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The analyses of the failure of the AWB to impact any crime indices was in part explained by the existing stocks being sufficient to meet demand along with new guns with the cosmetic changes necessary to comply (see Koper and Roth).
Thus, you can bet a new AWB would stop all new production for civilians of an EBR pattern and provide for some kind of compensated (pun) confiscation.
Whether a mandatory turn in would be successful is doubtful. The most law abiding would abide but in countries and states were such were tried, the turned in weapons were much fewer than the known population in private hands.
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NRA, TSRA, IDPA, NTI, Polite Soc. - Aux Armes, Citoyens
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