[erellsworth]

> How will the "rich people" maintain privacy/secrecy after the Corporate Transparency Act?

I mean, I think the whole point of the act is to stop "rich people" from maintaining privacy/secrecy in regards to the businesses they own. And that's a good thing.

[Gormo]

> I mean, I think the whole point of the act is to stop "rich people" from maintaining privacy/secrecy in regards to the businesses they own.

No, the act has little effect on "rich people". It applies only to non-public firms with 20 or fewer employees, and exempts most firms in the banking and finance industries.

It encumbers your local barbershop and the mom-and-pop restaurant on the corner, but the "rich people" get a pass.

> And that's a good thing.

It turns out that "rich people" have as much right to maintain the privacy of sensitive personal information as anyone else.

[klyrs]

You seem to be under the impression that the Act will have its intended effect and that OC was bemoaning that. I read this as, "with the Act in place, how will its intent be subverted by those in power"