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Message
re: Why Louisiana stays poor
Posted on 11/15/18 at 5:38 pm to Mingo Was His NameO
Posted on 11/15/18 at 5:38 pm to Mingo Was His NameO
quote:
It's not about them leaving, it's about expansion retard. Do you want to keep the state GDP the same while that money gets 2% or so less valuable every year? That makes no sesne.
^^^this. Plus ITEP rolls off after 5 or 10 years (depending if an extension is granted) so you realize those gains down the road. Plus these companies have to meet a quality jobs requirement before they can receive ITEP.
0
Posted on 11/15/18 at 6:16 pm to Sayre
So you think this state stays poor because we don’t have enough tax money coming in, despite raising, and spending, more tax dollars per resident than most other states?
Posted on 11/15/18 at 7:51 pm to Golfer
I didn't see it as them saying "we have the solution". It was them pointing out that all the subsidies haven't resulted in good outcomes in any of the metrics they feel are important. It's a compelling set of stats.
I don't think giving teachers a 10% raise will suddenly create better students, but I also don't think they're being unreasonable when they criticize the state giving away tax breaks that were voted on by, and directly affect local communities.
A rational person might say well, okay let's try something else. Maybe try removing the subsidies and replacing it with across the board tax-cuts? Unfortunately it's a very polarized situation we're in and nobody really gives a crap about anything other than narrative.
I don't think giving teachers a 10% raise will suddenly create better students, but I also don't think they're being unreasonable when they criticize the state giving away tax breaks that were voted on by, and directly affect local communities.
A rational person might say well, okay let's try something else. Maybe try removing the subsidies and replacing it with across the board tax-cuts? Unfortunately it's a very polarized situation we're in and nobody really gives a crap about anything other than narrative.
Posted on 11/15/18 at 9:46 pm to DavidTheGnome
The real question should be is how much total taxes, not just property taxes, these companies pay annually, and is it a fair amount relative to rates of other states?
Because of different tax structures, it's not an easy number to obtain, and may not fit the narrative this video is trying to convey.
Because of different tax structures, it's not an easy number to obtain, and may not fit the narrative this video is trying to convey.
Posted on 11/16/18 at 7:01 pm to 2tigergo
quote:
The real question should be is how much total taxes, not just property taxes, these companies pay annually, and is it a fair amount relative to rates of other states?
Of course it's not the whole truth. They pay around $16.5m in state income taxes. I think part of the problem is that the state gets theirs but is somehow able to cut local entities out. I think Exxon still pays $32m a year in property taxes though. Some of the other plants they mentioned are better examples of what they're talking about.
Posted on 11/17/18 at 12:09 am to HailHailtoMichigan!
quote:
Louisiana is poor because of cultures that foment counterproductive and socially destructive habits and behavior.
This.
Posted on 11/17/18 at 1:07 am to Sayre
quote:
The obvious idiocy of this post is the glaring disparity of the way we do things versus every other state. Texas gets much more tax revenue and the companies aren't being taxed into oblivion nor are they running out of the state.
quote:
0 Replies
Posted on 11/17/18 at 7:09 am to Golfer
In the long run? How about the $7 BILLION grassroots plant that ExxonMobil took to Corpus because Governor Honor Code was openly disinterested and did nothing to attract the project here? In fact, he royally f-ed up the ITEP program as one of his first acts as Governor (after his equally stupid Medicare expansion) which only served to give Texas yet another leg up on attracting mega-projects. I mean, why would we want 10,000 construction jobs or several thousand high paying permanent jobs. Of course, most of those hired would be well educated enough not to vote for him, so there is that.
Posted on 11/17/18 at 7:24 am to Hammertime
You couldn’t be more wrong. When Texas already has all the aforementioned advantages over Louisiana, gutting ITEP is easily a tipping point. And for a global company like ExxonMobil or Formosa, it’s not just Gulf Coast states competing for projects, there’s Singapore and Thailand and the Middle East. And L. O. L if you don’t think other prospective places around the world don’t offer incentives.
Posted on 11/17/18 at 7:29 am to Sayre
quote:
Sayre
You really are completely clueless. Quit talking out of your backside. I ignored your steady stream of ignorance until I got to this gem saying that legal climate has nothing to do with site selection. You couldn’t be more wrong, and unlike you, I’m actually involved in site selection discussions.
Posted on 11/17/18 at 7:36 am to The Torch
quote:
All you have to do is go to Walmart at 11 am on a workday to see the problem.
1/2 the store will be packed with "people" still in their pajamas indicating that they don't work, try to work or ever expect to work.
So everyone that works do so during 11am
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