Reducing the Stock of Unwanted Guns—Insurance, Buyback and Amnesty

In a new article “Living on the Edge (of Austrailian Cities: Is Gun Amnesty Effective?” by Isabella Kwai, Adam Baidawi and Tacey Rychter, the New York Times questioned the usefulness of a new three month program to recover illegal guns in that country.

A 2002 buyback program in Australia is widely acknowledged to have removed most of the semi-automatic guns from private stocks, officially counting 659,940 newly prohibited weapons.  The Times article recognizes this program, pointing out that “the current rate of homicides involving guns in the United States is 23 times higher than it is in Australia” and that “Australia has not had a mass shooting since Port Arthur.”  Port Arthur was a very serious mass shooting that initiated the movement to adopt Australia prohibitions and the buyback program.  The buyback was a large program for a country of Australia’s size; and this amnesty will, no doubt, yield a much smaller reduction in the stock of illegal firearms.  But amnesty and other uncompensated programs are inexpensive and can be repeated over time.  The article linked above counts 219,721 additional firearms in uncompensated programs since the buyback.  This is a substantial reduction.

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