Billionaires should buy Bushmaster and shut it down or something
The company’s existing stockpile of guns — it has some $200 million in inventory according to the latest quarterly report — can be melted down and turned into plowshares, or at least tasteful monuments to the horrors of gun violence, and installed in places such as Newtown, Connecticut; Aurora, Colorado; Blacksburg, Virginia; Tucson, Arizona; Binghamton, New York; and Fort Hood, Texas…
One problem for the moguls might well be that none of the purchase price could be financed. Not even a sympathetic bank, such as JPMorgan Chase & Co., which shies away from financing “sin” companies, would be likely to provide a loan on a company that would be immediately closed down. The $800 million would have to come from their own deep pockets, and from like-minded individuals who share their vision. (I would happily contribute a few shekels to the syndication effort.)
Then there’s the problem of the 3,000 or so people Freedom Group employs. It does seem unfair for them to lose their jobs just because they help to make guns that kill people and animals. (Then again, maybe not.) Perhaps the moguls could also pony up for the cost of retraining these workers for other professions and for the cost of outplacement services.