Political fight over gun buyback after boy, 11, shot in the face and neck in Sydney apartment

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-22 • Permanent link

Shooting chaos erupted in Sydney's north-west yesterday evening, as an 11-year-old boy was shot in the face and neck. The boy, identified as Jaxon Andrews, was rushed to hospital in critical condition. Police are investigating the incident, but it's unclear if the shooting was accidental or intentional. The Australian government has announced a gun buyback program in response to the tragedy, with Prime Minister Anthony Albanese vowing to scrap the program if re-elected. The news sent shockwaves through global financial markets, with the Australian dollar rising by 0.5% against the US dollar.

The impact of the shooting on investors is significant, with many analysts predicting a surge in gun control stocks and a decline in firearm manufacturers. Consumers are also feeling the pinch, with gun buyback programs often leading to a decrease in gun sales and a subsequent rise in gun-related accidents. Economists warn that the long-term effects of the shooting could be felt in the form of increased gun control regulations, which could stifle the firearms industry and lead to job losses. As a result, investors are taking a cautious approach, with many choosing to diversify their portfolios.

Gun violence is a long-standing issue in Australia, with the country having implemented some of the strictest gun control laws in the world. The current government's decision to scrap the gun buyback program is a significant shift, and experts warn that it could have far-reaching consequences. In the 1990s, a similar program was implemented after a mass shooting in Port Arthur, resulting in a significant decline in gun-related deaths. However, some experts argue that the program was not effective in reducing gun violence, and that alternative solutions, such as increased funding for mental health services, should be explored.

The outcome of the gun buyback program is still uncertain, but experts warn that the consequences of the shooting could be severe. The Australian government faces a tough election campaign, and the decision to scrap the gun buyback program could be a major factor in determining the outcome. As the country gears up for the election, investors are watching closely, with many predicting a significant impact on the economy. With the gun buyback program set to expire in the coming weeks, the government will need to act quickly to address the concerns of gun owners and voters alike.