Quote from: The Sceptical Chymist on Today at 11:06:15 AM

You might truly find this hilarious, but to me it looks very grim. Americans are already taxed to death (which is why very few people can attain wealth and preserve it), and they're going after wallet providers with this idiotic piece of legislation with ignorance combined with great power, and that's a disastrous combination.

they are not going after wallet providers. they are going after service providers that utilise tumbling via single use addresses to be classed as the same suspicion rating as mixing.

americans are not taxed to death. however many americans are not taught tax law to know all the exemptions, loopholes and methods to legally avoid tax. yes the tax law is designed to be complicated so that if you want to attain the most benefit of tax exemptions and loopholes you have to either research it yourself and understand their terms or employ an accountant. which is the real game. laws are made to be complicated to create new industries of professional advisers, meaning only the rich and wealthy that can employ these advisers get to benefit from the exemptions/loopholes.