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Seriously, I know I am a bit biased on this topic, but imagine if machine guns were as readily available as a semi auto.
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For criminals, they are. I don't see any difference. Drill a couple of holes, install a part or two or three - you've got a machine gun. Or, order one of those 80% Glock converter doo-dads and you have a pistol machineg un. Or, buy a $350 slide-fire device and you have a legal machine gun.
Big deal. I say everyone should have the same access to machine guns as they do to handguns. Heck, I could even live with a requirement that all machineguns must transfer on a Form 4 (existing laws) as long as they permit the manufacture and registration of new ones.
The only reason there is a demand for machine guns is because it separates the haves from the have-nots at gun ranges. Having a machine gun (for some) and shooting it at a gun range is like wearing a Patek Philippe to a pool party.