Whether its because they’re based in a liberal bastion or bending to political pressure, next gen companies are increasingly adopting gun-unfriendly policies.
A few years ago, GE (GE Capitol) stopped providing 90-day same as cash financing for firearms sales. Marisa at RAM Arms in Durham said that the change forced them to choose between loan shark-like credit companies and offering layaway only. RAM Arms chose layaway.
Most credit card companies won’t underwrite a firearms business. Gun stores, gun ranges and firearms instructors are considered high-risk.
Some gun stores and manufacturers have turned to next-generation funding sources like Coinbase, a bitcoin processor, to help run their businesses. Now, Coinbase has authored a policy that prevents them from dealing with firearms companies. Their excuse? The regulatory environment… seriously? Is bitcoin regulated … at all?
Payment isn’t the only way next-gen businesses are attacking gun rights. Even after a gun-carrying Uber driver saved the lives of several people, Uber has decided to initiate a policy preventing drivers or passengers from carrying firearms. If you carry, take a cab because competing ride service Lyft has had a similar policy in place for some time..
None of the changes make sense. They aren’t driven by changes in federal law or regulation. They aren’t centered in logic. More-than-likely, these actions are the result of pressure from Bloomberg’s “Moms against everything” groups and inaccurate reporting in the mainstream media.Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!