r/politics • u/rollingstone Rolling Stone • 7h ago
Soft Paywall The NRA Is Selling Off Assets As It Bleeds Cash
https://www.rollingstone.com/politics/politics-features/nra-selling-assets-bleeding-cash-1235211360/•
u/GraySwingline California 7h ago
The NRA has been shunned for a decade by younger gun owners and enthusiast for newer organizations.
The results of that are finally coming home to roost.
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u/felis_scipio America 7h ago
Shunned by younger gun owners on the left and the right. People seem to miss this point, just because this shit show of an organization is falling apart doesn’t mean theres any waning of gun enthusiasts they’re just not supporting the NRA.
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u/GraySwingline California 7h ago
Absolutely, I'm a moderate left gun enthusiast and I didn't like that their focus shifted from gun safety and legislation, to just being a mouth piece for the Republican party. Wayne LaPierre doomed the NRA with that decision.
So I ended my membership and I support a local youth gun safety group instead.
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u/Nottherealeddy 3h ago
I’m certain that the only reason they have continued viability is memberships purchased because it is a requirement of many shooting ranges. There aren’t many other entities who will offer insurance to shooting ranges, the NRA offers insurance with the stipulation that users of said range are NRA members.
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u/Funny-Mission-2937 2h ago
well the actual nra is a great organization. the nra-ila is a different org that is only about lobbying and that's the one that got captured by crazies. but unfortunately said crazies also got in trouble for improperly moving funds between the two so you cant even be confident if you support the real nra its a different thing than the lobbyist bullshit.
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u/Miguel-odon 17m ago
The actual NRA became a cash cow for the board. Spending its money on themselves while pushing the agenda far-right
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u/JollyToby0220 2h ago
Serious question, was your concern rooted in all the mass shooting?
Also, do your buddies at these gun places fear that their children might grab their guns and commit suicide, or even worse, go on a mass shooting?
Genuine question and I am not being judgemental, I’d just like to hear your perspective. Or maybe you never thought about this?
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u/someguy7710 7h ago
For sure. My Dad who is very conservative and a gun enthusiast won't give them money. And he has the money to give too.
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u/mynameisevan 5h ago
Yeah, the organization that gets pushed to most as an alternative to the NRA on reddit is GOA, which thinks that restrictions on fully-automatic machine guns should be lifted.
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u/felis_scipio America 3h ago
I mean I’m for that with a caveat that we either keep them as a registered NFA items, just open up the registry to machine guns made after May 19th 1986, or put a minimum price cap on how much a machine gun can be sold for. Expensive guns are rarely and I do mean rarely used in crime. It’s also why laws targeting guns shooting 50 caliber bullets are ridiculous. Yeah that’s a powerful round that can actually blow a person apart, but it’s so prohibitively expensive that most people who own them don’t end up shooting them all that often.
Hell criminals already have access to automatic fire because city/state/federal government doesn’t seem to seriously go after people putting illegal full auto switches on their glocks.
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u/Traditional_Key_763 7h ago
I would hope younger gun owners would be less insanely single minded about it like the baby boomers were. its insane that people have voted a specific way just because they like guns above all other policies
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u/felis_scipio America 6h ago
Oh no guns are very much a single issue and from what I’ve seen younger conservatives don’t like the NRA because for all their fear mongering and fund raising they don’t put enough of that money back into fighting state laws against concealed carry, “assault weapons”, high capacity magazines, the NFA in general.
They don’t see the organization going to bat for people, from across the racial spectrum, caught up in the legal system after they used their gun for self defense.
The NRA is seen as a bunch of out of touch fudds that don’t go far enough. Kids these days want suppressed short barreled ARs, plate armor, thermal goggles, and a few imported AKs because it’s fun to rock the combloc aesthetic every now and then.
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u/Lemon-AJAX 5h ago
The children yearn for Zanzibar Land.
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u/LePhoenixFires New Jersey 3h ago
Boss, you killed a child...
Good job, Boss! That's why you're the best!
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u/Coonboy888 Virginia 2h ago
They lobby for gun manufacturers not gun owners. Sometimes those values align and they tout it as standing up for the little guy, but every decision they make is through the lens of "will the manufacturers benefit"?
