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Why Louisiana Stays Poor
Posted on 2/21/20 at 12:10 pm
Posted on 2/21/20 at 12:10 pm
Yes, I saw this on Facebook and it should probably be on the Politics Board.
Very good video in the link below (15 minutes) detailing corporate subsides in Louisiana. The big takeaway for me though was the per capita corporate subsidies comparison to other states.
Texas: $89/resident
Louisiana: $2,857/resident (highest in country)
Oregon: $1,174/resident (2nd highest in country)
National Average: $291/resident
Why Louisiana Stays Poor
Very good video in the link below (15 minutes) detailing corporate subsides in Louisiana. The big takeaway for me though was the per capita corporate subsidies comparison to other states.
Texas: $89/resident
Louisiana: $2,857/resident (highest in country)
Oregon: $1,174/resident (2nd highest in country)
National Average: $291/resident
Why Louisiana Stays Poor
17
Posted on 2/21/20 at 12:13 pm to RougeDawg
Gotta keep dem Cajun VISA’s loaded fo da crab claws an crawfish baw.
Posted on 2/21/20 at 12:14 pm to RougeDawg
But hey, Louisiana is better than California or Texas - Signed, The OT
Posted on 2/21/20 at 12:15 pm to RougeDawg
Corrupt politicians and a populace who doesn't give a shite. That's why
Posted on 2/21/20 at 12:15 pm to RougeDawg
It's a left wing propaganda piece.
I'm not saying that I support all of our corporate welfare system, but the premise of the piece is that the way to pull people out of poverty is to increase revenue to the government
I'm not saying that I support all of our corporate welfare system, but the premise of the piece is that the way to pull people out of poverty is to increase revenue to the government
Posted on 2/21/20 at 12:17 pm to RougeDawg
So, letting a company keep more of its money to invest back into the economy is bad? They should instead give it to our very trustworthy government officials who then can decide which of their friends/family business get the funds?
Posted on 2/21/20 at 12:18 pm to RougeDawg
Who does gumbo pac pay to post this bs every other week?
Posted on 2/21/20 at 12:22 pm to RougeDawg
quote:
it should probably be on the Politics Board.
Should probably be on the Germans board. This has been posted a million times.
Posted on 2/21/20 at 12:22 pm to RougeDawg
quote:
Why Louisiana Stays Poor
Top 1% say different.
Posted on 2/21/20 at 12:23 pm to RougeDawg
Yet the biggest reported issue in our state is lack of employers.
We also spend more per student than most states so we have the money to spend.
Something does not add up and that is this story which uses select bits of information to conclude what the problem is in this state.
Is this story is fully honest, companies would be fighting to get into this state.
We also spend more per student than most states so we have the money to spend.
Something does not add up and that is this story which uses select bits of information to conclude what the problem is in this state.
Is this story is fully honest, companies would be fighting to get into this state.
Posted on 2/21/20 at 12:23 pm to RougeDawg
So if we kill every subsidy and give every resident a whopping $2900 per year, Louisiana won’t be poor anymore?
Posted on 2/21/20 at 12:25 pm to RougeDawg
pretty good watch. Don't know if I agree with everything said but makes perfect sense.
Posted on 2/21/20 at 12:26 pm to RougeDawg
States are not poor, people are poor, regardless where they live. No one becomes poor stepping over an imaginary line. Some regions can have an economical downturn where people who were not poor become poor, but when the economy rebounds the same people who were poor before the crash usually remain the poor. Poverty is a state of mind that can almost completely be cured by 3 things - graduate high school, get a full time job, don't have children before you are married.
Posted on 2/21/20 at 12:39 pm to RougeDawg
There’s one big reason that everyone knows
Posted on 2/21/20 at 1:01 pm to RougeDawg
A government that want to keep the poor at the poverty level, make empty promises, collect taxes, and stay rich. Democrats at its finest.
Posted on 2/21/20 at 2:06 pm to RougeDawg
quote:
The big takeaway for me though was the per capita corporate subsidies comparison to other states.
Here is what they are missing. Most states have a low tax rate and wide base and few "subsidies". LA is different.
Let's say a companies makes $50,000.
One state will tax that at 4 percent, so the tax is $2,000.
LA will tax them at 6 percent, so the tax is $3,000, but then we give them a tax credit of $1,000. Total tax is $2,000.
Yet, these idiot Dems, who don't know how finances actually work, will yell and piss and moan about how many tax subsidies we give businesses.
I think our LA business tax system is horribly screwed up and is so confusing, that it causes a lot of businesses to stay away.
Think of it another way. If we were giving away that much in subsidies to businesses, and it was really helping the business, we would have 300 Fortune 500 companies located in the state.
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