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re: Why Louisiana stays poor
Posted on 11/15/18 at 7:57 am to Ole War Skule
Posted on 11/15/18 at 7:57 am to Ole War Skule
quote:
EXCELLENT video. Don't be a knucklehead and react negatively without listening and trying understand how absurd our tax exemption policies are here. Businesses DO NOT locate here for tax exemptions, they locate here because they HAVE TO. We don't take advantage of our natural resources, but give them away. Wake up people.
Incorrect! Read my post earlier. I am literally at my jobsite on a billion dollar expansion of an existing plant that could have been done in TX but the parent company chose LA because of the exemptions. I already know another project my company has for one of the facilities mentioned in the video. It's another billion dollar expansion that again the company chose LA over TX.
You need to wake up and realize without these capital investments, LA economy isn't shite and we get tax dollars BECAUSE of these capital investments.
1
Posted on 11/15/18 at 8:39 am to rowbear1922
quote:
You need to wake up and realize without these capital investments, LA economy isn't shite and we get tax dollars BECAUSE of these capital investments.
You have no idea what you're talking about. Louisiana subsidies and tax exemptions to the petrochemical industry DWARF what Texas has done. You're cherry picking ONE facility. This is typical top down socialist governmental planning that any free market capitalist should be against.
Louisiana residents have bought this BS forever, that we can't tax large businesses or they won't come here. Movie biz, petro chem, whatever. I can't find a link to it, but the Advocate did an excellent series on this some years back showing how much more Louisiana gives than any state to the 'chosen' industries.
I built a warehouse years ago for a small manufacturing facility and got a 10 year tax exemption. Sure as hell took it, but I was going to build anyway. Petro chem facilities on the Mississippi are there because there's only 1 Mississippi. Sure, there's one or two that may consider another locations, but the VAST majority are there because that's what makes economic sense, and the very small property taxes don't even show up on the income statement relative to the volume of business done.
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