re: Why Louisiana stays poor

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Louisianas Economy is rough unless your In Baton Rouge or New Orleans

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ahem

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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.

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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.

We all know that. You're preaching to the choir here

Just saying that bringing in the snowflake/thunderstorm thing was pretty dumb when you have so much other ammo

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Yep. “Trickle down” is pure BS:

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Oh it trickles down...burning piss from the cock of corruption

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One has to wonder what EBR is spending their money on

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Corruption...

And honestly it's not the education itself...

People do not want their kids going to low scoring schools...so it's all of it, relatively safe demographics, new facilities, polished teachers and staff

Outside people aren't moving in unless that's in place...or they will be buying education outside of the public system

Uneducated population voting in the same corrupt lawmakers because they are Republicans. Lawmakers use religion and fear to control the uneducated.

here's an article on why people are flocking to TX.

LINK

10 reasons why so many people are moving to Texas

1. Jobs.

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The unconventional oil and gas boom has helped turn Texas into an economic juggernaut, particularly world energy capital Houston, but growth has also been strong in tech, manufacturing and business services."

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2. It's cheaper.

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Once employed, it's hugely important that your pay cheque goes as far as possible, says Kotkin.

"New York, LA and the [San Francisco] Bay Area are too expensive for most people to live, but Houston has the highest 'effective' pay cheque in the country."

Kotkin came to this conclusion after looking at the average incomes in the country's 51 largest metro areas, and adjusting them for the cost of living. His results put three Texan areas in the top 10.

Houston is top because of the region's relatively low cost of living, including consumer prices, utilities and transport costs and, most importantly, housing prices, he says.

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3. Homes.

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Land is cheaper than elsewhere and the process of land acquisition very efficient, says Dr Ali Anari, research economist at the Real Estate Center at Texas A&M University.

"From the time of getting a building permit right through to the construction of homes, Texas is much quicker than other states.

"There is an abundant supply of land and fewer regulations and more friendly government, generally a much better business attitude here than other states."

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4. Low tax.

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Texas is one of only seven states where residents pay no personal state income tax, says Kay Bell, contributing tax editor at Bankrate and Texan native.

The state has a disproportionate take from property taxes, which has become a big complaint among homeowners, she adds. But overall, only five states had a lower individual tax burden than Texas, according to Tax Foundation research.

There are also tax incentives for businesses and this week legislators cut more than $1bn off proposed business taxes.

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7. Family-friendly. Because of its good-value housing, Texas has been particularly popular with families, and some of its cities now have an above-average number of children.

In Texas, you can have a reasonable mortgage and pretty good schools, says Grieder. And restaurants are invariably family-friendly.

8. Fewer rules.

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"Texas is liberal in the classic sense, it's laissez-faire, so there's a lack of regulations," says Grieder, and this can apply to the obvious (business regulations) or the less obvious (city rules).

"The classic social contract is - we're not going to do a ton to help you but we're not going to get in your way. That's not 100% true of the state but there's that strand in the state."

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9. Texans are normal people.

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The state likes to proclaim itself as an unpretentious, down-to-earth place where people are easy to get along with.

As John Steinbeck wrote: "Texas has a tight cohesiveness perhaps stronger than any other section of America."

And for people with conservative values, it could be a natural home, although demographic shifts have prompted speculation it will be a Democratic state in the future.

People dream about moving to California, but they don't dream about moving to Texas, says Grieder, yet many of those reluctant to move there end up liking it.

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10. And they're not going anywhere..

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All this doesn't just bring in new arrivals - native Texans aren't leaving the state either. It is the "stickiest" state in the country, according to the latest figures from the Pew Research Center, which suggest that more than three-quarters of adults born in Texas still live there. Alaska is the least sticky.

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Louisiana will never compare favorably with large states like Texas. We should however strive to be competitive with states similar in size/population like Arkansas, Alabama or South Carolina.

One simple ratio known as the “tax burden” helps cut through the confusion. Not to be confused with tax rates, which vary widely based on an individual’s particular circumstances, tax burden measures the exact proportion of total personal income that residents pay toward state and local taxes. And it isn’t uniform across the U.S., either.

To determine which states’ residents bear the biggest tax burdens,analysts compared the 50 states across the three tax types that make up state tax burden — property taxes, individual income taxes, and sales and excise taxes — as a percentage of total personal income in the state.

New York is ranked #1 as expected
Louisiana is ranked #29
Texas is ranked #34

In 2012 Louisiana was ranked #45, this goes to show you how much residents have been taxed in 5 years to make up for the budget cuts.

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Uneducated population voting in the same corrupt lawmakers because they are Republicans. Lawmakers use religion and fear to control the uneducated.

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I can tell you know nothing about Louisiana.