radio shows like America's Morning News, the G. Gordon Liddy Show, the Ken Pittman Show, and the NRA's Cam & Company, among others. He was a Visiting Fellow at the Russell Kirk Center for Cultural Renewal (summer 2010), and he holds a PhD in military history from Texas Tech University.

If you have questions or comments, email him at [email protected] You can find him on facebook at www.facebook.com/awr.hawkins.

  • One thought on “Will Gun Control Go The Way Of The Windfall Profits Tax?

    1. US owned and operated firearms manufacturers and accessory manufacturers employ thousands of US workers.

      The Obama Administration is hell bent on redistributing wealth instead of allowing capitalism to work as it has in the past.

    Leave a Comment 1 Comment

    Your email address will not be published. Required fields are marked *