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The NFA was rationalized by hysterical response to the gangsters of Prohibition. It is vastly more probable that FDR was anticipating a revolt against federal economic meddling that was prolonging the Depression.
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Look at how many new proposed guns laws are trying to be rationalized by pointing to the crime and violence problem we have with Prohibition 2.0. Of course that crime and violence happens for the same reason that Budweiser distributors don't get into shootouts over territory today, the politicians don't want to admit that.