Posted on 07/30/2013 4:49:04 PM PDT by marktwain
Image from Phoenix Turn in Event
Correction: Cash was offered at the event, not gift cards.
Update: Comments sent to me by a source who was at the turn in event in Racine on Saturday the 27th, said that one person had purchased 7 BB guns new at Walmart to turn in at the event. Only 77 guns were turned in altogether.
The source says that the BB guns were purchased for $120 and turned in for $350.
It appears that the event organizers are learning something about market economics. More resources offered for a product stimulate demand. Reducing supply at one source is likely to increase demand at remaining sources.
If you remove some used guns from the market, you are, in aggregate, increasing demand for new guns. I wonder if gun manufacturers approve of gun turn in events, as they clearly increase the demand for new guns.
Other sources noted that the police officers at the event were polite and courteous to the private buyers who were present.
As noted in the original article, $2,500 was still available at the end of the event.
©2013 by Dean Weingarten: Permission to share is granted when this notice is included.
buy at 120. sell at 350.
This could be profitable for some people. lol
One way to shut these programs down is to bankrupt them.
Love it!
This could be profitable for some people. lol
The obama admenstruation could manage to lose money doing that.
*snort* I recommend everyone does this. ;)
Yes, yes they could
Here in S. CA, the big news today was the melting down of Guns purchased in Buybacks.
I’m sure many of those Firearms were perfectly good and I’m sure some were worth a whole lot more than the Gubmint paid for them using our Tax Dollars.
Time for a Car Buyback to help save 40,000 lives a year, if you use Liberal Logic of course. Then they can do a Swimming Pool Buyback.
I remember an old STREETS OF SAN FRANCISCO episode in which a .25 cal pistol goes on a killing rampage. IT is finally caught and melted down into a sewer cover.
Hard to get the pool in the back of the pick-em-up truck to haul down to the church.
Rest assured, any firearm worth anything was spared destruction and now resides in some cop's private collection.
Yeah, knowing some Cops over the years, you are 100% correct. I may be dumb, but I’m not stupid.
It’s still a shame to see such stupidity being reported on like it’s something that is solving (an imagined ginned up problem).
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