A whole slew of new firearm restricting legislature is brewing at various levels of government from Federal to State. Depending on which state you reside in, the degree to which that legislature will impact your ownership rights vary. In some of the more restrictive states, the discussion regarding assault rifle bans has even extended into the “grandfathering” rules to a degree that current owners may find themselves felons if they do not turn their weapons in.

For the sake of discussion, let’s ignore for a moment the matter of whether a regular person should or should not own an assault rifle. Focus instead on the government’s ability to require you to relinquish present, legal property for … partial face value or possibly even nothing.

Previous assault weapon bans made it impossible to buy new ones whereas the existing stock or personally held firearms could be sold privately or retained within a family (hence, “grandfathering”). In some states, the rule proposals go much further beyond that.