Second Life’s “Wild West” — the land of start-ups and no cops, yet
The buzz around the growth of virtual world site, Second Life, is drawing more scrutiny from real-world regulators who fear they’re losing grip with the growing economy.
The site appears to have hit a sort of critical mass — and the attention is fueling even more activity.
A U.S. congressional committee has launched an investigation of the site, to see that people pay taxes properly on income they make at the site. Outsiders are scratching their… Continue Reading
Khosla responds to conflicts-of-interest charge on oil tax
Vinod Khosla, the successful Silicon Valley venture capitalist who is leading the effort to raise a tax on oil extracted in the California, has responded to the oil industry’s charges that he has conflicts.
In an interview the WSJ (sub req), Khosla says his investments in alternative energies aren’t really a conflict with his $1 million support of Prop. 87, which would levy a tax on oil – even though some of the tax proceeds would… Continue Reading