Of course it wasnāt stupid in 1935 but it was if you omit the following. āIt was declared unlawful for anyone to sell or receive a firearm in violation of this section, and they could be fined $2,000 and imprisoned for up to five years for violating it.ā
Now the real amount you should be asking for, is $2000
which today has increased to $250, 000 and ten years in jail.
But itās hilariously ignorant thinking a $200 stamp tax, then or now kept and KEEPS the machine gun out of the hands of criminals.
Itās the requirements that the machine gun be registered to the licensed owner and only transferred to a licensed owner AND the stipulated punishments and requirements of the both the owner and the transferee. To days private sales regulations for private sales NATIONALLY, provide NONE OF THOSE REQUIREMENTS and therefore the āgun show loop holeā;as itās referred to, exists.