Venture capitalist John MacIntosh proposes that a group of rich liberals purchase Freedom Group, the largest gun manufacturer in the United States, then systematically destroy it. Cerberus Capitol Management is selling its state in Freedom Group after the California State Teachers’ Retirement System (CalSTRS) put pressure on Cerberus to divest. The Freedom Group is one of the largest manufacturers in the world of firearms and ammunition, with some of the most globally recognized brands including Remington®, Bushmaster® Firearms, DPMS/Panther Arms™, Marlin®, H&R®, The Parker Gun™, Mountain Khakis®, Advanced Armament Corp. ®, Dakota Arms®, Para™ USA and Barnes® Bullets.
The good news is that his plan would cost the Bloomberg’s and Soros’ he imagines investing hundreds of millions of dollars. The other great part of the plan is that as nature (and markets) abhor a vacuum, there will be an opportunity for others to swoop in and take Freedom Group’s place in the market. It’s really a win/win – liberal billionaires lose millions and new market opportunities open up for entrepreneurs with a less ideological slant.
Of course those people didn’t get to be billionaires by deliberately trying to lose money, so it’s really just another liberal fantasy…