Also in this playlist...
This transcript is automatically generated
The president of -- left wing think tank.
And all the so unfair joke this is -- -- -- actually and -- pack up a smaller more manageable easier to raise kind of Lama.
When you like to have some of these in your backyard if you could make money off of them.
And get tax breaks let me ask you show of hands who would like -- one of these in your backyard.
Yeah I think cute.
Well I talked about alpaca tax breaks in my special.
There are so many tax benefits for -- that breeding that one web -- even advertises.
-- Uncle Sam help you buy your real actress.
So -- end -- paying for out packets of the sample.
I'll be honest the reason I got in I was looking for a tax shelter so was this woman -- tax benefits of great.
The benefits are not unique to -- -- raising may have played all livestock.
But -- Packers are especially easy to raise -- coming -- he -- he could do this this suburban backyard and people do 25 years ago there were a 150.
-- packets in the United States now there are a 150000.
And what -- they -- let me ask you what do you what do you think can help Packard -- who thinks.
Well that would sort of seem reasonable you should know they have share.
An alpaca ones that just once hold in America.
Recently for a couple years ago for three quarters of a million dollars that's a half share so I think Al.
Packers had an American have become a bubble created by uncle.
Home Uncle Sam stupid tax breaks I think it's gonna pop like the housing bubble -- and of course.
I don't think the special livestock tax breaks should exist for anybody that's -- sit in the TV special in some alpaca farmers got man.
He'll tackle owners and breeders association told its members Stossel is known for sensationalism.
And they wrote me saying they expect to be given equal time to counteract such irresponsible reporting.
So equal time.
We invited alpaca association president -- Johnson to come want to debate.
He was scheduled to be here on the show anybody canceled this morning the last second emergency came up -- But joining us is another OPEC owner Teresa raise Stossel staffs all states -- -- very close to.
She's one of the -- -- farmers who got into the business for tax reasons this alpaca is you actually -- yes so.
Was -- is evil in my report is the association says.
Well no not really because I tend to agree that there was a bubble created prices -- very inflated.
Now prices have normalized.
And people who got in -- -- -- that this is normal.
Well we don't know we could go -- -- much it could go lower.
But how prices are nowhere what they were eight years ago when we got involved in the -- -- that one that went for a quarter million dollars that's aberration.
That's not the norm.
Three quarters of three quarters of million that is not the norm why should you get these tax and you got is for the tax break we got into it for the tax benefits yes why should they accessed.
Well I -- I think they're trying to stimulate the economy it's the same as that you did the types of tax benefits that you get for opening up any small business in that you can write off your expenses.
However the difference I believe is that in the alpaca is.
Don and most agriculture you expect to have -- I had an end product what is the end product dropped packets alpaca -- while -- practice letters made by -- My sweaters made out about -- went alpaca fleece is not going for.
Three quarters of a million dollars for animal yeah.
And I didn't know that don't eat the meat no we don't eat the meat there are some people are starting to do that -- that -- in this country but it's frowned upon.
Let me read you some other.
Alpaca associations complaints in a letter to the members the association wrote alpaca breeders receive no special treatment with regard to business tax there is no bubble.
One of the association members accuse me being a racist for attacking -- -- The reason we have these special tax breaks is because of clueless pandering politicians like this one we have got to.
So -- and straight -- family based agricultural wool over this country.
-- Bernie Sanders a senator actually calls himself a socialist but I shouldn't signal about the social this park most legislators.
Like the special breaks granting people.
Exemptions makes them powerful.
And also then they can get some campaign cash and the people they favor.
That's there is little like these -- right level playing -- levels -- any stimulus.
But stimulate the economy yeah well let's just.
A level playing field with simple rules.
That everybody understands.
Half you guys sounded like tax account yes we -- we learn a lot about the tax benefits because of the advertising.
Did the alpaca owners and breeders association has put out.
And the surveys that they put out.
We know by -- members saying that the number one reason they got into it was for the tax breaks.
Well thank you series I wish they had -- association had shown up so he could pass on all those complaints that they were so upset about maybe next time.
Filter by section