If the net of criminal liability is cast wide enough to encompass this kind of content, there's a compelling argument to criminalise inventions like Roxxxy, too.
A country's external wealth is measured by the value of its foreign assets net of its foreign liabilities.
President Barack Obama in January proposed a tax of 0.15 percent of net bank liabilities to raise up to $117 billion over 10 years.
According to official figures, Russia's domestic banks have net foreign liabilities of around $4 billion, whereas a year ago they had net foreign assets of $2.5 billion.
But the net foreign liabilities of Turkish firms stood at $183 billion at the end of 2014.
As a result, the country now has net foreign liabilities of more than $2 trillion: around $20,000 for every American household.
This outcome leads to large savings in the net pension liabilities of the pension system.
(I suspect the net foreign liabilities of Russian banks are grossly understated, but we'll go with the published figures).
In the committee report in support of the proposed legislation, Senator Brown describes the safety net that covers the vast majority of liabilities in the American financial system: underpriced federal deposit insurance, access to the Federal Reserve's discount window and the "implicit guarantee" of solvency given to the large banks under the "too big to fail" doctrine.
Business caution has, however, so held down the growth of liabilities that their net worth has jumped 6.5percentt a year since 2009 and 6.6percentt since 2012.
Italy might not need to leave the euro on grounds of its net external liabilities, and its primary budget (ie, before interest payments) is under control.