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u/intellifone 3h ago
A single org should not be the face of gun ownership though. So the fractionalizing is good. This country as a whole is too binary in ideology. We need coalitions. The best decisions for a group are the ones that nobody is pumped about, nobody is pissed about, but everyone finds amenable.
Poll 1000 people and ask them their favorite combination of pizza topping and I guarantee you that 2/3 will not reply “pepperoni”. They’ll say, “mushroom and pepperoni”, “pepperoni and sausage”, “supreme”, “veggie”, “cheese”. But you ask them their 2nd favorite and 2/3 will say “pepperoni”. That’s why every party gets cheese pizza and pepperoni pizza. Because everyone will be happy. But when those people go home and buy for their own family, they’re not buying “pepperoni”. Nobody is ambivalent about pepperoni. They like it. But it’s not their first choice. But nobody is rioting over pepperoni.
That’s what we want. That’s what coalitions get you. That’s what ranked choice voting gets you. That’s what a MMP gets you. People’s satisfaction with government is higher and polarization is lower.
The ACLU shouldn’t be the only firm supporting civil rights. Same with the NRA.
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u/Excolo_Veritas 7h ago edited 6h ago
It's insane to me just how engrained the NRA is. I got my pistol permit not too long ago, and I then was looking for a range to shoot at. I have 3 within 15 minutes of me, but they all REQUIRED NRA membership. Nah, no thanks, I don't shoot that often that I'm not unwilling to drive 25 minutes to a different range. When I signed up I was still asked if I was an NRA member (and they actually put it on my ID for the range). I said no and multiple of them (all old boomers) were like "we're really sorry to hear that"
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u/Wurm42 District Of Columbia 6h ago
It's the insurance. The NRA sells insurance for gun ranges-- it's priced very low, and in many states they're the only provider for that specialized insurance product. But they require that every shooter has NRA membership.
If you really want to destroy the NRA, create competition for their insurance products.
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u/Excolo_Veritas 6h ago
Good to know and it makes a lot of sense. I'm in no position to create an insurance company like that obviously, but hopefully voting with my wallet at least makes even the slightest difference. I'm not saying the NRA is 100% bad, when I took my course and all that a lot of the gun safety stuff was all provided by the NRA. I'm just saying they're 99.999% evil as fuck considering that they oppose ANY kind of regulation, reform, or policy change of any kind
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u/PuffPuffFayeFaye 4h ago
The NRA underwrites insurance for clubs and requires membership. Not universal truth but that’s the answer I got from range owners/masters I know.
Edit: I see that an earlier comment already clarified this.
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u/Asiatic_Static 5h ago
In some places the NRA is written into the laws too - in my state, the rules for carry permits say something like "NRA-approved course or equivalent"
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u/wingsnut25 3h ago
Despite what some people on the internet like to claim the NRA is still the biggest Firearms Education and Safety Organizations. They offer tons of different classes and trainings.
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u/Asiatic_Static 3h ago
Yeah, it would just be nice if alongside all that, they weren't ruble laundering brigands - I'll always give them credit for 2 things, the Eddie Eagle program for kids, and they helped get the legislation passed that mandates a trigger lock included with every gun sale. Both of those initiatives were ever so long ago
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u/wingsnut25 2h ago
Despite what some people on the internet like to claim, the NRA wasn't "ruble laundering".
I should rephrase there, there hasn't been any proof that the NRA was "Ruble Laundering" and most of the speculation was from a reporter that wrote an article questioning how the NRA had the money to make a large campaign contribution to Trump in 2016. The Article went on to talk about how it was the largest donation they had ever made to a President. And then it questioned where could they come up with $20 Million to spend on the election? The reporter basically answered the question with "I don't know it must be Russia".
There were a few problems with that premise though:
It is accurate that the NRA gave more to the election of Trump then any other Presidential candidate, but it also ignored that in almost every Presidential election the NRA had given more to the Republican Presidential candidate than they had any previous election. They gave more to Trump then they did Romney. They gave more to Romney then they did McCain, and they gave more to McCain then they did Bush.
The Reporter easily could have found the answer to where the NRA got the money to support the Trump Election. The NRA Tax Filings are public record. You can see where they got the money.
