Please please PLEASE: this question is made from a place of pure curiosity, with no political biases intended. I’m asking because restrictions and prohibitions puts a pressure on the market since the demand never ceases, and someone interested in supply for that demand will do it for massive profits - no matter what. Wouldn’t it be the case for any product, be it drugs, alcohol or guns?
To temporarily take the side of gunphobes: Legalization reduces crime related to the buying, selling, and transportation of guns, but has little effect on the crimes with which guns are committed.
Eh, it would have little effect in the US, though only for a decade or three. Once a new generation came along that wouldn’t fetishize the pewpew too much, and give 'em enough time to sell/dispose of grandpa’s guns, I’m sure gun crimes would fall to levels similar to like, Australia.