glove
Member
The world would be a much nicer place.
It actually was because the ATF did not recognize revocable living trusts as a valid entity for purchasing NFA items until a ruling about 15 years ago. That left two options, a corporation purchase or CLEO signature. Most CLEOs back then would deny machine gun purchases."I mean, honestly, the NFA wasn't that big a hindrance to machine gun ownership in the later years before the Hughes amendment, yet not that many people bothered."
That's back when Fudds roamed the Earth and AR15s were very expensive compared to other options. But on that note, without the NFA/GCA/AWB, we'd probably all still be complacent Fudds ourselves, ready to endorse restrictions for "common sense." There's a reason those laws passed in the first place.
TCB
It actually was because the ATF did not recognize revocable living trusts as a valid entity for purchasing NFA items until a ruling about 15 years ago. That left two options, a corporation purchase or CLEO signature. Most CLEOs back then would deny machine gun purchases.
Less than 100,000 transferable machine guns are in private hands. The other 85,000 or so belong to police departments in non-NFA states and museums.
Weapons grade bull. The tax was enormous (thousands, adjusted for inflation), approaching the cost of the guns thenselves, and was clearly passed out of fear of the Bonus Army protests by servicemen wielding service weaponry, but passed off as a response to wildly-exaggerated "gangland" violence --notably the St. Valentines day massacre (which was probably committed by crooked cops, not "gangsters dressed as cops," which even in light of today's Mexico Americans have trouble accepting). The Act was targetted at all concealable arms, pistols especially, but this was a bridge too far and (most) of the language was removed (hence the moronic remainder short barrel vestiges)The 1934 GCA was a effort to raise $$$ for some government programs. It was/ is a way to get more money.
hahaha!Someone would have necked up .50 BMG to .75 WTH and it would be awesome.
The 1934 GCA was a effort to raise $$$ for some government programs. It was/ is a way to get more money. Later it morphed into gun restrictions and in 1968 it got worse.
The 1934 tax was iniciated [SIC] to encourage regular people not to have fully automatic weapons. In 1934, $500 was a lot of money for a regular person who probably was lucky to make $50 a week.
My numbers do add up. We have under 100,000 transferables in private hands out of a total of 174,000-183,000. The other transferables belong to law enforcement agencies and museums. Pre-86, CLEOs were much less informed of NFA laws than today and denials were a very serious issue.Very cheap and easy to create an LLC or S corp. Trusts are just preferred for tax reasons.
As for the "most CLEOs would deny" comment, well..........that seems speculative at best. I'd say the reason there are relatively few of them on the market is the same reason most people never realize many of their goals; laziness. If it proves to be any more onerous than the individual initially expected, they simply abandon.
And to be honest, I'd have a lot more NFA stuff if it weren't for the wait. Though I don't like them, the paperwork, the registry and the $200 aren't the aspect I find unpalatable.
Last I checked it's 174,000. Still not enough, of course.
There'd be a lot less people in prison for arbitrary legal violations which impacted nobody.
It would be a wicked subsonic round!Someone would have necked up .50 BMG to .75 WTH and it would be awesome.