gun violence control through mandatory liability insurance and taxation - from Forbes

[Dog Gone at Penigma]

64. So, you claim to know what an entire magazine wants? Or are you just mindreading the author?

The topic of shooting costs to the economy and using economic measures like taxation and insurance to regulate the problem is not unique to Forbes. Trying to blow this off because it comes from Forbes. or from any other source that is financial or economic in area of expertise is foolish.

There are real economic costs to guns, and they are enormous - the CDC has tracked them. I would put it to you that the 2nd Amendment is colliding with the commerce clause of the Constitution in the area of gun control.

Here is another article about that:

The impact of gun deaths and injuries go well beyond heartbreak to include billions of dollars of losses to the economy. The cost of U.S. gun violence in work lost, medical care, insurance, criminal-justice expenses and pain and suffering amounted to as much as $174 billion in 2010, according to data compiled by the Pacific Institute for Research and Evaluation in Calverton, Maryland.

The nonprofit organization provides cost estimates of illnesses and injuries for the U.S. Centers for Disease Control and Prevention, the U.S. Transportation Department and industry associations, said economist Ted Miller, the group’s principal research scientist.
Columbine Massacre

The institute placed the cost of gun violence as higher than the total for U.S. alcohol-related automobile crashes, which was calculated at $129.7 billion in a 2006 study conducted for the road-construction industry, he said.

The societal cost of just one gun homicide averages $5 million, according to the institute. That includes $1.6 million in lost work; $29,000 in medical care; $11,000 on surviving families’ mental-health treatment; $397,000 in criminal-justice, incarceration and police expenses; $9,000 in employer losses; and $3 million in pain, suffering and lost quality of life.