Yeah... I can't see this backfiring at all.
In 1993, a United States senator with one of the great political brains of 20th-century America, Daniel Patrick Moynihan, said that we ought to forget gun control as a way to stanch criminal violence. It was hopeless, Senator Moynihan pointed out: even if the sale of new guns was totally forbidden, there were already enough guns in homes and private hands to last the country for 200 years.
“These mostly simple machines last forever,” Mr. Moynihan said.
But he wasn’t through.
“On the other hand, we have only a three-year supply of ammunition.”
His solution: Increase the tax on bullets. He wouldn’t raise the tax on ammunition typically used for target shooting or hunting. But he proposed exorbitant taxes on hollow-tipped bullets designed to penetrate armor and cause devastating damage.
“Ten thousand percent,” Mr. Moynihan said.

I didn't know hollowpoints were designed to penetrate armor...