Lost Rambling

Lost has a lot of potential, but doesn’t apply himself.

Monday, October 16, 2006

Just a matter of time?

Raph posted this today "Here come the tax men!" With this with this from the Yahoo's article.
"Right now we're at the preliminary stages of looking at the issue and what kind of public policy questions virtual economies raise -- taxes, barter exchanges, property and wealth," said Dan Miller, senior economist for the Joint Economic Committee of the U.S. Congress.
While I'm no fan of RMT, it does make me wonder what steps developers will be required to take in order to help collect or at least reporting. It seems that Second Life will be the first to face some of these issues (including Bragg v. Linden), but I'm sure they will not be the last one.

The biggest loss, in the end will be for the player. As the world of fantasy is stripped away and replaced with tax codes and property rights. *sigh*


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