Benevolent billionaires can buy out gunmaker

  • Article by: William D. Cohan , Bloomberg News
  • Updated: December 31, 2012 - 6:30 PM

They are in the unique position of being able to put their money where their mouths are, and with a single bold move can change the raging gun debate in a way that intransigent politicians cannot.

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greg62Dec. 31, 12 6:01 PM

Good luck. Liberals are very generous with other people's money, not their own.

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Spiker1Dec. 31, 12 6:45 PM

So the diatribe to take away 2nd Amendment Rights continues.....

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mrprogressiveDec. 31, 12 6:48 PM

Won't work. Someone will see a void the the market and start a new gun company. Someone hasn't taken business 101.

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parker0910Dec. 31, 12 6:52 PM

This is to funny to be taken seriously. Just what do you think will happen. I'll tell you. A vacuuum will be created and new business will be created to meet the existing demand. You will have a large group of skilled workers, without jobs and in this case, no competition. Nice pipe dream.

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just1oldgoatDec. 31, 12 6:58 PM

Buy the company and liquidate it? So riddle me this: Who pays the sales tax on liquidated products? Who pays the licenses and registration fees on firearms after the inventory is smelted? Ammo sales - who pays that sales tax? Are those billionaires going to go out to the Hollywood TV and movie makers and deliver a bunch of big signs that read, BANG! BANG!? Are our soldiers suppose to learn to throw rocks?

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greg62Dec. 31, 12 7:03 PM

"Someone hasn't taken business 101."_____ Like Barack Obama

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gkimballDec. 31, 12 7:05 PM

If only it could help, but some greed heads would fill the void. The worst part is all the fools who will buy their "product" in the name of "security and freedom."

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cartoonconnDec. 31, 12 7:23 PM

Plowshares!!! Hahahahahah!!!!

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shushyn78Dec. 31, 12 7:47 PM

I disagree with the author but the truth is that progressives love profit just as much as anyone as long as they control it.

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davehougDec. 31, 12 7:51 PM

Obviously, plenty of other companies would fill the manufacturing void left by Freedom Group's demise - - - so the purpose would be to ??????????????

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