re: California to quadruple movie tax credits to $400 million/year

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If the subsidy is smart for Louisiana, then logic dictates that it would be smart for California, too.

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Uh....nope. The film industry that distributes the films is different from the industry of production companies.

I have no facts, but I am assuming the distribution ends up being where all the millions are made. Example, if Gladiator was filmed in Rome, the proceeds form the film's box office gross don't go to Rome, right.

My point is simple and yes, goes both ways....dumb people who argue it has no value to Louisiana are simply that, DUMB. Why else would CA counter with even larger breaks/incentives if there weren't a ton of value in bringing the parts of the industry we took back to CA? I was more alarmed when CA wasn't freaking out! Any time a competitor is fine with you taking a segment of their portfolio, that tells me that segment wasn't that important to start with. Apparently, the segment Louisiana stole was very important and has a strong economic boost to the area.

I've seen arguments and #'s that show the subsidies cost the state $$, but those arguing that didn't take the totality of positive economic impact in all areas, including jobs created and taxes from those employees and other businesses whose profits rose from the industry being located here.

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If the subsidy is smart for Louisiana, then logic dictates that it would be smart for California, too.

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Yes, if it were identical, but when it's even larger, that same logic dictates it has been tremendous for the state and NOT a money loser like many morons thought!