Shall we say prisoners have the right to bear arms? Felons with a violent past? People with mental illness? Surely there must be limits. Few rights are absolute in every circumstance.
If a person shouldn't have firearms, then they shouldn't be on the street. They should be in jail/prison. Period. I don't know that anyone that has argued that prisoners should have guns. You would have to be a fool. If a person shouldn't have access to guns, then they shouldn't have access to any other freedom. The ultimate purpose of owning firearms is to fight a tyrannical government. For that purpose, less limits is better for the people. This right is absolute, and anyone espousing otherwise is a tyrant or a fool.
Regulated has more than one meaning. Read which is which.