Though we are in substantial agreement on this issue, it is best to point out that "arms" have changed over the years. From the founding of this country, we have gone from single-shot flintlocks, to single shot percussion arms, to multiple-shot percussion arms, to multiple-shot cartridge arms, to double-action cartridge arms, to auto-loading cartridge arms. There is an additional layer of regulations restricting (but not barring) the possession of fully-automatic weapons, requiring the owner to pay a couple of hundred bucks to license each such weapon and requiring the FFL-holder (gun dealer) to pay a yearly occupational tax of $500 before he can sell or transfer such weapons.
IMO, the rights of the gun-owners have been infringed in two principal ways in recent years. 1) restrictions on so-called "assault weapons" that have certain cosmetic features such as pistol grips, bayonet lugs, etc, and 2) regional restrictions on the ownership/possession of hand-guns. In the case of 1) the laws are nonsensical in that they ignore the much more powerful and accurate semi-automatic weapons that are freely available. In the case of 2) local authorities have banned or restricted the possession of conventional arms simply because they are hand-guns. This does not eliminate hand-guns from their environs - it only ensures that honest law-abiding citizens cannot own them, even if they live in a very dangerous area where such weapons might be productively used for self-defense.