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re: Here is an easy $62.5 million to address the states shortfall.

Posted on 3/3/16 at 8:57 am to
Posted by ssgtiger
Central
Member since Jan 2011
3283 posts
Posted on 3/3/16 at 8:57 am to
quote:

Tax breaks to encourage buisness and LA jobs is money you never had, and never would without attracting buisness to the state.


What about all the money the state dishes out to the movie industry? It brings very little return on investment and is money that the state pays. And if you really think all those tax breaks are for business to come to LA you are drowning in the koolaid.
Posted by Mayhawman
Somewhere in the middle of SEC West
Member since Dec 2009
10098 posts
Posted on 3/3/16 at 9:49 am to
quote:

What about all the money the state dishes out to the movie industry? It brings very little return on investment and is money that the state pays
So maybe you can explain how the state dishes out money when it's a tax credit? We don't actually pay them first to come, nor would they be here without incentive.
Many governments of thriving economies do this for industry and it works.
It is difficult to reverse a rep for reneging on business incentives and brings on slow economic suicide.
This post was edited on 3/3/16 at 9:52 am
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