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re: .
Posted on 3/27/14 at 10:15 pm to Asgard Device
Posted on 3/27/14 at 10:15 pm to Asgard Device
quote:
They can create jobs easily enough, it's a question of if the capital expended to create these jobs could have been more productive if left in the market. The answer is almost inevitably yes.
quote:
I remember thinking that my economics professor was a tool for repeatedly telling us that ANY intervention or favoritism by government results in decreased efficiency for an economy as a whole. Now, I'm not so sure. I suppose I am getting old.
I basically agree with the above with a few exceptions. I think expenditures on setting up a basically orderly society (court system, law enforcement, patent office, etc) creates a basic framework in which business can thrive.
Businesses do better in a minimal government setting than in anarchy.
Also spending on infrastructure: roads, water, sewage, power, etc. (Not that the construction of these things cannot be contracted to a private party.) Again, allows commerce to take place in a more efficient manner.
Lastly, education. Public education is a boon to the economy as screwed up as it is.
But those aren't what most politicians mean by "creating jobs."
And most jobs "created" at the state and local level are really just jobs swiped from another state or locality. But in the case of Louisiana getting those jobs, screw those other states!
3
Posted on 3/27/14 at 10:19 pm to BigJim
quote:
I think expenditures on setting up a basically orderly society (court system, law enforcement, patent office, etc) creates a basic framework in which business can thrive.
Those monopolies are just as inefficient as any other.
Posted on 3/27/14 at 10:22 pm to BigJim
quote:
But those aren't what most politicians mean by "creating jobs."
And most jobs "created" at the state and local level are really just jobs swiped from another state or locality.
Yep. When I was in Tampa, they paid a company to create 300 white collar jobs in the area. 7 years later they bought a company in Atlanta and got paid to create 300 "new" jobs by relocating those people from Atlanta to the county just north of Tampa. They then laid off most of the people in Tampa since they were now replaced by the people in the neighboring county. I'm sure they did a swap out, but anyway a lot of people LOL'd at how stupid it was but the politicians still enjoyed the headlines. Companies are gaming us big time.
I guess the next step would be to get Louisiana to pay them to move the jobs over here and then when that's done, get Georgia to pay them to move them back, and so forth and so on.
This post was edited on 3/27/14 at 10:27 pm
Posted on 3/28/14 at 8:55 am to BigJim
quote:
And most jobs "created" at the state and local level are really just jobs swiped from another state or locality. But in the case of Louisiana getting those jobs, screw those other states!
In this statement you see the justification these Jindalicans use for punishing other state businesses with tax burdens higher than necessary to do things like buying chicken plants, subsidizing filmmakers and building syrup mills.
Never do you hear an economist hired by LED or some industrial development advocacy group attempt to estimate the negative impact of taking taxes out of the economy to subsidize a particular industry of the day.
You will not find any LSU economist willing to take on his employer--the state of Lousiana--in regards to "negative" multiplier impacts of LED giveaways.
That said many LED programs do not take away from taxpayers. Programs like the Enterprise Zone credits and the jobs credits programs are funded with taxes the actual recipient creates. New taxes if you will. They are basically tax forgiveness programs not subsidies like the digital and film tax programs Big Jim so loves.
BigJim and those that think like him support picking and choosing winners in the state subsidy giveaway business.
If you are an existing business in Louisiana politicians want to tax you to take care of industries friendly to their political careers.
The proverbial snowball in hell has a better chance than do taxpayer advocates trying to end film subsidies as long as we have a governor running for some national post.
The film tax subsidies in Lousiana---by far the largest film industry subsidies in the country totally now over $1 billion of taxpayer money--are going to remain because Jindal does not want to fight with the media giants that ultimately benefit from them while he seeks to placate his political ambitions.
Government does not create jobs. We may steal a few jobs from other states occasionally but it is asinine to engage in such tit for tat crap with taxpayer money. (Who wants an industry that depends on bribes to remain in your state?)
This post was edited on 3/28/14 at 9:10 am
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