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Here is an interesting (albeit pre-Heller and McDonald) analysis of the Takings Clause in relation to a firearms ban.
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Please summarize
As to the "In common use" reference. I would find it impossible to NOT say that ARs and AKs are in common use. The amount sold since the Sandy Hook shooting alone should prove common use, let alone the 4+ million ARs before then.
On a secondary thought, does anyone have any statistics on the amount of firearms sold since the shooting?