Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

Gun Buybacks are Ineffective, but This Mayor is Running One Anyway

By

By NEstudio @ Shutterstock.com

Possibly one of the least effective methods of violence reduction is the gun buyback. Criminals don’t turn in their prized firearms, and what does get turned in is usually a pile of junk that couldn’t cause much damage anyway. Entrepreneurial citizens have even exploited the gun buybacks by turning in crude homemade guns and walking away with cash or gift cards worth much more than their so-called “firearms.”

Despite the poor performance of these programs, St. Louis Mayor Lyda Krewson has decided to hold one in her city as a means to reduce the rampant violence there.

A.W.R. Hawkins writes:

According to Newsweek, Mayor Krewson said, “We can’t incarcerate our way out of this situation.” So she plans to offer the citizens of St. Louis grocery cards in exchange for their guns. She also plans to increase funding for recreational activities.

State Rep. Bruce Franks (D-St. Louis) reacted to the Mayor’s plan by saying, “I think she’s trying something she feels is going to be effective, but in reality we just know that they’re not.” He pointed to failures of previous buyback efforts in the city and explained that people will simply bring in antique or non-functioning firearms, give them to the city, and walk away with grocery money.

Read more here.

Do gun buyback programs work?

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com