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January 17, 2006
The Dollars they Confiscate won't be Make-Believe
Will the IRS soon be shaking you down for a cut of your booty after you plunder the hoard of Firespittle the red dragon or after you find the wand of whispers in the castle of Morgoroth the evil wizard? Well, today's whimsical farce is tomorrow's dreary reality (think smoking, seatbelts and thought-crime). Julian Dibbell kick starts the question at legal affairs magazine, exploring just what are the tax implications of the swirl of monetary transactions that play an increasing role in multi-player online gaming.
Today, individuals are selling "Runic Hammers" and "Ethereal Mounts" on e-bay for sums totaling thousands of dollars. Do these "virtual relics" have real-world value? What if no money changes hands between gamers, but instead the items are bartered?
Perhaps it becomes a moot point when the cashless economy finally comes to pass.
Posted by Robert Jackson at January 17, 2006 07:56 PM
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