re: Why Louisiana stays poor

Regardless of political party there has always been corruption in Louisiana.

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.

quote:

---

please define these "natural resources"

---

oil, natural gas, Mississippi River, access to Gulf of Mexico....you didn't know about these things?

quote:

---

Ole War Skule

---

Just FYI, you really don't know what you are talking about.

You are akin to the people that say Trump doesn't pay taxes because he correctly used an NOL to offset income tax. They conveniently forget the 10s of millions of property, employment, and excise taxes paid during the same period.

quote:

---

And that's good for them, but not everyone wants to live in a concrete jungle.

---

I live in NW houston with plenty of houses but also plenty of green space.

You factor in all the items I outlined earlier and staggering how much money you can save in TX vs. LA. We save $403/month alone on car insurance savings, house insurance, and cheap electricity due to energy deregulation. Our October electric bill was $35.30 and gas was $25.11 for a 3,887 sq ft home.

A huge reason I left was the terrible roads. I'm also not a fan of "big government" conservatives / religious right that are just littered in this state.

quote:

---

3,887 sq ft home

---

I think you're missing Rogers point

quote:

---

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.

---

Considering my career is in industrial construction, I actually do know what I am talking about as I sit in my office on a billion dollar chemical plant expansion. I can also tell you first hand how the cap on tax exemptions crippled the movie industry in Louisiana compared to before.

The projects I have done and the ones I know coming down the pipeline could all easily be done in TX or a number of other facilities but LA was chosen because of those tax exemptions. I am not saying every single one should be approved (like your warehouse) but when a company is looking to spend billions of dollars and is deciding between a few places, the one offering the best deal gets their business and tax dollars.

Look at Nashville, which was just announced for a huge Amazon investment, you think the $102M they are offering Amazon is not worth the 5,000 full-time jobs it's bringing too? I promise NOT. ONE. SINGLE. PERSON. in Louisiana would bitch if we offered Amazon these tax exemptions to get what Nashville is getting.

Links incase you don't know:

LINK

LINK

quote:

---

Amazon is in store for $102 million in combined government incentives from the state of Tennessee and Metro Nashville in exchange for the 5,000 high-paying jobs the company's new operations site would bring downtown.

---

quote:

---

In all three locations, the average salary for new employees will exceed $150,000 per year, Amazon announced. That six-figure salary looks very different in Nashville, though, where $150,000 will stretch much further than in New York City or Arlington.

---

quote:

---

Because a majority of the state is stupid and proud of it.

---

I don't think they're stupid, they're just complacent.

Most people in La have given up on change long ago, they've got a defeatist attitude toward the State in general. However it's a great lifestyle for them personally so they don't worry too much about it.