It might be interesting to reverse the question? What benefits do you think there are from gun availability?
<Pause so you think of your own answer before reading mine.........>
The ones I hear often are:
Self defence. People with guns can stop themselves being hurt. One could theoretically add up the number of times people have successfully defended themselves and compare it to gun homicides.
Pleasure gun enthusiasts get from their hobby. Seems relatively minor benefit, as they could likely get equal enjoyment from other hobbies, and most forms of regulation wouldn't affect them significantly.
Protection from government power. Brought up by libertarian leaning folks a lot, don't think there are any recent historical examples in developed countries.
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I'm still reeling from http://lesswrong.com/lw/g0y/gun_control_how_would_we_know/84ky?context=1#comments ; I'm noticing how in other contexts "Why are we still talking about this we have better things to do?" is obvious, but it tends not to be for me in mind-killer contexts. Unfortunately, the impact of that point on my mind is such that I'm maybe not giving this thread the attention that all of your very well-thought out answers deserve, because I've suddenly stopped caring very much.
Regardless, though, y'all certainly have lived up to my expectations as polite, reasonable, rational debaters. Well done.