Linked by Thom Holwerda on Tue 26th Apr 2011 22:06 UTC
Games After days and days of the Playstation Network being offline, Sony has announced it has taken the service down indefinitely. The cause is a lot more severe than previously thought: PSN has been systematically attacked, and personal information of all users has been stolen, possibly including credit card data. Sony is asking PSN users to keep close tabs on their credit card account statements. This has turned from a rather amusing slap on the wrist for Sony into a massive and truly epic security fail that could have tremendous consequences for millions and millions of people the world over.
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RE[7]: Credit card security
by gustl on Sun 1st May 2011 12:50 UTC in reply to "RE[6]: Credit card security"
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Eventually no one will be solvent and the system collapses under its own weight.

There ALWAYS is someone left who is solvent. It might be even one person only. And the economy is only in trouble if this person who is solvent does not buy enough goods.

Which leads us directly into the reason, why taxing the "richness" of people is good for the economy:
If no tax is put on money you are just sitting on, you are not encouraged to buy things.
But if taxes on your money (not your income!) are high, you will say: OK, I buy me a new $WHATEVER before taxes are eating up all I have. And that is good for the economy.

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