I’ve been diligently working on a comprehensive and strategic approach to passing effective gun control legislation, specifically targeting universal background checks at gun fairs. Despite reaching out to Senator Chuck Schumer, Congressman Anthony D’Esposito, and the White House, I have yet to receive a response. I am writing to you because I believe your leadership and influence can help bring this crucial initiative to fruition.
A Win-Win Solution to Gun Control
The core of my proposal lies in addressing and anticipating the concerns of Republican House members and their influential partners, including the NRA and associated lobbying groups. By understanding and leveraging their motivations, I have devised a solution that benefits all parties involved.
The Proposal
- Formation of an Advisory Committee:
- This committee would include CFOs from major gun manufacturers, investing/financial analysts, economists, public safety advocates, and legal experts on gun control legislation.
- The committee’s primary task would be to quantify the financial impact of implementing universal background checks at gun fairs. This includes potential revenue losses, upfront costs, and ongoing expenses related to technology, staff, and execution.
- Strategic Financial Investment:
- Based on the committee’s findings, Congress would allocate funds for purchasing preferred stock in major gun manufacturers at a 20% premium to the quantified financial impact, distributed according to market share.
- This investment would incentivize gun manufacturers by providing immediate financial benefits and long-term gains through stock price appreciation and dividend payments.
- Buyback and Holding Period:
- The US government commits to holding these shares for ten years, during which time the manufacturers can benefit from reduced liquidity in their float and a positive stock price influence.
- Manufacturers have the option to buy back their shares at any time at a 20% premium. If held for ten years, the government will sell the shares at 20% below the stock price, ensuring a guaranteed gain for the manufacturers.
- Promotion and Lobbying:
- The advisory committee will work closely with gun manufacturers and their lobbyists to advocate for the enactment of universal background checks at gun fairs.
- Regular progress reports will be submitted to Congress to ensure transparency and accountability.
Breaking Through Opposition
This approach not only anticipates the primary reasons for opposition from Republican House members and their influential partners but also ensures that the solution is mutually beneficial. The financial structure of the proposal offers a win-win scenario, providing economic incentives for gun manufacturers while promoting public safety through stricter background checks.