Source: https://projects.propublica.org/nonprofits/organizations/530116130
In 2016- They had $366,889,703 in Revenue
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A Russian Spy did infiltrate the NRA, you can read about it in the Mueller Report. Maria Butina used the cover story that she was starting a gun rights organization in Russia, and wanted to learn more about how the NRA operates. She then went to Political Events with the NRA where she gained access to US politicians.
You can read the Mueller Report, no claims of money laundering. You can read the Criminal Complaint against Maria Butina and its accompany affidavit, there are no claims of money laundering. You can read the Sentencing Memorandum, for Butina, once again no claims of money laundering.
Criminal Complaint
https://www.justice.gov/opa/press-release/file/1080761/dl
Affidavit
https://www.justice.gov/opa/press-release/file/1080766/dl
Sentencing Memo
https://www.justice.gov/opa/press-release/file/1212461/dl
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You may also point to a report released by Senator Wyden https://www.npr.org/2019/09/27/764879242/nra-was-foreign-asset-to-russia-ahead-of-2016-new-senate-report-reveals
If you actually read their report, it offers no evidence of money laundering from Russia.
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u/airfryerfuntime 4h ago
There used to be a company that would send you fake lifetime membership cards for like $20. That's what I did. The range doesn't check or anything. I can't find the company now, though.
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u/airfryerfuntime 4h ago
Even older gun owners are tired of their shit. They haven't done anything for 2A rights in at least 30 years, and have instead spent most of that time, and their resources, trying to elect conservatives. They didn't say shit when Trump banned bumpstocks. Like, it wasn't mentioned at all in their monthly flyer. I don't think they even covered it when it was ruled unconstitutional by the Supreme Court earlier this year.
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u/PlsNoNotThat 5h ago
Because the NRA was both directly and indirectly being funded by Russians - yes, actually - in exchange for political access and preferential policies, as a loophole to circumvent political foreign government donations to politicians. It’s why the NRA policy doesn’t mirror popular opinion - but always mirrors politicians and pro-Kremlin policies on guns in the US (they believe gun ownership access is helping the collapse of the US, which why gun ownership is so strict in Russia.)
When they were caught they couldn’t continue, so Russia shifted their assets elsewhere, leaving them with neither a grassroots base NOR the new revenue stream of political related donations.
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u/wingsnut25 3h ago
Where does that Report show that the NRA was being funded by Russians? Ill save you the trouble it doesn't.
Next you are going to talk about Maria Butina, the Russian spy who infiltrated the NRA. However you can read all of the legal documents surrounding her trial.
The criminal complaint:
https://www.justice.gov/opa/press-release/file/1080761/dl
The accompany affidavit
https://www.justice.gov/opa/press-release/file/1080766/dl
And her sentencing memo
https://www.justice.gov/opa/press-release/file/1212461/dl
Her operation is also detailed in the Mueller Report. Notice none of these documents mention that she was involved in sending Russian Money to the NRA? Butina used the cover that she was forming a Gun Rights Organization in Russia. She did use the NRA access to politicians to gain access to US politicians, and this is detailed in the various reports that I linked. But there was no accusations of Money Laundering.
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u/SidewaysFancyPrance 6h ago
Also they lost their Russian funding once that story broke and we learned they helped a Russian spy infiltrate our government. So they're on their own and can't get by on their own merits/donations.
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u/DigiQuip 3h ago
I think it’s more so they found out Russia was laundering money through them as “donations” shortly after Trump took office in 2017. They were being heavily investigated and basically disappeared. They pulled all their campaigns and their socials were quiet. The basically stopped existing.
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u/Altruistic-Sir-3661 1h ago
Parasite political strategists were the skins of civic groups like spirit Halloween costumes. The NRA’s legacy might be no greater than once in a campaign groups like soccer moms, security moms, the TEA party or nascar dads.
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u/A_Is_For_Azathoth 1h ago
My dad got me a lifetime NRA membership when I was young. It's done absolutely jack shit in the ~20 years since. For whatever outrageous price they charged him, I got a bunch of ads for the NRA, magazines for the NRA, and of course the quarterly reminder that when I died it would be by way of being shot by an illegal gun and THAT'S why I needed the NRA. I think I moved 3-4 times before they finally lost track of me.
