Personally, I don't see any need for handguns (and I've owned a few) and wouldn't mind much if they didn't exist.
Of course the argument will be that then rifles will be next...
Maybe some brilliant politician will put forward a bill to ban illegal activities. There, problem solved.
Unfortunately frantic public reaction will lead to consequences (remember Mark Lepine?)
As everyone knows, baning one of the most tightly restricted things in society isn't going to get it out of the hands of criminals and whackjobs. But they will try. Humans aren't all that smart on the whole.
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