goosehunter Posted May 9, 2021 Report Share Posted May 9, 2021 Did a search on this and did not find any results. Sorry if it has been covered, please point me to the discussion. With the current administrations view on firearms, is the NFA community concerned about their investments? The administration has openly stated an expansion of the NFA to include semi-auto and mags 11+. Has anyone heard about a restriction to currently licensed firearms? Looking to invest in more NFA firearms for enjoyment, but it would really hurt to have a confiscation of a multi-thousand dollar item. Thank you for any input. BG Quote Link to comment Share on other sites More sharing options...
taylorwso Posted May 9, 2021 Report Share Posted May 9, 2021 no one knows all speculation Quote Link to comment Share on other sites More sharing options...
Kevin Bartlett Posted May 9, 2021 Report Share Posted May 9, 2021 Don't spend a dime on NFA or anything else unless you are willing to lose that money. I just went under contract yesterday on another piece of overpriced acreage just to have it. I may never see a dime of profit from it. Or maybe my land will be seized and redistributed to those who presumably deserve it more than I. Or maybe that Chinese rocket booster will fall on my head and kill me. Has that thing crashed yet anyway? Think about it but not so much that your head explodes. As said above, it's all speculation. Good luck, Kevin in NC 1 Quote Link to comment Share on other sites More sharing options...
goosehunter Posted May 9, 2021 Author Report Share Posted May 9, 2021 37 minutes ago, taylorwso said: no one knows all speculation Understand, but it is hard to see/read all info from an administration. Hence the question, has anyone seen/read info on this topic from the current admin? Quote Link to comment Share on other sites More sharing options...
Mojopin Posted May 9, 2021 Report Share Posted May 9, 2021 (edited) I mean if you listen to them they want to add more stuff to the NFA, literally a national registry, with "burdensome," paperwork and expensive stamps for purchasing and selling. I think they would be thrilled to know who, what and where every firearm declared a NFA item is and who would have it. In addition they want to increase the NFA stamps price and tie it to inflation. Edited May 9, 2021 by Mojopin Quote Link to comment Share on other sites More sharing options...
rhouston8 Posted May 13, 2021 Report Share Posted May 13, 2021 i think that at least on a federal level you have a 35 yr track history (1986- present) to base your decision on. I think you'll be fine w NFA ...federally . State wise...highly dependent of course...ask those in Kali or DC or whatnot. State restrictions is a bigger concern than federal for me at least. Quote Link to comment Share on other sites More sharing options...
rob1 Posted May 24, 2021 Report Share Posted May 24, 2021 On 5/9/2021 at 8:20 PM, goosehunter said: Did a search on this and did not find any results. Sorry if it has been covered, please point me to the discussion. With the current administrations view on firearms, is the NFA community concerned about their investments? The administration has openly stated an expansion of the NFA to include semi-auto and mags 11+. Has anyone heard about a restriction to currently licensed firearms? Looking to invest in more NFA firearms for enjoyment, but it would really hurt to have a confiscation of a multi-thousand dollar item. Thank you for any input. BG Read up on the 5th amendment to the US Constitution and the takings clause. https://www.law.cornell.edu/wex/takings Buy whatever you want. Don’t be afraid of confiscation. The constitution protects Americans from governments actions to take personal property. Quote Link to comment Share on other sites More sharing options...
rob1 Posted May 24, 2021 Report Share Posted May 24, 2021 On 5/9/2021 at 9:30 PM, Kevin Bartlett said: Don't spend a dime on NFA or anything else unless you are willing to lose that money. I just went under contract yesterday on another piece of overpriced acreage just to have it. I may never see a dime of profit from it. Or maybe my land will be seized and redistributed to those who presumably deserve it more than I. Or maybe that Chinese rocket booster will fall on my head and kill me. Has that thing crashed yet anyway? Think about it but not so much that your head explodes. As said above, it's all speculation. Good luck, Kevin in NC Don’t live in fear Kevin. Buy what you want guns, land, etc. 1 Quote Link to comment Share on other sites More sharing options...
