Posted on 08/27/2019 2:25:57 PM PDT by Kaslin
California’s got the most gun control laws in the country. It’s also trying to win the race on bad legislative ideas, too.
California’s Assemblywoman Sydney Kamlager-Dove (D-Los Angeles) is pushing a resolution that California would use its economic might to nudge banks and lending institutions away from doing business with federally licensed law abiding firearms manufacturers and retailers if they have open accounts with the Golden State. Assembly Concurrent Resolution 115 would “encourage” six lending institutions to cut all business ties with America’s firearms manufacturers. The goal, according to Kamlager-Dove, is eliminate the production of firearms and the means to exercise Second Amendment rights.
Kamlager-Dove explained, “You cannot have a gun if the gun has not been made. You cannot sell a gun that has not been made.”
Then, Kamlager-Dove does economic policy backflips when she attempts to say it is actually a free-market incentive, because it would allow firearms manufactures to use alternative options when it comes to banking services and loans.
Kamlager-Dove couldn’t explain where California state and local law enforcement would buy their firearms if gun production were to be eliminated. She was challenged on her thought process by Republican Assemblywoman Melissa Melendez that inserting personal and political ideology was a dangerous precedent. While Kamlager-Dove was using the resolution as a bludgeon against the firearms industry today to drive a political agenda, a similar authority could be used to deny financial services to what others consider disfavored industries.
It’s a reminder of the importance of rejecting this type of activism being embraced by politicians to distort and misuse the levers of free-market capitalism to attempt to achieve political agendas through corporate boardrooms that they can’t do through legislative and court processes. That’s why the National Shooting Sports Foundation, the firearms industry trade association, urges Congress to take up the Freedom Financing Act, introduced by U.S. Sens. Kevin Cramer (R-N.D.) and John Kennedy (R-La.) as S. 821. It was also introduced in the U.S. House of Representatives as H.R. 2079, by U.S. Rep. Roger Williams (R-Texas).
The Freedom Financing Act would prevent financial institutions from accessing taxpayer-subsidized government programs when they are at the same time denying banking services to lawful and compliant industries. In other words, big banks wouldn’t be able to benefit from taxpayer-subsidized insurance programs while at the same time discriminating against lawful businesses. If the big banks choose to deny industries like firearms and ammunition manufactures services based on a bias against the products they make, they are free to do so. But, they shouldn’t be entitled to benefit from the money protections that are paid for by U.S. taxpayers, 100 million of whom are gun owners.
Californians deserve many more things from their assembly representatives. Bad ideas to limit free markets and eliminate rights isn’t one of them.
Class warfare against gun owners by the ruling classes. Simple.
We aren’t their kind of people and must be crushed.
For them, `gun owner’ and `Trump supporter’ are one & the same and must be liquidated.
This is what is known as tyranny, pure and simple.
I would think that it violates the prohibition of free interstate commerce.
Hyphenated name = red flag. Goes double for men who do it.
Next will be cut all banking ties to conservatives or Climate Change deniers.
I guess the dimwits do not know, or care that some of these companies make arms for the US Military, and for police departments throughout the country.
You know, the guys in uniform that keep the citizenry from hanging these folks from the nearest lamp post...
The Big Banks are already ending Account Servicing for Companies that operate Private Prisons and Private ICE Detention Facilities that are Contracted with Cities, Counties, States and the U.S. Government.
It only takes 10% of a Banks Depositors to CLOSE their Accounts to make the Bank Insolvent Overnight and SHUT DOWN. Not to mention the States like Arizona and others could Easily REVOKE their Corporate Charter and CLOSE them down entirely in their State.
see IndyMac and Continental, and if they want to play, well hopefully enough Americans will do the right thing. Me I bank with My Credit Union for the last 45 years.
Cease all firearms, and firearms-related sales, to all government agencies in the state. Municipal, county, state-level. All of them. No firearms, no parts, no ammo.
Should be: Cease all firearms, and firearms-related, sales to all government agencies in the state.
Isn’t that a restraint of interstate trade?
Isn’t that a federal offense?
These are law abiding businesses that have every right to sell their legal merchandise in the United States.
The moment a bill like that was signed, the Attorney General should name the fifty or more people who supported it.
Put them in prison.
I have long suggested firearms manufacturers should refuse to sell their products to law enforcement entities. What they should do instead is to offer lease programs only. With a lease program the manufactures control the terms and maintain ownership and thus control of their products. They could offer lucrative trade up programs and maintenance. This can easily be sold as a win win for government and the firearms manufacturers but at the same time without it being clearly obvious they would have big goverment by the balls.
I’ve got an idea. How about no guns, cars and trucks, mfg’ed goods, etc shipped to CA?
Let those Commie bastards try to survive on only what they can produce in the state. They’ve drove all the industry out of CA so it would be amusing to watch.
/eyeroll
If it comes down to it I can make my own guns and I have no experience as a machinist, sugar shorts.
Didn’t one gun company doing business in CA stop selling their guns to law enforcement over something similar?
Not to mention the States like Arizona and others could Easily REVOKE their Corporate Charter and CLOSE them down entirely in their State.
Just today, a Federal Judge, in his wisdom, has suspended a MO abortion law that was to take effect tomorrow. And just a few months ago, the state of IL has enshrined abortion up to the moment of birth. Two states, right next to each other with 180º opposite views on a contentious subject.
So we have CA, which really would like to ban all guns, right next to AZ which allows Constitutional carry.
So how long can this nation stay together when parts of it are so politically divided from the rest?
Singling out and targeting one sector of legal commerce is unconstitutional and hair-pulling immoral.
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