1.7M views · Nov 13, 2018 · 15:25 · 6 HN recommenders · 6 mentions · discussed 2018–2024
Together Louisiana asks why Louisiana stays poor despite its natural resources and industry, focusing on industrial tax exemptions and corporate welfare.
Why Hacker News points people here: Linked in threads on corporate tax incentives and subsidies as a detailed example of how they can trap a state.
“I found this insightful: Why Louisiana Stays Poor”HN comment, 2024
“I found this insightful: Why Louisiana Stays Poor”
Insightful look at resource-rich rulers and poverty.
I found this insightful: Why Louisiana Stays Poor this video Definitely sounds very similar to CPG's "Rules for Ruler" video where he provides a description of rulers ruling in resource rich countries.
“it is very sad how these tax incentives are ruining entire states.”
Shows how tax incentives ruin states like Louisiana.
I saw this video about LA a few days ago and it is very sad how these tax incentives are ruining entire states. [1] [1] this video
“There is another great video that goes into detail”
Details how Louisiana is trapped by tax credit awards.
There is another great video that goes into detail on his Louisiana is trapped in a tax incentive hell because of how they award these credits: this video
“there is a great video on how this works in Lousiana”
Explains how state funding flows away from majority-black cities.
Mississippi was the most confederate of the Confederate states. Jefferson Davis was their Senator and then President of the Confederacy. After the civil war and the end of reconstruction, it was a hotbed of reactionary violence. There maybe a robust tax base, but you have to ignore the entire history of the state (which is majority white) and city (which is majority black and the descendants of slaves). I'm not as familiar with MS, but there is a great video on how this works in Lousiana - this video Historically (back to reconstruction), the Federal government is the guarantor of Black rights in the South and they provide significant funds to the majority black/liberal cities to make up for the fact that the state governments do not provide. Generally the state government is funneling money out of these areas.
“Skip to 5:22 for the explanation.”
Fossil fuel subsidies make one zip code richest and poorest.
Why Louisiana Stays Poor: this video This video is about fossil fuel subsidies in just one zip code which makes it the richest and poorest zip code at the same time. $2857 per capita subsidies via Industrial Tax Exemption Program. National average is $291 per capita, Texas $89 per capita. Skip to 5:22 for the explanation.
“this very interesting video on the subject focusing on Louisiana”
Interesting video on corporate tax breaks focused on Louisiana.
I'm really curious if there has been a comprehensive study on incentive corporate tax breaks like these. It has become my understanding that these are rarely worth it. Reminds me on this very interesting video on the subject focusing on Louisiana ( this video )
