re: BASF Geismar sheltering in place (L2 chem leak)

quote:

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You realize that the plants are going to just build something else in 10 years to get the tax break again right? And what company in their right mind is going to dig up a billion dollar factory and move it all to Texas over a few million a year in taxes? I can understand the tax subsidy for the initial build, but the rest is just fluff.

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i realize im just a dumbass engineer but let me break it down to you


1) yes they build new units after about 10 years, guess what.....the units they built prior are not subject to the new property tax break. They only get it on the initial build for 10 years. it expires after that and is very very very rarely extended. You are showing complete ignorance here

2) i didnt say anything about digging and moving an existing plant. are you under the impression that they get tax breaks on exisitng plants after the 10 years are up and that plants dont pay taxes? because if you are....well you are a special kind of stupid

but they would stop building new unit or plants here and you could kiss all those high paying jobs good buy.

as far as the paper mill in washington parish, if its been there for more than 10 years...it pays taxes unless your local school board is dumb enough to keep granting excemptions. Did they get the excemption for the 52 million dollar upgrade last year.....im sure they did but it will only be on the 52 million upgrade, not the whole plant. and you are telling me a company that ~500 direct employees at an avg salary of over 85k is a net negative asset for an area as poor as Bogalusa?

you realize IP is one of the largest employers(maybe the largest i dunno) in the parish right? the median HOUSEHOLD income in Bogalusa is 31k....so a company that employees ~500 at 3 times the median household income is a net drain on the economy??? how fricking stupid are you??