New York Stock Exchange

New York Stock Exchange

There have been at least 214 mass shootings in the United States so far this year.

We have been horrified by the Highland Park, Illinois July 4 shootings, the massacre of 21 people, 19 of them children, in Uvalde, Texas. A crazed, racist killed 10 Black people and wounded at least three others when he shot up a Tops grocery store in Buffalo.

In 2022, there have been more shootings than days; the shootings have become commonplace.

The Biden Administration and concerned legislators have done what they can to restrict gun ownership, given our nation’s gun culture and our combatively divided Senate. There is a new gun safety law, and some survivors of mass shootings joined him at the White House to celebrate the legislation. 

Julianne Malveaux NNPA

Julianne Malveaux 

The families of victims are tired of people offering thoughts and prayers. They want action! The Safer Communities Act, passed on a bipartisan basis last month, is a step in the right direction, but it doesn’t go far enough. We need to use economic tools or inject economics into the conversation about gun safety. 

Those of us with stock portfolios must insist that our money managers avoid stocks like Smith and Wesson (SWBI), which produced more than 1.5 million guns in 2020. If more people who say they hate gun violence stopped investing in gun manufacturing companies, perhaps these companies would rethink their manufacturing, marketing, and lobbying.

Gun ownership has been cleverly marketed, with companies using buzzwords like safety, to encourage gun purchases.

Those who are survivors of gun violence, and their families should sue the gun manufacturers who produce the deadly weapons that make massacres possible. Earlier this year, Remington (RGM) agreed to pay the families of the 2012 Sandy Hook shooting, where 20 children and six educators were killed.

It took a decade between the shootings and the lawsuit settlement, so the families must be commended for their persistence. The families of victims in Uvalde, Buffalo, and Highland Park should consider pursuing similar lawsuits to punish those companies that flood deadly weapons into the public.

We can also use our tax or surcharge system to restrict the distribution of ammunition. The comedian Chris Rock had it right when he said in 2009, “You don’t need no gun control, you know what you need? We need some bullet control. I think all bullets should cost five thousand dollars… five thousand dollars per bullet… You know why? Cause if a bullet cost five thousand dollars, there would be no more innocent bystanders. Every time somebody got shot, we’d say. . .He must have done something … he’s got fifty-thousand-dollars-worth of bullets in his behind. Even if you get shot by a stray bullet, you wouldn’t have to go to no doctor to get it taken out. Whoever shot you would take their bullet back, like, “I believe you got my property.”

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