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Message
re: Is the Film Industry in Louisiana actually good for Louisiana?
Posted on 6/16/15 at 6:26 pm to glassman
Posted on 6/16/15 at 6:26 pm to glassman
Here's my thing:
I moved to uptown nola (around tulane). We had a neighbor who was a very skilled camera operator who even had a few patents on specialized devices used in the industry. Guy made bank. He bought the house, pays state income taxes, sales tax, etc. that guy would have never moved here and contributed to the state / local economy were it not for the tax credits. His house would have been rented to tulane students who contribute minimal tax revenue and statistically leave the state after school.
How do you quantify the positive effect of this guy and many many like him?
I moved to uptown nola (around tulane). We had a neighbor who was a very skilled camera operator who even had a few patents on specialized devices used in the industry. Guy made bank. He bought the house, pays state income taxes, sales tax, etc. that guy would have never moved here and contributed to the state / local economy were it not for the tax credits. His house would have been rented to tulane students who contribute minimal tax revenue and statistically leave the state after school.
How do you quantify the positive effect of this guy and many many like him?
3
Posted on 6/16/15 at 6:28 pm to Cold Cous Cous
quote:
With our money
The checks deposited don't come from the state and they are always good.
Seriously, if we ever want to get our state together, the number of state employees has to be cut in half. Won't ever happen, but a man can dream.
Posted on 6/16/15 at 6:28 pm to glassman
quote:I somewhat agree.
quote: Is $1 Billion of taxpayer money a "shite load"? 2.6% of the budget isn't much. How about Louisiana quit being the most socialist state in the entire country and firing worthless state employees? You know, the ones who have healthcare and ridiculous retirement benefits. That is always why we have a budget crisis.
I'm not a big fan of the subsidies, but in the grand scheme of things they aren't nearly as big of a deal as they are made out to be.
Posted on 6/16/15 at 6:32 pm to Brightside Bengal
quote:
How do you quantify the positive effect of this guy and many many like him?
You can't. Plus my ex-wife's specialty is renting housing to actors, producers and crew members coming here to film. I can't ever be against an industry that provides for me or my ex. I already said it was for selfish reasons.
Posted on 6/16/15 at 6:33 pm to GreatLakesTiger24
quote:
How about Louisiana quit being the most socialist state in the entire country
Socialism is socialism. It's disengenuous to rail about the socialism of having so many state workers, then knight for a socialist giveaway to the film industry.
Posted on 6/16/15 at 6:39 pm to Jim Rockford
quote:
Saw the head of the Louisiana film trade group, whatever it's called, urging Jindal to veto the bill and threatening to sue if he doesn't. He sounded like a petulant child. I'm ready to shut the whole damn thing down.
This right here. I've been around these brats. People can complain about the other businesses/industries in Louisiana all they want getting tax breaks. Many of their leaders are willing, and oil & gas specifically already has on more than one instance, to belly up to the table and negotiate as adults.
The film industry, much like the solar industry brats, has done little bit kick and scream like children. I've seen it personally with my own eyes. This is the truth.
Posted on 6/16/15 at 6:40 pm to Hermit Crab
quote:
Is LA actually covering a part of the cost for movies, or that the amount of taxes that aren't paid by the movies because of the tax credits?
These are refundable and transferable tax credits. That means that if a production company has more money in tax credits than they actually owe in taxes, the state writes them a check for the difference.
Now, most of the big production companies are not actually based here in Louisiana, and they have very little Louisiana tax liability. So the result is that the state writes them a big fat check for far more than they actually owed in taxes in the first place. Calling that a refund is a misnomer in my book. It's a subsidy.
Now, the argument in favor of the program has always been that it creates jobs. And it does, but the majority of those jobs are transient and they end when the production ends.
Posted on 6/16/15 at 6:46 pm to Brightside Bengal
quote:
His house would have been rented to tulane students who contribute minimal tax revenue and statistically leave the state after school.
How do you quantify the positive effect of this guy and many many like him?
Anecdotes aside, I would start by quantifying the percentage of Greenies who stick around after college vs. the percentage of gaffers who stick around after the wrap party. I'd bet that many more of the former actually do stay in state, as compared to the latter.
