Chaos on Bullshit Mountain
 

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Re: Chaos on Bullshit Mountain
 

I posted this on FB yesterday. Freaking hilarious. Lol

This was my favorite Daily Show clip this week.

Re: Chaos on Bullshit Mountain
 

Awesome video. I will post on Facebook too. Frkn hillarious

Re: Chaos on Bullshit Mountain
 

Never mind I can't get the link from my phone

Re: Chaos on Bullshit Mountain
 

He was doing well until he tried to equate government hand outs and Investor tax breaks.

Re: Chaos on Bullshit Mountain
 

I dont see how they cant relate. Yes they are different, but if u look at it a tax break is almost like the gov't is giving money back. It is not the same, but a hand out is a hand out whether u consider it as giving away money or giving away privileges. Either way a hand out is a hand out...the only difference is what is being handed out. Gov't tax breaks are not a god given right.

Re: Chaos on Bullshit Mountain
 

ok, here's how it works....Capital gain tax (as opposed to ordinary income tax) is a lower tax bracket given to high risk investments. Basically, the government is saying ''since you are gambling with your money on 'x' venture, we understand it may not be a sure thing like a steady pay check from an employer, and for that we won't penalize you as much''. They're not giving money to companies, they're just taking a lesser percentage then regular folk.

Now this is a pretty cool thing cuz then investors can pump money into your publicly traded company by buying stocks, or futures, or options, or bonds, or whatever.

Same deal with a business....the government is saying, since you had the balls to try this thing which may have gone belly up, but is instead creating jobs, we'll tax you at capital gain, cuz even though it's making millions, it could've cost you millions just the same. This way you can expand it even more and hopefully hire more ppl.

Even though there are some companies that were built on dreams and aspirations (thinking disney here); the truth is that you gotta reward initiative in order to have any. Nobody takes a gamble if the odds are the same as the sure thing (like a paycheck).

Equating a food stamp to what I just described is patronizing and quite frankly a little insulting. Stewart is making the same mistake as republicans make when they call healthcare a 'handout'.

Honestly, instead of hating on Capital Gain, ppl should figure out how to get in on the game....but then again ppl are just jealous haters.

Re: Chaos on Bullshit Mountain
 

I think he was equating tax breaks to tax breaks

Re: Chaos on Bullshit Mountain
 

You're one of the very few people that understand this. I've almost stopped trying to explain this concept. THANK YOU!

Re: Chaos on Bullshit Mountain
 

Does the gov't have to give a tax break to the investor class is all im asking? I understand well that it is a reward, but a reward is still something that is being given is it not?