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PUTTING A PRICE ON THE HEADS OF OUR CHILDREN,BY Louise Annarino,December 18,2012

18 Dec

PUTTING A PRICE ON THE HEADS OF OUR CHILDREN,By Louise Annarino, December 18, 2012

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What price do we put on the heads of our children? If there were not so much money involved, the U.S. could have regulated the gun industry long ago. Following the money we learn:

– “Net sales from continuing operations for the second quarter were a record $136.6  million, up 48.0% from the second quarter last year,” states a press release by Smith & Wesson Holding Corporation. While market drops for other industries it escalates for the gun industry. This is one business where uncertainty increases profit.

-As of 2011, there were approximately 5,400 licensed firearms manufacturers and 950 importers in the United States, The United States Department of Justice Bureau of Alcohol, Tobacco, Firearms and Explosives reports. THis does not include miltary armament sales.

-Arms sales (agreements), by Supplier, 2003-2010 (in billions of constant 2010 U.S. dollars)

Supplier Total Sales in US Dollars (billions) Percent of total sales
United States 170.764 39%
Russia  81.059 18%
France  37.4 8%
United Kingdom  29.803 7%
China  15.272 3%
Germany  22.807 5%
Italy  15.134 3%
Other European  47.024 11%
Others  23.654 5%
Source: Richard F. Grimmett, CRS Report for Congress; Conventional Arms Transfers to Developing Nations, 2003-2010, September 22, 2011If you are viewing this table on another site, please see http://www.globalissues.org/article/74/the-arms-trade-is-big-business for further details and context.

-”Industrialized countries negotiate free trade and investment agreements with other countries, but exempt military spending from the liberalizing demands of the agreement. Since only the wealthy countries can afford to devote billions on military spending, they will always be able to give their corporations hidden subsidies through defence contracts, and maintain a technologically advanced industrial capacity.

“And so, in every international trade and investment agreement one will find a clause which exempts government programs and policies deemed vital for national security. Here is the loophole that allows the maintenance of corporate subsidies through virtually unlimited military spending.”— Stephen Staples, Confronting the Military-Corporate Complex, presented at the Hague Appeal for Peace, The Hague, May 12th 1999.

TAXES GENERATED IN THE UNITED STATES

TAX IMPACT                                  BUSINESS TAXES                                 EXCISE TAXES

Federal Taxes                                  $2,503,904,614                                     $487,998,107

State Taxes                                       $2,071,203,685

Total Taxes                                      $4,575,108,309                                     $487,998,107

Chart from (National Shooting Sports Foundation) NSSF website www.nssf.org/.

-in 2010, Dun and Bradsrteet listed 661 U.S. manufacturers of small firearms or parts. It is estimated these private companies generated approximately $1.2 billion per annum.

-Gun dealers foster political uncertainty to boost sales as illustrated by the following comment by Rick Gray, owner of Accuracy Gun Shop in Las Vegas: “Clinton was the best gun salesman the gun manufacturers ever had. Obama’s going to be right up there with him.”, International Herald Tribune; November 8, 2008. Fear-mongering of Democratic candidates, including the scary African-American president, creates political advantage for the Republican candidates and increases profits for gun manufacturers. Using race to divided the country only increases uncertainty and fear, driving up sales. Is it any wonder Republican- and some Democratic-congresspersons not only refuse to regulate gun and armament  manufacturing and sales; but,also support shadow corporate welfare within defense spending bills?

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