Liberty wrote:I am a simple man and not an economist but let me see if I understand this correctly.
This Dick company owns some AR15s.
They are opposed to people having the right to own them and wants them unavailable.
The Destroy all their stock of these weapons of mass destruction.
These weapons are paid for even though they were never in the public hands.
The manufactures made their money and people will buy their new AR15s from other places
This is a profitable action for the gun makers. Destroying the weapons is a minute boost for the gun industry
Unintended consequences. The harder the leftist try, the more they boost the firearms industry.
Yes, basically the gun manufacturers get to sell each gun twice. Instead of them selling one gun to Dick's that is then sold on to an end customer, they sell one gun to Dick's, and then sell a second gun to the end customer. Net result is a wealth transfer from Dicks shareholders to the gun manufacturers, and no reduction in the number of guns available for civilians.
Dick's action does make small minded people "feel" better though. Usually these people are incapable of using logic, so they don't understand the idiocy of their actions. It is rare to see such unintelligent people advance to positions where they are running publicly traded corporations, but I think we now know why Dicks stock is tanking relative to their peers. Like I said, I would expect a shareholder lawsuit to be filed at some point.