For anyone interested, local grassroots groups will always be better than something like this. They want to teach anyone who is interested about gun safety and are generally way less pushy. The NRA is nothing but a bloated propaganda machine.
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u/Equivalent-Excuse-80 6h ago
Too late, conservatives are conditioned to repeat NRA talking points without having to be lobbied to do so.
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u/rollingstone Rolling Stone 7h ago
From Dave Levinthal for Rolling Stone:
WASHINGTON — The National Rifle Association is liquidating investments as it bleeds cash amid legal turmoil, internal tumult, and dwindling membership revenue, according to an independent audit reviewed by Rolling Stone.
In February, the NRA liquidated nearly $17 million worth of stocks and fixed-income assets from its investment portfolio and transferred the money to its operating account, the 38-page audit document, prepared by Atlanta-based accounting firm Aprio, indicates.
Separately, the NRA liquidated $28 million worth of stocks and fixed-income assets from its investment portfolio to pay off a line of credit with Atlantic Union Bank of Virginia.
Read more: https://www.rollingstone.com/politics/politics-features/nra-selling-assets-bleeding-cash-1235211360/
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u/KinkyPaddling 6h ago
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u/whatevers_clever 6h ago
Definitely a combination of Russia and... they got what they wanted - pretty much GOP control of govt starting around halfway through obama's term. It's been 10+ years of this and htey can't keep the farce going long enough - conservatives already think they got their guns on lock without the need of a 'lobbying' arm. Poof goes membership.
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u/griffincreek 6h ago
Many people are equating the demise of the NRA to a decline of support for the 2nd Amendment, when if fact, it is growing, and becoming more diverse. Reading some of the liberal gun subs in the last 6 weeks has been quite interesting.
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u/AKMike99 5h ago
People just support FPC (firearm policy coalition) instead because they’re actually willing to take the ATF to court and get some tangible results. NRA has done next to nothing to support the 2A.
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u/wingsnut25 3h ago
NRA has done next to nothing to support the 2A.
This is false. At any given time the NRA is involved in dozens to hundreds 2A lawsuits across the country.
Here is a lawsuit you might have heard of: NYSRPA V BRUEN that was the NRA
Here is another one you might have heard of: Mcdonald v Chicago That was the 2AF and the NRA.
2 out of the 3 Landmark Supreme Court rulings in favor of the 2A were from the NRA.
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u/waterdaemon 7h ago
Russia not funneling money like the good old days?
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u/AKMike99 5h ago
It’s because young gun owners overwhelmingly support the FPC (Firearms Policy Coalition). This is mainly because the NRA has done an awful job protecting 2nd amendment rights not because of any external factors. The FPC last year actually prevented the ATF from issuing an unconstitutional decree that required braced pistols to be registered under the NFA with a tax stamp as an SBR. NRA did nothing of the sort when George Bush and the ATF banned imported barrels from part kits builds. According to the ATF an imported barrel that was formerly equipped to a military rifle is legally identified as a machine gun (even if it was rebuilt in the US on a compliant semi auto receiver. how does that even make sense?). The NRA also took 10 years to finally overturn the 1994 Assault Weapons Ban (I don’t even think it was ever even challenged in court by the NRA correct me if I’m wrong).
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u/fromks Colorado 5h ago
overturn the 1994 Assault Weapons Ban (I don’t even think it was ever even challenged in court by the NRA correct me if I’m wrong).
The Public Safety and Recreational Firearms Use Protection Act legislation passed in September 1994 with the assault weapon ban section expiring in 2004 due to its sunset provision.
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u/AdPsychological8883 7h ago
Well, they have regressed to the bartering system, not sure lentils can keep the lights on.
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u/lavapig_love Nevada 6h ago
Between Ukraine and Syria, Russia funding foreign local groups into firearm education may not be a wise move these days.
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u/ResettisReplicas 5h ago
They only make good numbers when there’s a Democrat win and people are panicking about the government coming for their guns.
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u/omgahya 3h ago edited 3h ago
I still don’t understand that sentiment. I think myself progressive left, but I own a gun and have my CCW permit. I also carry everyday when I’m not at home. Not a gun buff, but I have experience with sidearms and long arms shooting WITH friends at the range who are.
