Houston Bans ‘Ghost Guns’ From Buyback Events After Man Found Opportunity to Print Money
4th August 2022
Houston city officials banned 3D-printed firearms at future gun buyback events after one man recognized an opportunity to exploit the system and print money.
The anonymous man told local news Fox 26 that he made 62 3D-printed guns and handed them over in Houston’s first gun buyback event last weekend. He said the city offered him $50 per gun, cutting him a check for $3,100.
The man said the cost of production per gun was $3, netting a profit of $47 per weapon. He said, “the goal was not personal profit, but to send [Houston leaders] a message about spending $1 million tax dollars on something that has no evidence of any effect on crime…”
He added another goal: to make the city “pay fair prices [at gun buyback events], use private donations rather than tax dollars, and don’t destroy historic guns.”
You always get more of what you pay for. Markets work even when you don’t expect them to.