Posted on 6/16/15 at 6:49 pm to Brightside Bengal
quote:
How do you quantify the positive effect of this guy and many many like him?
I imagine for an economist it's very quantifiable, though for the average poster shooting off a few words on a phone during work it's quite the challenge
Posted on 6/16/15 at 7:10 pm to Cold Cous Cous
quote:
Anecdotes aside, I would start by quantifying the percentage of Greenies who stick around after college vs. the percentage of gaffers who stick around after the wrap party. I'd bet that many more of the former actually do stay in state, as compared to the latter.
Posted on 6/16/15 at 7:11 pm to Cold Cous Cous
quote:they're moving here in droves.
Anecdotes aside, I would start by quantifying the percentage of Greenies who stick around after college vs. the percentage of gaffers who stick around after the wrap party. I'd bet that many more of the former actually do stay in state, as compared to the latter.
crew members and executives alike.
This post was edited on 6/16/15 at 7:12 pm
Posted on 6/16/15 at 7:19 pm to Jim Rockford
quote:
Socialism is socialism. It's disengenuous to rail about the socialism of having so many state workers, then knight for a socialist giveaway to the film industry.
I already said it was for selfish reasons. But, 2.6% of the state's budget isn't a big deal. People are the biggest cost in any enterprise, whether public or private. Benefits and absurd retirement packages for state employees dwarf the film industry credits. Can anyone justify that Louisiana has the same amount of state employees as Pennsylvania? I'd argue that their residents get better service than we do. We have the most ridiculous sense of entitlement in the country.
Posted on 6/16/15 at 7:38 pm to tduecen
Of course it is
Posted on 6/16/15 at 7:45 pm to Nughuffer
quote:
Poor Baton Rouge. Arguably one of the worst capitals in the US.
I would put BR at about the middle. That winter tour of Juneau AK, Helena MT, Bismark ND, Augusta ME, and Pierre SD doesn't interest me that much. Then for the mid size Capitals Louisiana food alone should put Baton Rouge clear above Springfield IL, Santa Fe NM, Lansing MI, etc.... add in some LSU tailgating, loosely enforced open container laws, and close proximity to New Orleans and that's your middle of the range Capital City!
Posted on 6/16/15 at 7:47 pm to Ancient Astronaut
Glassman complains about socialism yet demands that the government fund 30% of the cost to produce film and TV.
Classic non sequitur douchebaggery by the entitled film industry crowd.
Classic non sequitur douchebaggery by the entitled film industry crowd.
Posted on 6/16/15 at 7:54 pm to Asgard Device
quote:
Glassman complains about socialism yet demands that the government fund 30% of the cost to produce film and TV.
I get that, and you are correct. With oil in the shitter, tourism, the movie industry and the ports of this state are providing some serious and vital revenue and jobs. Not one person can say we don't have way too many state workers that we all pay a lot more to than the movie industry.
Posted on 6/16/15 at 8:11 pm to GreatLakesTiger24
quote:
they're moving here in droves.
crew members and executives alike.
This may be true. It's clear that somebody has been moving here in droves over the pats couple of years, but for the life of me I can't figure out who the frick it is.
Posted on 6/16/15 at 8:12 pm to tduecen
Are you somehow connected to the local movie business? Based off your last couple threads, I'd say you know a little something about the industry.
Posted on 6/16/15 at 8:13 pm to glassman
If we're going to talk about things that are not germaine to the OP then how about this.
You could nearly abolish ALL corporate income taxes for what the film subsidies cost.
More was spent by the state to subsidize one movie in New Orleans than was spent on the ENTIRE budget for UNO in that same year.
You could nearly abolish ALL corporate income taxes for what the film subsidies cost.
More was spent by the state to subsidize one movie in New Orleans than was spent on the ENTIRE budget for UNO in that same year.
Posted on 6/16/15 at 8:17 pm to Asgard Device
quote:
You could nearly abolish ALL corporate income taxes for what the film subsidies cost.
This is nuts if true. Even if you accept that it makes sense to draw industry here in general, what makes the film industry specifically so much better than all the rest that it deserves a sweetheart deal that nobody else gets?
The real answer is probably something like "movies are cool."
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