Why Louisiana Stays Poor
Why Hacker News recommends it
Linked in threads on corporate tax incentives and subsidies as a detailed example of how they can trap a state.
What it is
Together Louisiana asks why Louisiana stays poor despite its natural resources and industry, focusing on industrial tax exemptions and corporate welfare.
Recommended by 6 HN commenters across 5 different months, 2018 to 2024.
What Hacker News said
Strong rec somethoughts · 2024-01 · on “Cancer Alley”
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.
Recommends sschueller · 2018-12 · on “Apple to build campus in Austin and sites in Seattle, San Diego and Culver City”
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]
Recommends cenal · 2018-12 · on “Apple to build campus in Austin and sites in Seattle, San Diego and Culver City”
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]
Recommends arrosenberg · 2022-09 · on “In Jackson, Mississippi, a water crisis of unparalleled scale”
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 th
Recommends thelastgallon · 2023-10 · on “Subsidies Awarded to Tesla Inc: at least $2,829,855,494 and Counting”
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.
Recommends aqme28 · 2024-08 · on “Twitter kills its San Francisco headquarters, will relocate to South Bay”
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] )