Does it say "the right of the well-regulated militias to bear arms" or "the right for the states to bear arms"?

I'm for a lot more gun control than what we have today, but it's "the right of the people" in the text.

Neither.

[As a necessity for a free state, A well trained and in good working order group of able bodies citizens capable of fight for defense of self and state, is required], the right of the people to keep and bear arms shall not be infringed.

Militia is just the people. Oxford 1800s has well-regulated to mean “in good working order”.