>so, someone breaks into my house while I am on vacation for three weeks, ignores the alarm, rips open the gun safe, takes a gun, kills someone...I go to jail?

Not if you report it or demonstrate it was stolen. And I didn't write "go to jail" - indicted means they're going to investigate you, just like they do now when a gun registered to someone shows up in crimes. And those people don't "go to jail" if they didn't have the gun.

What it does curtail is people buying guns to give away, because at some point enough guns will show up having been registered to them then used in crimes, and that should be prosecuted. That behavior is what is going to bring even stricter regulations if it is not curtailed by some set of laws.

I'd prefer a decent background check on firearm transfers - I already pass them with zero problem, but it would hinder people that should be banned from working around such measures.