How long before demonizing gun companies will no longer be politically smart?
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Will gun control soon be mentioned or proposed as infrequently as the Windfall Profits Tax (WPT)?
During George W. Bush’s presidency, Democrat Senators pushed a WPT because of the profits of ExxonMobil, Chevron, British Petroleum, and others. Then they realized that those profits had made oil company stocks a staple in 401Ks, mutual funds, and various retirement portfolios.
Talk of a WPT faded away.
During the most recent two years of Barack Obama’s presidency, gun control has been the cause Democrat Senators have rallied around – only to find a similar situation: stocks from gun companies like Sturm, Ruger & Co., and Smith & Wesson are increasingly held by mutual funds, chosen as stocks in retirement plans, and held in other investment configurations.