64 year-old WoW player defends Second Life

Posted Feb 26, 2007 at 11:03AM EST by QJ Staff

Listed in: Titles, Off Topic Tags: IBM, Linden, Linden Lab, Toyota

Taxing virtual worlds - Image 1

Dan Miller is one cool dude. Read on, and find out why.

Business journalist H.S. Ayoub recently submitted to Internet Stock blog SeekingAlpha a write-up on his experiences in Linden Lab's Second Life. Obviously the fellow focused more on the business aspects of the metaverse. He covered the recent activities of Cisco Systems, IBM, American Apparel, and Toyota within the virtual world.

What's noteworthy though about his report is his input on government Â– to be specific, the Joint Economic Committee of the U.S. Congress - plans to start taxing transactions taking place within Second Life. Ayoub takes time to note Dan Miller's view on the subject. Ayoub writes:

While the flurry of activity and monetary spending can attract the attention of businesses, it can also attract the government. The Joint Economic Committee of the U.S. Congress is taking a hard look at the possibility of taxing income derived from virtual online worlds. But the general consensus is against any taxation at this time. The blogging community immediately condemned the committee's announcement last year, and Dan Miller, senior economist on the committee, agrees.

He believes that a realistic attempt at taxing virtual transactions could prove very difficult. It would place too much pressure on virtual administrators, such as Linden Lab, to keep tabs on the millions of transactions and player activities that occur every day. This, Miller believes, could slow down the impressive innovation taking place. It is not surprising to learn that the 64 year-old Miller is an avid World of Warcraft fan, and player!

Great, the great online businesses on Second Life, indirectly defended from taxation by a World of Warcraft player. The amazing teh internetz is. Amazing.

Via SeekingAlpha

This story sucks? This story rocks!

Vote Now!

(0)

(0)

Newest Downloads

05/19/2012 - 05/25/2012

True Blue Firmeware v2.7	05/24/2012
3DS Video Converter v2.3	05/24/2012
Mobile Assault 1.8.2	05/24/2012
PSP Tools Alpha 0.1	05/22/2012
Newton War	05/22/2012
DaedalusX64 r766	05/22/2012
PSPMarble	05/22/2012
The Undead 4 - Nazi Zombies	05/21/2012
3DSExplorer v1.2.1	05/21/2012
J-Runner v0.2 Beta 275	05/19/2012
Priiloader 0.8 Beta 3	05/19/2012
Quake Rev PAK release 4	05/19/2012
ModMii v6.1.3	05/18/2012
Glitch360Key Updater 1.0.4.37	05/18/2012
AutoGG v0.4	05/18/2012

Most Comments this Month
Free Lightsabers and Borin..	(6)
Elder Scrolls Online Lets..	(2)
Here Are the Panda Dances..	(2)
Tribes Ascend Skis to Vict..	(1)
Announcing Our Soul of the..	(1)
People Actually Play Battl..	(1)
Elder Scrolls Online Trail..	(1)
PoV: The MMO Method for Se..	(1)

Top Jumps this Month
Play World of Warcra..	(13)
World of Warcraft: C..	(6)
Here Are the Panda D..	(6)
DC Universe Online's..	(5)
People Actually Play..	(4)
Elder Scrolls Online..	(4)
Tribes Ascend Skis t..	(4)
Elder Scrolls Online..	(3)
PoV: The MMO Method..	(3)
Free Lightsabers and..	(3)
Lego Universe becomi..	(3)
Bioware Force Pushes..	(2)
Wonderland Online's..	(2)
ArchLord Official We..	(2)
Ladies Night in MMO..	(1)
Mythos to get daily..	(1)
SWTOR’S New UI is..	(1)
WoW player harrasses..	(1)
Final Fantasy XIV Se..	(1)
DC Universe Online g..	(1)
Horizons' former con..	(1)
DC Universe Online g..	(1)
New Command and Conq..	(1)
Dark Age of Camelot..	(1)
WoW mods: Kwagga's a..	(1)

Quick Jump Daily Digest

64 year-old WoW player defends Second Life

Related Stories:

Comments