United Surplus Arms Posted May 24, 2021 Report Share Posted May 24, 2021 (edited) 2 hours ago, rob1 said: Read up on the 5th amendment to the US Constitution and the takings clause. https://www.law.cornell.edu/wex/takings Buy whatever you want. Don’t be afraid of confiscation. The constitution protects Americans from governments actions to take personal property. Not so sure about that. This article states a different opinion which is closely related to the issue at question. It is something to think about. https://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=3833&context=lcp Edited May 24, 2021 by shiklg Quote Link to comment Share on other sites More sharing options...
goosehunter Posted May 25, 2021 Author Report Share Posted May 25, 2021 5 hours ago, rob1 said: Read up on the 5th amendment to the US Constitution and the takings clause. https://www.law.cornell.edu/wex/takings Buy whatever you want. Don’t be afraid of confiscation. The constitution protects Americans from governments actions to take personal property. 2 hours ago, shiklg said: Not so sure about that. This article states a different opinion which is closely related to the issue at question. It is something to think about. https://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=3833&context=lcp Again, this is the reason for posing the question. Our constitutional rights are up to an opinion of a small court. As the two articles above illustrate, which way is the wind blowing today? Quote Link to comment Share on other sites More sharing options...
Schmeisser Guy Posted May 25, 2021 Report Share Posted May 25, 2021 Well, I wouldn't buy ANY NFA as an investment. Buy it because you like it. That's it. Don't worry about the what ifs you can't change anyway. It is strictly an investment in fun. If money is your prime motivator then buy something "safer". 1 Quote Link to comment Share on other sites More sharing options...
Ryo Posted May 25, 2021 Report Share Posted May 25, 2021 I've been investing in it for enjoyment as well. I figured that prices will typically remain close to what I paid for and if it goes up then it is a bonus. So far they have been doing both.. outstripping inflation. WINNING. Quote Link to comment Share on other sites More sharing options...
rob1 Posted May 25, 2021 Report Share Posted May 25, 2021 13 hours ago, goosehunter said: Again, this is the reason for posing the question. Our constitutional rights are up to an opinion of a small court. As the two articles above illustrate, which way is the wind blowing today? Do not believe Americans Constitutional rights are up to the opinion of a small court. Read these: https://reason.com/volokh/2020/04/08/the-federal-governments-police-power-and-the-takings-clause-part-iii/ and https://reason.com/volokh/2020/04/09/the-federal-governments-police-power-and-the-takings-clause-part-iv/ Buy whatever you want. Quote Link to comment Share on other sites More sharing options...
MontanaRenegade86 Posted May 25, 2021 Report Share Posted May 25, 2021 I'm not worried. Quote Link to comment Share on other sites More sharing options...
M1919a6 Posted July 9, 2021 Report Share Posted July 9, 2021 You don’t have to worry about confiscation. let’s say they attempted it. Immediately everyone knows via social media, news, TV etc. Everyone hides it, claims they destroyed it, boating accident, robbery etc. Now they have to force it. NATO says 350 to 450 million firearms in the US. Soooooo forced confiscation at 1,000,000 per year would take them 350-450 years to accomplish. No way, not gonna happen. I don’t think NFA is what they would go after first anyway. They can’t lock us all up, no prisons big enough. What department would carry this out? Police departments are too busy with real crime to screw around with us. So, who would actually carry it out? TSA? Lol. The money, manpower, logistics and time kills the idea of confiscation. They can stop transfers or raise the tax, then your stuck with your stuff. Just my thoughts. The number is the problem. 350,000,000 - 450,000,000 Quote Link to comment Share on other sites More sharing options...
KickStand Posted July 10, 2021 Report Share Posted July 10, 2021 I often think about this very topic; therefore, I personally think if the Gov/atf wants to really hurt the NFA MG market, they could simply increase the $200 tax stamp to the current inflation from 1934. That would be approximately 4K per tax stamp. That would severely hurt The market. It would kill the suppressor industry. Who knows maybe, just maybe they’ll remove suppressors from the nfa (highly doubt it though). They could also target Trusts and Corporations. I’m waiting for a trustee to use one in a crime (I hope that doesn’t happen but when you have one item that any trustee can take somewhere, something bad will eventually will happen). Trusts are the cats meow but I think they’ll end up causing problems. Corps, would be less likely but they could go after them as well. Who really knows but I know one Thing, if a transferable is ever used is a mass shooting, they’ll be GONE. Quote Link to comment Share on other sites More sharing options...
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