The NFA thing simply won't work. There isn't the infrastructure, manpower, or budget to handle the registration of so many firearms in such a short time. Furthermore, since the NFA has nothing to do with semiautomatic rifles, it'll have to be rewritten, which could have unintended consequences for supporters.
Fun fact: the NFA was originally going to include a $2.00 tax and registration of handguns, but that provision was axed due to opposition from the politically nascent NRA.
The idea of forfeiture without compensation would also raise some serious 5th Amendment concerns.
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Sometimes it’s nice not to destroy the world for a change.
--Randall Munroe
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