Being able to own and enjoy exotic and otherwise badass high output firearms is and will continue to be an option though not without some hurdles and needing to pass some background checks.
I don't currently know anyone personally who went the gun trust route but that is still one way to go about it and with an FFL you can not only buy and sell but customize in order to get the functionality you want to play with.
There is nothing wrong with putting some limits on what can be purchased over the counter and there really is zero reason anyone would need to carry a fully auto or have 30 round mags for their pistol and the argument otherwise is pretty pointless as we no longer live in a nation where you can do much of anything without a permit, license, or some kind of documentation to show in theory you are following some of the rules.
Depending on your locality some of those fun boom-boom sticks can be rented and enjoyed in the comfort of a gun range if you have some cash to put into the excursion. No special exemptions needed
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