Such a regulatory process also means fewer guns floating around. But what if a criminal did happen to be packing heat? Would you wish that you had a weapon so you could have a movie-style shootout? No, you would swallow your pride and let him take what he wanted, then call the insurance company.
Believe me, I understand the acute frustration one feels when being robbed or otherwise victimized. I was mugged on the subway in Paris last year. We both could have had guns, but thankfully neither of us did in a country with tight gun control. (The perpetrator would have had the advantage of foresight anyway, while I would have fumbled around trying to find mine.)
So how can America go about fixing its gun laws? Well, it's complicated, because all the crazies are mixed in with the sane gun owners. Since there was no sanity litmus test at the outset, how about implementing mandatory license renewal complete with psychological evaluations and background checks? Anyone failing to comply with a basic psychological competency test should have his weapons revoked.
It would likely take at least a generation to better balance individual gun rights with everyone else's right to their own day-to-day freedom and safety, but the shift in cultural mind-set needs to start somewhere.