VIC GUN BUYBACK EXPOSED: $886M for a 1 Percent Return

In this episode, we break down a new economic report that reveals the proposed Victorian gun buyback scheme will return less than one cent in benefits for every dollar spent. We examine the cost-benefit analysis commissioned by Shooters Union Australia that shows taxpayers will spend $886 million for a benefit-to-cost ratio of just 0.28 to 0.34. The report found no statistical evidence that reducing legally owned firearms prevents mass shootings or reduces firearm homicides. It will impact over 200,000 licensed shooters who will lose their firearms, the $120 million in lost business activity affecting gun shops and related businesses, and the $137 million in administrative costs. We also look at what the 1996 Port Arthur buyback data actually shows and why this policy will remove firearms from legal owners while doing nothing to address illegal firearms smuggled through Australian ports. With Victoria's election in November, we believe taxpayers deserve to know what they're getting for their money. #GunNewsAustralia #VictorianElection #GunBuyback #CostBenefitAnalysis #FirearmPolicy #AustralianPolitics #ShootersUnion #VictorianGunLaws