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More Problems For Crony Capitalist SC Gun Company

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PTR OWES TAXPAYERS BIG BUCKS …

|| By FITSNEWS || It’s been two years since Connecticut-based gun manufacturer PTR relocated to South Carolina (coaxed by taxpayer-funded “incentives,” of courses).  In fact it was S.C. governor Nikki Haley‘s “personal touch” credited with sealing the deal.

We supported PTR’s decision to leave Connecticut … although we opposed (as we consistently have) the use of taxpayer subsidies to lure them here.

Anyway it’s been a rocky ride for PTR.

First there were the company’s unfulfilled jobs promises, and more recently an Horry County, S.C. councilman employed by PTR committed suicide at the company’s Aynor, S.C. facility.

The latest bad news?

According to The (Myrtle Beach, S.C.) Sun News, PTR currently “owes Horry County more than $73,000 in overdue rent.”

“We’ve come to a point in time where we’ve actually put them on notice that we’re looking at exercising our rights under the lease agreement to recover those arrearages,” a county attorney told the paper.

Um …

First of all, government shouldn’t be in the landlord business any more than it should be in the “economic development” business.  Neither is a core function of government.  More to the point, though: What’s wrong with this company?

Isn’t the gun business booming?

Yes. Checks of the Federal Bureau of Investigation (FBI)’s background check database hit an all-time high of 1.58 million in May – reflecting strong consumer demand.  In fact annual background checks have nearly tripled over the last decade – from 8.95 million in 2005 to more than 21 million last year.

We’ve said it before and we’ll say it again: Government has no business using tax money to pick winners and losers in the marketplace.

Win or lose … it’s simply not fair to the people forced to front the money.

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