So, the question is, apparently, "Does your right to keep and bear arms extend to bazookas?"
In point of fact, it does; the National Firearms Act establishes regulations under which you might, if you choose and if you meet the regulations.
These things are considered relics, and Ed Morrissey at Hot Air says that "No one needs a bazooka[.]" Can we construct a case in which there is a reasonable need for a citizen who is not a member of the government to own or keep a bazooka or similar weapon?
I think we can, using the recent case against a former Blackwater president as a model. The case is a very strange one: he's accused of trying to use the government as a "straw man" in purchasing automatic weapons. It'd be odd to attempt to hide a criminal conspiracy by crafting a written agreement with the local Sheriff to carry it out. (Why isn't the Sheriff in the dock too?)
In any event, why did Blackwater want automatic weapons? At least partially for a fully legitimate purpose: to train for missions protecting State Department employees. The State Department has reasons to want an independent protective capacity in places like Iraq and Afghanistan, so they will not be reliant on the US military for transportation. They also wish to preserve the sense that diplomats are unarmed; so they want to outsource this capacity.
The Founders recognized a very similar concept with their granting to Congress of the right to issue letters of marque and reprisal. This allowed you to arm ships with artillery, to conduct raids on enemy shipping, etc.
So yes, the right to keep and bear arms does extend to "bazookas" and like weapons. However, it's reasonable for the government to institute a much higher standard for regulation here than with personal defensive weapons. Perhaps Congress should get back in the business of issuing letters of marque, thereby certifying groups like Xe as potential recipients of State and similar contracts. Certainly the extensive background checks involved in Class III licenses represent another form of such regulation. But whereas rifles, pistols, swords and knives ought to be regulated either not at all, or by a "shall issue" permit at most, these other weapons might be reasonably regulated in a stiffer fashion.
That does not, however, mean that there is no right at all. Such regulations would not be creating a right that other citizens don't have; it would simply be going to an extra length to ensure that you haven't done anything that ought to disqualify you, such as engaging in criminal enterprise.
Guns and Bazookas
Guns and Bazookas:
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