If every user used different passwords on every single site, this submission would be hardly newsworthy and barely discussion worthy. In a perfect world, sure,

If every user used different passwords on every single site, this submission would be hardly newsworthy and barely discussion worthy. In a perfect world, sure, every user would have a unique 14+ character password for every site they register on. In a perfect world, every site would implement basic password encryption. Unfortunately, reality != perfect world.