Maybe I am wrong, but the problem I see with you system is about this:
US have a very large legal market for personal weapons; no special problem, until everything runs as supposed (just fine people, with a responsible attitude, has the right to purchase rifles and pistols).
More difficult to say if all legal weapons owners will be so fine as supposed.
Here I'm not speaking about the rare man who could become a mad murder, but the vicious use of this freedom.
Maybe someone is ready to sell again his weapons to someone who couldn't make a purchase on the legal market.
Maybe exist laws against that, but the trick to overrun them is really simple; sell your revolver to the worst criminal, then tell to police that it was lost, forgotten or stolen somewhere.
An easy and safe way to make money.
As I can see on this forum, lot of US homes are filled with any kind of weapons; why a criminal should buy them, when it's so easy to have some for free by simple theft?
Sure, it's a risk of bullets, but normal people sometimes sleeps, leaves home for holidays and so on; furthermore, the good armed cityzen isn't a full time armed sentinel or sniper.
Maybe someone has really an added chance to flee a chicken's thief, but I frankly doubt that the average outcome of your free weapon market could be for the legal side.
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