An article in Bloomberg Businessweek got me thinking. For the past three years, the stock of Ruger (gun manufacturer) has skyrocketed. The article quotes some gun experts who speculate that in 2008 it was because Obama got elected and gun owners wanted to make sure they had their guns before he potentially made it harder to get them. Then, when there were riots in Greece and then London, people may have purchased guns out of fear that something similar could happen here considering how bad the economy is.
There are socially responsible mutual funds that won’t invest in companies that make guns like Ruger. But I was thinking about the reverse case. What if you were a gun company owner and a conservative? Would you listen to your conscience and vote for the conservative candidate because you think he/she would be the best for the country? Or would you go with your own self-interest and vote for a liberal, predicting that it would spike gun sales and improve your business? Do you vote your conscience or your self-interest (if they diverge)?
How do you vote?
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