Posted on 06/08/2019 3:29:37 AM PDT by JayCh
The gun industry has become popular in the last few years – which is causing the United States to shuffle a lot of money in this field. So, the firearm industry in the U.S. fell around 6.1% in 2018 – practically being in decline. However, there is still a lot of money that comes and goes in this business.
Revenue on the Defense Side
Arms sales are continuously changing in the US – and along with that, so is the revenue that results from this business. In the National Shooting Sports Foundation, it was estimated that 13.1 million firearms were sold in 2018 – compared to the 15.7 million that were sold in 2016. The numbers have gone down a lot, causing a great hole in the gun industry. The firearm business was literally “shooting” when Obama was president – and went into a slump by the time his presidency came to an end. Along with the strict laws when it comes to gun control, the period that followed would show a rather uncertainty in regard to the future of guns.
However, even with these relatively strict laws, many retailers reported some slightly brisk sales – mostly due to governor Gavin Newsom’s promises during his campaign. After that slump, by the end of 2018, the new-gun sales rose by 14 percent. Most of this money was spent on defense firearms – no matter if it was for the military or personal purposes. Many of these guns were sold to foreign governments as well, increasing the overall revenue
The Number of Guns Sold
While there were certainly some slumps caused by gun regulation, the gun industry is still not dying. According to research, gun sales managed to reach $11 billion in revenue – which is a relatively high number, compared to when Trump first started off as the president.
A lot of this money also goes on securing the American gun and violence problem – not just on guns alone. While a significant sum is spent on the firearms themselves, a lot of this revenue goes on indirect spending. Medical bills caused by firearms also cause huge costs to the American economy – a lot of the money going into surgeries and equipment.
Most of these payments were made as a result of mass shootings – which prompted the economy to step up the production even more. Along with the billions of firearms that were produced, the United States also had to invest in bulletproof backpacks and vests, along with training courses that would lower gun violence. These actually proved great for civilians, who did not know how to handle or protect themselves from a firearm. The Bottom Line
A significant amount of money went into the firearm business last year – and not just because of the firearms themselves. Even with the occasional slumps in the business, investments still had to be made in direct and indirect situations – from gun retail to gun-related medical issues.
My dad had a shotgun that he traded for a pint of whiskey, drank two thirds of said pint and said he still got screwed.
Never mix guns and hootch
Medical costs related to gun violence? More like medical costs related to gang violence.
8mm mauser sells in a case of 300 for $100 on classic firearms. 33 cents a round. I’m hoping that was either hyperbole or a typom
CC
Typo. How ironic.
CC
That’s putting it politely.
Agreed,
I missed a good Opportunity
when .22 LR was going for
A Buck a round,
Damn.
Define "wasted".
Ammo a Waste?
Ain’t like it has a
Short Shelflife!
Yup, it was insane.
You got 500 rd bricks for $5 and sat on them LOL
There was a time under Obie it was $1 the rd
Well, if you are constantly shooting it, it’s a waste. Otherwise, what are you using it for? Either way. Whether you are shooting it, or storing it, it’s a waste of money.
Like I said, it’s not my hobby so I don’t get it. I’m just not a money spender, myself.
You probably don’t understand fireworks either right? Or two seat sports cars? How do u spend your money? Let’s analyze that.
You got a $20 bill burning a hole in your pocket and you can pick up 2000 rds of 22 LR or go buy a burger.
What to do?
If you're constantly shooting it, and don't enjoy shooting ... maybe it's a waste.
Otherwise, it can be pretty cheap entertainment.
I don't know anybody who shoots a lot, who considers either his time or his money to be wasted.
Haha! I don’t. Not one bit. It’s like you know me! LOL!
How do u spend your money? Let’s analyze that.
Hmmmm. Not on too much. I have a gym membership. And I buy music.
You got a $20 bill burning a hole in your pocket and you can pick up 2000 rds of 22 LR or go buy a burger.
I’ve never had the feeling that money was burning a hole in my pocket. I would buy neither. But that money would probably eventually go to food.
Last I heard, music is free. just keep it down or the federales will show up. :)
Dang old campfire Nazis!
2000 rds of 22 lr brings a Lot of food.
I picked up 2000 rds of Remington 22 lr for $20 one day.
Not the greatest ammo in the world but hey, $20
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