Percy is the world's foremost authority on the proper tax treatment of carried interest.  He believes that carried interest should be taxed the same as the gains or income from which it is derived. Click here for all of his carried interest posts.

I went into a tailspin after watching Congressman Eric Cantor's (R-Va) interactive film, "Carried Interest Tax Adventure."  My wife became so alarmed about my mental state that she ordered my staff to wipe off the tips of the poison-tipped bone spears I use for wild boar hunting and World of Warcraft reenactments.  Here's a glimpse at the awfulness of the "film":



I'm glad Congressman Cantor is an ally in the struggle against efforts to impose discriminatory taxes on alternative asset managers, but public relations efforts that look like they were created by Eastern European porn merchants, or 5th-graders, are going to do us more harm than good.

On the plus side, my mood was lightened somewhat by the most recent stunt of the Service Employees International Union.  Here's what they did yesterday:


We can always count on the jesters at the SEIU to divert attention away from our own public relations failings.   Their unrelenting douchenozzlery will drive more people into our camp than any p.r. stunt we could dream up  for ourselves.  Previously.