By: Brittany McCants
Blog Topic: The Economics of Gun Control
All I want to do is bang, bang, bang, bang, and kkaaa ching and take your money!
Given the recent catastrophes involving gun violence much consideration has been given on how to prevent, or at least significantly decrease the chances of similar events occurring again. When brainstorming suggestions on how to control gun violence, suggestion range from imposing higher taxes on guns and bullets, doing risk assessments on those who purchase guns to requiring those who purchase guns to purchase insurance that could cover any subsequent incidents.
There are various subjects included when you consider the phrase the economics of gun control. Of course consideration is given to the actual costs that will incur in regards to putting forth any type of gun control plan. With all of these task forces and methods proposed to prevent the horror of having another life loss due to senseless gun violence, the idea of where the funding for these ideas can, at times, get pushed to the back of the mind.
Sure we can think of a million ways to control gun violence and if we as a country are fortunate enough to come to an agreement regarding how these controls will be implemented the possible benefits become tangible. What is also important to consider when thinking of economics and gun control is the effect that pulling or putting money towards gun control will have in other areas of this country.
For example money that could possibly be spent on tasks forces for developing jobs, giving aid to families in need, or bettering local schools has the chance to be diverted elsewhere when gun control takes center stage. Of course, arguments can be made that gun violence can effect each of the above named categories of life, but only the best torts professor will allow you to take your “but” arguments so far. Since their victims span larger numbers than initially expected, one question remains, are gun wielding killers who create pubic fear with their spurts of unexpected violence winning in more ways than were imagined?
The opinions expressed herein are strictly those of the author and do not necessarily reflect the opinions of the Widener Journal of Law, Economics & Race.
*Brittany McCants is a staff member on the Widener Journal of Law, Economics & Race. To Learn more about Brittany, click here to visit her page.
 M.I.A , Paper Planes, XL Interscope Records (Feb. 11, 2008).
 Brand Plumer, The Economics f Gun Control. Dec. 28, 2012. http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/28/the-economics-of-gun-control/
 John Wasik, Newton’s New Reality: Using Liability Insurance to Reduce Gun Deaths. Dec. 12, 2012. http://www.forbes.com/sites/johnwasik/2012/12/17/newtowns-new-reality-using-liability-insurance-to-reduce-gun-deaths/1/.