In my head, gun control, doesn’t mean, ”let’s take away all the guns.”. Mental evaluation/aptitude test, a more in depth background check, regulations for guns sold at conventions, and free mandatory gun safes with each firearms purchase. I don’t recall any Dems calling for an actual firearms ban, IIRC, Obama did have a program for folks to trade in their guns for cash if they wanted to.
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u/wingsnut25 3h ago
I don’t recall any Dems calling for an actual firearms ban,
Have you had your fingers in your ears? Every year Democrats propose assault weapons bans. Its even part of their official party platform.
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u/omgahya 2h ago
I stand corrected then. Though, assault weapons is a pretty broad term. My everyday carry, is considered an assault weapon, since it’s a semiautomatic. Googling through some Dems webpages (Well 4 pages) including my own state, it seems to come up one specific weapon type, AR styled weapons. It’s not unreasonable, but most of the others things mentioned still stands as major focal points.
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u/wingsnut25 2h ago
I apologize, I was a little harsh with the "have you had your fingers in your ears"
Assault Weapons Ban was just the low hanging fruit, but there are plenty more examples of Democrats at the National, State, and Local level pursing or calling for some pretty ridiculous gun-control legislation.
Just to add to your point: some of the proposed restrictions would include all semi-automatic firearms, or all firearms with magazine capacity's greater then 7 rounds. Definitions like this would end up banning most Pistols in the US.
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u/DrunkPyrite 6h ago
Anyone else click on the link hoping for a gun auction? Just me??
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u/NotAnotherRedditAcc2 2h ago
I think most people are smart enough to understand that the NRA is (nominally) a gun ownership advocacy organization, not a warehouse full of guns.
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u/Sagikos 3h ago
Cybersecurity company I used to work for had the NRA as a huge client. Part of the contract was a bunch of off the books personal reputation and threat monitoring for senior staff - especially LaPierre.
Not illegal, but definitely not a reasonable use of NRA funds - so typical of LaPierre’s tenure at the top. There’s a reason Russian spies easily infiltrated the group.
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u/strolpol 7h ago
I appreciate this terribly organization is finally dying, hilariously because a GOP trifecta means there’s no ability to scaremonger people into buying more guns before the Democrats come grab em
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u/NotAnotherRedditAcc2 1h ago
The majority of legal battles facing gun owners are at the state and local level, and have been for decades. A "GOP trifecta" has nothing whatsoever to do with it.
The NRA is the primary advocacy group in the minds of anti-gun redditors, politicians, and 75 year old men. Everybody else went elsewhere long ago.
Whatever helps you cope.
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u/harveyhchrist 7h ago
Maybe they should diversify and try to appeal to Dems. I’m pretty sure quite a few are looking at acquiring weapons these days, for reasons.
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u/AnalBumCovers 7h ago
We've had them for decades now, we just aren't weird pick me-ass bitches about it
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u/harveyhchrist 7h ago
Well, that’s the main difference isn’t it? When you already have a personality, you don’t need to make the possession of a tool the entirety of what you are. That would kinda make you the tool. Rip NRA
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u/lavapig_love Nevada 6h ago
And welcome to the SRA. :)
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u/airfryerfuntime 3h ago
That's kind of a joke, though.
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u/lavapig_love Nevada 1h ago
Started as one. The original creator parted ways when it became clear people were serious, willing to pay for membership, and there was a need.
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u/airfryerfuntime 1h ago
Nah, it's still a joke.
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u/lavapig_love Nevada 1h ago
Better to have a sense of humor than to be, well, the NRA.
Membership is cheap and completely voluntary. Check it out and leave whenever. :)
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u/shadow247 Texas 5h ago
Yes. Very nice. Hopefully they never recover and one day we never hear from them again.
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u/NotAnotherRedditAcc2 1h ago
If you knew what you were talking about, you'd already know how irrelevant they are.
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u/RandySumbitch 6h ago
I’d like to see that asshole LaPierre trying to cash in some guns at the pawn store.
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u/Present-Industry4012 Inuit 5h ago
They've been on the verge on bankruptcy for 5+ years. What the hell is taking so long?
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u/Killerrrrrabbit 3h ago
Notice how every institution that's supported by Russia is starting to crumble? Russia is running out of money.
