Would the world be safer if everyone was required, by law, to own a firearm?

In a small town in Georgia , it is required to own a gun. When this was first mandated people predicted a “wild, wild west” scenario but, rather than this occurring, the crime rate dropped.

Do you think this is a fluke or would such a scenario on a widespread basis have the same results? As a side question, does anyone know if this has continued to work for the town mentioned in the article? I might not have all the facts on this.