Imagine you are a potential criminal.

You own a gun and need cash today!
Gun laws are so strict that, because of your job as a security guard, you have the privilege to own a firearm.

You know the public isn't armed and you have 2 options rob the liquor store or the gun shop. 10/10 times your not robbing the gun shop.

Now remove the gun laws.
Your potential victims have the option to have the same power as you do.

The liquor store is just as much of a life threatening risk as the gun shop.

Your out of options, you can't even mug anyone without the possibility of being incapacitated on the street. Maybe you turn to burglary of an empty house, building, parked car, or other another non-violent crime.
Point being that people who wish to do wrong to others are deterred when facing equally powered confrontation.
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