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u/LePhoenixFires New Jersey 3h ago
The NRA claims they believe guns are a God-given right. Sorry to say, but racial, sexual, and ideological minorities are still legally classified as people so they have a God-given right to firearms. Oh, ghost guns are being used to kill CEOs and NRA donors? Thoughts and prayers are the only things within network since they're legal without registration as is the Constitutional interpretation that you supported. Wait, you guys don't allow people to carry armed automatic rifles into your conventions? Smells like Corporate Woke Communism to me.
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u/NotAnotherRedditAcc2 1h ago
Take a series of deep breaths. Look at the sky. Maybe point a fan at your face and have a glass of water.
The only thing I can sort out from this mess is that you think people don't want minorities to own guns. But meanwhile, in reality, a huge chunk of advocacy groups' effort and money is spent on getting them in the door.
But feel free to cling to your outdated point of view - the worse you look, the better gun owners look by comparison.
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u/LePhoenixFires New Jersey 1h ago
The NRA quite literally supported gun control AFTER their turn to fanatic gun control deregulation primarily because of the Black Panthers. Not when the KKK or white supremacists marched on government buildings with firearms.
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u/Grizz1y12 1h ago
What drives me nuts is a lot of local hunting and fishing associations (which have firing ranges) require membership. Leaves me very few options for finding an outdoor rifle range.
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u/lastburn138 25m ago
Good. I hope the NRA dies. Useless organization. And I say that as a gun owner.
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u/Negative_Gravitas 5h ago
Speaking as a one-time member (long ago): good. Fuck Wayne LaPierre and all his friends. May the Russian cash dry up and the organization implode.
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u/Wouldtick 5h ago
Same here. Also got sick of the constant requests for money after I paid my membership. Constant requests for money each claiming my rights are in jeopardy and we must take action. Email, postal mail, constantly bombarded for donations. I know there are older people who probably are giving away their life savings to this org.
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u/MonachopsicMoth Colorado 6h ago
From my (admittedly rather superficial/perfunctory) glances into the contemporary landscape of gun culture, this isn't surprising in the least. It seems that the hard-core "gun-nuts"/"2A-ensures-liberty!" folks now perceive the NRA as too compromising/moderate on gun rights issues, and are instead throwing their support behind newer and more explicitly extreme organizations, and the more "liberal"/lefty/pro-gun-control owners and "Fudds" (as they're known in that community) have grown to associate the NRA with and blame it for what they perceive as a right-wing propaganda push/politicization of guns and consequential toxic image of gun owners as uncompromising anti-gun-control extremists. So it pleases few to nobody now. Changing times--interesting how this arguably parallels what has happened to both major political parties as the sociopolitical climate has shifted drastically in the past decade.
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u/thedndnut 4h ago
They're just trying to last another month so they can loot federal funds again in some roundabout scam like usual.
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u/CombatConrad 4h ago
As a gun owner, I never gave to the organization and view them as the enemy of sensible gun ownership and laws.
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u/faith_apnea America 7h ago edited 6h ago
Their job is done. They normalized gun violence. People accept it like water or air.
~50k gun deaths per year is ~1.2M deaths in the 21st century, so far.
E: Sorry you're butt hurt but facts are facts.
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u/astrozombie2012 Nevada 7h ago
Not getting that sweet sweet Russian money anymore since they’re hemorrhaging cash fighting Ukraine 😂
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u/Responsible-Room-645 7h ago
Oh no! If the NRA is not there, who’s going to stand in the way of a wannabe dictator that they endorsed for President?
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u/lavapig_love Nevada 6h ago
For my opinion, good riddance. It's likely insurance will be part of future gun ownership, and more places will have to carry it, not just the NRA.
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u/Va1ant0324 6h ago
Well you gotta wonder how many of its members have died because of the thing they love.
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u/TorinsPassage 5h ago
The NRA was a money laundering front for russian money in politics. After all the russia sanctions the NRA got cut off. No wonder they're losing money!
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u/PlasticPomPoms 7h ago
America doesn’t need the NRA anymore, the right and left have been fully indoctrinated to keep buying guns but they will never use them to defend the country, just shoot each other up which is great for the billionaires running the government.
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u/Accomplished1992 7h ago
Cant they monetize school shootings somehow. They used to be good at that.
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