Guess it was a pretty good deterrent to NFA item ownership by the proletariat in 1934:

'$200 in 1934 is equivalent in purchasing power to about $4,582.48 today, an increase of $4,382.48 over 89 years. The dollar had an average inflation rate of 3.58% per year between 1934 and today, producing a cumulative price increase of 2,191.24%.

This means that today's prices are 22.91 times as high as average prices since 1934, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 4.364% of what it could buy back then.'

https://www.in2013dollars.com/...tion/1934?amount=200

A buck then is about a 50-spot now.

Daaamn.

ETA, got it wrong, it's a 20 and change. Still... Put it another way, quarter then was a bit over 5 bucks now.

Yeah, today the process is the deterrent/punishment. If you have a clean background and you fill everything out correctly, they can't say no, so instead, they just sit on everything for months.

NFA is so fucking stupid. If it cost $4,600 to cut a gun barrel or put a damn muffler on your gun today, nobody would do it. Really throws into sharp relief what an infringement this has always been.

just a curiosity question. We all complain about NFA approval times but what were they back in 1934?

Thank goodness the law didn’t allow for the $200 to be indexed for inflation. Just wait till minimum wage is $200 an hour getting an NFA item will just be an additional inconvenience.

quote:

Originally posted by hrcjon:
just a curiosity question. We all complain about NFA approval times but what were they back in 1934?

.

I bet getting efile back then was a MF’er!

Before FDR confiscated gold in 1934 it was 20$ an ounce. 10 ounces is now $20,000. In 1934 when t he price was changed to $35 an ounce that’s still 5.75 ounce. That’s well over 10k.

If you measure old timey prices in Terms of cost of gold vs today I think that is a much better analog.

This message has been edited. Last edited by: ElToro,

I doubt the repressors even thought of inflation, it was the Depression and sometimes there was deflation.

A Thompson was $250 at the time, an 80% tax.

The purpose of the tax initially was to discourage people from buying the Thompson Machine Gun.