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Comment Re:Reality of All Billionaires (Score 1) 155

The human brain doesn't comprehend numbers that large consciously. Even 1/10 of a billion dollars will last 1,000 years spending $100,000/year. This is not even accounting for any interest on the principal, and considerably higher than median household income in the US. If they were able to recover even a fraction of the amount, they are set for life even if they spend exorbitantly.

Comment Re: It's not just credit (Score 1) 66

The credit bureau's function is to make sure that an individual has a good credit rating so a bank or business can predict who would be a good risk to give credit. Did these companies prevent the "liar loans" which led to the financial collapse of 2008? It doesn't seem to me as though they are serving the public good to a capacity which offsets the risk in leaking private information.

Comment Re:The IRS just stepped in it.... (Score 1) 115

The reality of the situation is that the IRS has been chronically underfunded because it suits the owners of the US government to not have anyone competent reviewing their books too closely. The idea that a private company be outsourced such sensitive data is ludicrous, but the IRS will never have the funding to do it in-house properly.

Comment Use the website? (Score 1) 386

Phones are pretty intimate devices, so I understand why the owners of these apps would want to use them as hooks to extract as much out of their users as possible because there is money in information. I think I'm pretty fair when it comes to granting permissions, but Facebook and LinkedIn are examples of apps that go way too far. I get that a social network would want to access my address book and calendar, but I can't think of a good reason to give them that privilege. I use the mobile website for Facebook and Twitter, and generally only use LinkedIn on my desktop browser.

Comment Re:The interesting part (Score 1) 150

It's not illegal, but it's also not in the public interests. If the road owners have a history of reneging on agreements to the public, and knowingly allow the free roads to degrade and fill with potholes to force everyone to the pay roads it's bad news for everyone. They can bribe the local politicians to keep the scheme legal, but it is putting most people at a disadvantage to profit a few rich investors.

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