Nice as far as conspiracy theories go, I'd rank it right up there with the government and the cc's being in cahoots to get rid of porn on the govt's part and get tighter bankruptcy and credit provisional laws in the US.
But your equation leaves out one hugely important element.
Chargebacks.
No flame, just pointing out the flaw in the logic of whomever told you this.
The Patriot Act is applied to many many businesses, not just the card industry.
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