High-Capacity Credit Cards


Andrew Ross Sorkin has an article over at NYT reporting that some people who have used firearms in mass shooting bought their guns using credit cards.

Well, duh. Most firearms cost at least several hundred dollars, and most purchases for items that expensive are paid for using either credit or debit cards. Fifty years ago, such purchases would have likely been paid for with checks. Either method is more secure than cash, but whether an electronic or a paper transaction, the funds would have been routed through the buyer’s and seller’s banks.

Sorkin seems to think that banks should be monitoring transactions related to firearms in order to … well, someone has to do something to keep those people in flyover country from buying guns. And if the government won’t because of that pesky Second Amendment, the banks should step forward.

<sarc>Maybe Sorkin is right. It could be that we have a problem with high-capacity credit cards falling into the wrong hands. The Progressive states limit access to normal-capacity firearm magazines to specially-approved individuals. Perhaps most people should be prohibited from possessing high-capacity credit cards and only be allowed debit cards with a ten-dollar daily limit. Anyone with a legitimate need to spend a larger sum can plan ahead and withdraw cash from his bank account in a face-to-face transaction that can be subjected to a proper background check.</sarc>