Following the 2012 Sandy Hook school shooting, Connecticut knee-jerked some serious gun control laws, banning entire classes of weapons and restricting residents’ 2nd Amendment rights. While there is no proof that these gun laws have saved even one life, there’s plenty of evidence that gun control has cost the state thousands of jobs and millions in tax revenue.
In 2013 Governor Dannel P. Malloy helped lead the effort to ban so-called assault rifles and high capacity magazines. Since that time Connecticut has lost out economically according to the generically named News Times:
The governor’s tough gun control policy has cost the firearms industry 3,000 jobs in Connecticut, and cost the state nearly $50 million in taxes since 2013, the industry’s trade association says.
The declining numbers for the firearms business in Connecticut are included in the NSSF’s annual economic impact report, which shows that from 2013 to 2016 the industry grew from $38 billion to $51 billion nationwide, and jobs increased from 245,000 to 300,000.
“The rest of the industry in that same time frame has seen large increases across the country in job growth and economic impact. Other states that did not pass adverse legislation to the Second Amendment did not see decreases in revenue,” said Jake McGuigan, the senior director for the National Shooting Sports Foundation.
In 2013 Connecticut had 8,000 people working in the firearms industry and related fields. Last year that number was 4,900, the NSSF said.
Because of the state’s unfriendly gun control laws many companies have left and/or moved jobs elsewhere:
In 2013, PTR Industries moved from Bristol to South Carolina after tough new gun laws rendered the company’s line of semi-automatic rifles illegal. In 2014 O.F. Mossberg & Sons told Forbes it would not expand its North Haven headquarters but expand in Texas instead, taking jobs and shotgun product lines out of Connecticut.
And while the news reports this has resulted in a $50 million loss to the state since 2013, I am assuming that is a typo as McGuigan puts he number much higher.
“In 2013 we paid $134 million in state taxes to Connecticut, and if we would have kept on the same pace, Connecticut would have $140 million more today,” said McGuigan.
Taking into account that it’s been 3 years since the gun laws and Connecticut has lost out on $140 million, that’s more like $50 million a year they are missing.
Connecticut is estimated to be running a $1.4 billion budget deficit, mainly because the state is run by liberals who like to waste money on stupid things, but it sure seems like an additional $140 million in tax revenue would help out. Also consider that an additional 3,100 people working would have been paying state taxes. The impact of this liberal nonsense do-nothing legislation is tremendous.
The gun control laws that are hurting the state economically were passed in response to a shooting that wouldn’t have been stopped by any gun control laws. Adam Lanza killed his mother and stole her guns to use in the Sandy Hook shooting. Murder and theft were already illegal at the time but for some reason the killer chose to ignore those laws.
This is some pretty compelling stuff in terms of proving how pointless gun control is. Even the most liberal gun-hating looney couldn’t show that Connecticut’s gun laws have saved any lives or stopped any mass shootings, but there is concrete evidence that that these laws are hurting the state financially.