Tuesday, October 23, 2012
Social Impact Bonds (and guns)
Last year 102 were killed by gunfire in the state. I propose that the State sell Social Impact Bonds. These are so new you have probably never heard of them. The way it works is this. Each Pistol Permit holder is invited (not compelled) to buy a $600 bond which will pay off with $3,600 the first year that Connecticut gun homicides are down to 50. The bonds not taken up will then be sold to all comers. The idea is to create a group of people who will get paid $500 million if they can get sensible gun legislation that actually works passed, whether it be in Maine, New Hampshire or wherever there are needlessly lax gun laws which allow guns to fall into the hands of criminals. Everyone wins, including the state. Remember all this gun violence costs you $600 per year, getting it down by 50% is a good start.
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