Hi, Plenty of gun owners are heavily invested in NFA licensed firearms, many having hundreds of thousands of dollars invested in such weapons. If the NFA were to be repealed these investments would be worth a thousand bucks and such owners would be out hundreds of thousands of dollars. Would this be an obstacle to repealing the NFA, if this was ever on the table? Would they put aside their personal monetary interests for their ideals? I never thought about this, but someone told me recently the NFA is unlikely to ever be repealed for this reason. Thoughts?
Maybe? Given recent threads expressing support for civilian ownership of assault rifles in Ukraine, I find it very interesting that American gun owners would be an obstacle to people owning such guns in their own country.
Wouldn't make too much of a difference as the NFA firearms they own are rare and very costly, as such the elimination of the tax would matter not.
As soon as NFA is repealed, anyone can produce a machinegun and many of us would simply to have it in case they changed their minds and put a new NFA in place (with similar hughes amendment style language as was added with FOPA). This drastic increase in supply would have the effect of reducing the cost of these items precipitously. You would get pushback from rich idiots.
Not really, the value of pre-NFA firearms would still retain their value as they are collectors items, not a new firearm.
Again: You're missing that currently there is a limited supply of machineguns and if you want to shoot a machinegun you have to own one of those limited examples. High demand, ever decreasing supply = inflated price. High demand, supply able to meet demand by allowing simple machines to be made = true market price, which will be less than the inflated price. Example: https://www.gunbroker.com/item/926608735 < Do you have any idea how much it would cost to produce a sterling? Any idea how simple a sterling is? It would be less than 20k to make up a whole new set of dies etc for mass production ffs. They'll still have value as a collector's item, they will lose value in that anyone will be able to produce a nice M2. I don't really care if its not a collector's example, I'd like a machinegun.
M2s have a lifetime warranty: There is a functional example that is from the original set still in service.