The very last thing we need is more guns in circulation:
Another sharp increase in demand for firearms amid the COVID-19 pandemic and national political tension enabled Sturm, Ruger & Co. to post Wednesday a nearly fivefold hike in third-quarter net income to $24.75 million. The report was a near repeat of Ruger's second-quarter performance, which yielded a threefold profit hike to $18.6 million.
By comparison, net income a year ago was $4.82 million. The third-quarter 2020 profit was offset somewhat by Ruger paying $8.1 million in income taxes, up from $1.5 million a year ago.
That's nearly a six-fold increase in gun sales in one year. This likely has more to do with the social unrest attributed to police killings of black people than the virus itself, but don't write off the quarantine mentality completely. Curbing social interaction has a psychological toll we simply can't predict, but it's definitely not good. We talk about mass shootings in schools and other public venues as the major threat to American children. But 3 out of 4 of them are killed at home: