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I'm against using this, or any other buy back program..Not only would they get a statistic that their BS program is working, but,THIS-
"However, the debit cards cannot be used to purchase firearms or ammunition and cannot be redeemed for cash. The cards will automatically notify dealers that a purchaser is attempting to use the cards to buy guns. If they violate this provision of the law, both the purchaser and the dealer will be responsible for repaying the government in the amount of the gun sale or will be imprisoned for not more than 2 years, or both."
125% MRSP buyback though. Can you see the truck sized loophole that would bring? Like buying a $10,000 barrett, get $12,500 back. I'd mortgage my house and buy 1000 keltecs. Get $75000 back, buy a bigger house, rinse and repeat. Heck, I have a credit card with a $50,000 limit on it. I could be making $12,500 as fast as I could buy and sell back the guns.
I read 25% above "market value" not msrp. Have you looked at the Blue book of gun's price points. They are pretty low. So you glock gen4 $550 new is like $400 "used" add 25% it's $500. You lost $50 and they are tracking how you spend your money and where you are from that debt card. They are building a profile to prepare for confiscation.
-- it's a nice way to modernize the civilian's weaponry. Use "loophole" (buy stuff, return it for cash) use cash for modern sporting rifle. Nice think cash for clunkers
-- plus 360 million dollars isn't going
Uh yeah - not sure if that will hold up in court.I'm against using this, or any other buy back program..Not only would they get a statistic that their BS program is working, but,THIS-
"However, the debit cards cannot be used to purchase firearms or ammunition and cannot be redeemed for cash. The cards will automatically notify dealers that a purchaser is attempting to use the cards to buy guns. If they violate this provision of the law, both the purchaser and the dealer will be responsible for repaying the government in the amount of the gun sale or will be imprisoned for not more than 2 years, or both."
Uh yeah - not sure if that will hold up in court.
I am not concerned - I don't think this will ever pass, and if it does there won't be a lot of people selling their guns to the government.
No - I mean the restriction on how you spend the credit.Not true. Gun buy backs are often no questions asked. What better way for gangster A to get rid of the gun he used to murder gangster B than someone paying for the gun, and not asking him anything about it? A good amount of it will probably be from areas with relatively high gang activity.
No - I mean the restriction on how you spend the credit.