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Old 01-21-2019, 09:08 AM
 
Location: Denver
14,418 posts, read 20,897,649 times
Reputation: 9325

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I've been saying this for years.
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Old 02-08-2019, 03:07 PM
 
951 posts, read 317,123 times
Reputation: 1490
Corporate welfare is one of the largest scams on the american people. Artificially propping up businesses should be criminal. If they cannot stand on their own, let them fail. No one cares if you or I fail.
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Old 02-08-2019, 04:38 PM
 
Location: Denver
14,418 posts, read 20,897,649 times
Reputation: 9325
Quote:
Originally Posted by Snowpacked View Post
Corporate welfare is one of the largest scams on the american people. Artificially propping up businesses should be criminal. If they cannot stand on their own, let them fail. No one cares if you or I fail.
They call that "business friendly" over here.
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Old 02-08-2019, 06:22 PM
 
Location: Baltimore
6,397 posts, read 2,703,821 times
Reputation: 4117
Folks on these southern boards never seem to equate an educated populace to wealth/income..why? How do y’all not see that? You need to invest heavily in education over 20-30 years and constantly revise in order to become demographically exceptional.
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Old 02-08-2019, 07:08 PM
 
712 posts, read 645,561 times
Reputation: 1632
Quote:
Originally Posted by BostonBornMassMade View Post
Folks on these southern boards never seem to equate an educated populace to wealth/income..why? How do y’all not see that? You need to invest heavily in education over 20-30 years and constantly revise in order to become demographically exceptional.
Millions of people with pieces of paper makes no difference without the jobs. The solution we always hear from one side is more and more education. But jobs don’t appear out of nowhere. If demand is already met in an economy then more people with degrees are competing for the same jobs, the same number of people will be in the same situation, and unfortunately these people will have spent and owe hundreds of thousands of dollars propping up teachers, professors, textbook writers, administrators and academics with literature degrees.

Louisiana is in the position it is economically because it is located near the economic powerhouse of Texas and Florida. The big time jobs are going to go there. States like Iowa have an agricultural base which Louisiana does not have.
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Old 02-09-2019, 01:06 AM
 
Location: Evanston, Lake Forest, and Wrigleyville, Illinois
1,998 posts, read 1,186,675 times
Reputation: 2396
Louisiana is not 'poor.' There is no 'poor' place in the United States. The U.S. is one of the richest countries in the world with the world's richest large middle class in USDs. Every locality cannot be above average. Below average does not mean 'poor'. It means below the other half.
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Old 02-09-2019, 08:14 AM
 
4,018 posts, read 2,745,554 times
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Quote:
Originally Posted by Hiruko View Post
Louisiana is not 'poor.' There is no 'poor' place in the United States. The U.S. is one of the richest countries in the world with the world's richest large middle class in USDs. Every locality cannot be above average. Below average does not mean 'poor'. It means below the other half.
You miss the mark here, Hiruko. After doubting it myself, I consulted with friends in the oil and gas industry for a better opinion.

The comparison is not with Burundi or Malawi, but with other parts of the US. The idea that those industries should not be taxed at higher rates is ludicrous. The additional revenue would seriously help parts of the state that need it and would not affect those industries in any impactful way.
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Old 02-09-2019, 09:46 PM
 
8,291 posts, read 4,658,535 times
Reputation: 17388
Quote:
Originally Posted by Hiruko View Post
Louisiana is not 'poor.' There is no 'poor' place in the United States. The U.S. is one of the richest countries in the world with the world's richest large middle class in USDs. Every locality cannot be above average. Below average does not mean 'poor'. It means below the other half.
Louisiana is a poor state. Just because Bangladesh is poorer does not make Louisiana not poor.

If you haven't eaten in 2 days, it doesn't mean you are not deprived of food because someone in another country hasn't eaten in 4 days, and everyone knows that people in the U S eat a lot.

By American standards among the states, Louisiana is at the bottom. It's at the bottom in other ways, too.
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Old 02-09-2019, 10:00 PM
 
8,291 posts, read 4,658,535 times
Reputation: 17388
Quote:
Originally Posted by slowlane3 View Post
A very revealing video, made in Nov. 2018, shows how the State of LA gives oil, gas, and chemical corporations huge tax-writeoffs, while its demographic metrics remain among the lowest in the nation. Texas, by contrast, taxes them much higher.

you think this is wrong, sign a petition at https://www.togetherla.org/taxfairness
I didn't watch the video, but I will add that the situation got worse under Bobby Jindal. He pushed for and got from the legislature a huge tax cut for corporations, which swiftly lead Louisiana to go into deep debt. (There are charts and explanations on the internet, showing the cuts take effect and the debt rise.)

This is repeated over and over again by some politicians in this country, when all the evidence shows that a tax cut that isn't paid for adds to debt and hurts the economy in the long run. It doesn't spur the economy. It's elementary. You cut the revenue, debt goes up. Corporations pay less on taxes, but they don't spend more on employees or business. That's not how business works. You spend on business when, and only when, you need it. You hire new employees when,and only when, your business increases to the point that you have to hire more.

Corporate tax cuts to lure businesses is supposed to pay off. Texas gives sweet tax deals to corporations and has been very successful at it. But you don't just give away your revenue. I believe you're supposed to get with experts and work out the future, to see when (not if) the revenue you lose now comes in three-fold in the future. In other words, it's not a giveaway. It's a deferment. The business is supposed to make certain guarantees...number of locals they will hire, what housing they will need, how much money they expect to spend on services and products locally, how much revenue they reasonably expect to make here, whether they might expand, how many current employees do they expect to transfer here, etc.

Jindal apparently didn't do that. They just gave away the store without anything in return.

Compare to a big co. that north of Dallas got. How large the facility would be (big rental in big office complex), how many employees they'd be moving in (increase in population, so increase in the tax base; those people will need housing, which would spur the real estate market; those new people will buy products & services); how many locals they will hire (decrease in unemployment; spurring the economy as unemployed make wages to spend on products & services, AND pay taxes); etc.

So Texas has maybe a loss for a while, but not that long. Because it gained from the new company. All those people paying taxes, buying house and products and services. The new co. buying products and services and paying the reduced tax.

It seems La. just lost on the taxes, but the corporations didn't spur the economy much. The tax cut was huge...80% or something. As we know, corporations give extra money to officers as bonuses and buy back shares on the market, if they're publicly traded, or invest it.
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Old 02-09-2019, 10:00 PM
 
Location: Earth
5,823 posts, read 3,776,789 times
Reputation: 4373
I have never been to new orleans and had creole or cajun cuisine
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