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John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

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Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#191
post #150

Earlier quoted context omitted.

Jesus. The guy creates and hosts a weekly political comedy show, researches topics, has a network spending hundreds of thousands of dollars on those topics, and you think it's a fair comparison to someone whose activism extends to "clicking the Like button on facebook". And you're the one calling his attitude "holier than thou".

Ok slow down there. They don't SPEND hundreds of thousands on those topics, they MAKE hundreds of thousands on those topics. Comedy Central/Viacom is not UNICEF and John Oliver is not a career humanitarian. They entertain people. When that is too hard they just pander to the most prominent demographic to gain viewership because that's how they generate revenue.

> Comedy Central/Viacom is not UNICEF and John Oliver is not a career humanitarian

His show is on HBO, not Comedy Central.

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#192

Earlier quoted context omitted.

How exactly is forgiven debt considered income?

As creditor, you file a form 1099-C with the IRS: https://www.irs.gov/pub/irs-pdf/f1099c.pdf The borrower also gets a copy, and the IRS will know to look for it when the borrower files his taxes.

Just to add a bit of context around that PDF - "Topic 431 - Canceled Debt – Is It Taxable or Not?"

https://www.irs.gov/taxtopics/tc431.html

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#193
post #150

Earlier quoted context omitted.

Ok slow down there. They don't SPEND hundreds of thousands on those topics, they MAKE hundreds of thousands on those topics. Comedy Central/Viacom is not UNICEF and John Oliver is not a career humanitarian. They entertain people. When that is too hard they just pander to the most prominent demographic to gain viewership because that's how they generate revenue.

You're under the impression that all that matters is the final number. They're still spending that money, regardless of whether they make it all back. Let's say I win some lottery and I MAKE $100k. I decide to SPEND $90k of that by giving it to charity. My gesture doesn't count because I'm still in the net positive by your logic. Yes, he runs a profitable show. Nobody said he's a career humanitarian. But you said, qu…

So you don't question the motivations of a televangelist minister with private jets as long as he spends some money on what appear to be altruistic purposes? If I said that guy is just using peoples emotions and beliefs to generate revenue would that be "offensive to just about everybody".

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#194
post #66

Earlier quoted context omitted.

It's a good show (he's funny and you learn stuff) but it's way too preachy. He gets just a little too excited about things that are basically impossible for anyone to get excited about. Clearly pandering to the young, left crowd. I'm sure it makes some people feel very warm at night but it gives me a bad taste in my mouth after binge watching.

My main problem with John Oliver is that he often chimes in on subjects he doesn't know anything about with folksy common sense logic that is often wrong. I remember him mocking some system for using tapes for storage on the belief that a technology that is so old cannot possibly be useful in modern technologies. In his latest clip, he mocks information being passed by Excel. How does he think things happen? Some mag…

Passing that kind of information as Excel file is as horrible as passing it scribbled on a piece of tissue.

If someone sold my debt (which is already stinky because after that I have relationship with a party I never entered any relationship with) I'd hope that what's being sold is bit more than my name with "iou" and some numbers. If not original agreement, then at least a statement from notary that had seen my credit agreement and someone who attests at some high penalty that it was not paid yet.

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#195
post #66

Earlier quoted context omitted.

It's a good show (he's funny and you learn stuff) but it's way too preachy. He gets just a little too excited about things that are basically impossible for anyone to get excited about. Clearly pandering to the young, left crowd. I'm sure it makes some people feel very warm at night but it gives me a bad taste in my mouth after binge watching.

My main problem with John Oliver is that he often chimes in on subjects he doesn't know anything about with folksy common sense logic that is often wrong. I remember him mocking some system for using tapes for storage on the belief that a technology that is so old cannot possibly be useful in modern technologies. In his latest clip, he mocks information being passed by Excel. How does he think things happen? Some mag…

Doesn't he have a team of writers whose job it is to understand the subject matter?

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#197
post #86

Earlier quoted context omitted.

John was smart, likable, and funny. Even my most vocal right wing buddy watched him because he was informative and entertaining. Stewart was quick on his feet and could out think anyone Fox news could pit against him. Colbert was Stewart on steroids in a verbal battle of wits and watching him repeatedly dismantle Bill O'Riley and President Bush made my jaw drop. No one has to adhere to an arbitrary ratio of anything…

John Yoo pwned Stewart when he had him on. And what about the infamous "How are you holding up?" interview with Kerry?

True, but John Yoo is lawyer than had been thinking about his ideas (read: rationalizations) for years, written books, taught classes and so on. You couldn't really expect Stewart to win the argument...

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#198

I'm not aware of any other show that so seamlessly combines rip-roaringly funny comedy with essential insight into the way our society and system of government is deeply flawed. And on top of that, he even manages to direct action to fix the issues he draws attention to -- taking down the FCC website being one example[1]. [1] https://www.theguardian.com/technology/2014/jun/03/john-oliv...

It's a good show (he's funny and you learn stuff) but it's way too preachy. He gets just a little too excited about things that are basically impossible for anyone to get excited about. Clearly pandering to the young, left crowd. I'm sure it makes some people feel very warm at night but it gives me a bad taste in my mouth after binge watching.

This reminds me of the way South Park feels sometimes when (in my opinion) they're off the mark by a bit.

The show is really funny until you're on the wrong side of the one of their jokes. Or when they oversimplify something you know a lot about.

Preachy is the appropriate word. I really wish he (and his writers) would watch that. Somewhere in the rumor mills there is a story about John Stewart disagreeing with his writers because of how left and preachy they were as well.

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#199

Earlier quoted context omitted.

Umm isn't that sort of the whole point.

It's not at all obvious how much they actually paid, and comparing it to Oprah's $8M car giveaway is certainly dramatic but pretty disingenuous. It's unlikely the debtors would have ever ended up repaying anything close to $15M (in fact, presumably closer to $60K)

He stated exactly how much they paid for that $15m debt in the video and even how they wrote off most of the cost of the taxes they would have had to pay it in the video.

Re: John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

#200
post #78

Earlier quoted context omitted.

Could you give an example of said facts and an alternative interpretation of them?

His interpretation of the Venezuelan crisis. He pointed to the price of oil driving the issue. Nowhere did he mention the crazy socialist/populist programs that Chavez and his successor Maduro. The main problem in Venezuela is the erosion of property rights. Nowhere in the report was this mentioned.

What makes it a fact that the erosion of property rights is more so a driving issue that the price of oil?
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