re: California to quadruple movie tax credits to $400 million/year

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If the subsidy is smart for Louisiana, then logic dictates that it would be smart for California, too.

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Uh....nope. The film industry that distributes the films is different from the industry of production companies.

I have no facts, but I am assuming the distribution ends up being where all the millions are made. Example, if Gladiator was filmed in Rome, the proceeds form the film's box office gross don't go to Rome, right.

My point is simple and yes, goes both ways....dumb people who argue it has no value to Louisiana are simply that, DUMB. Why else would CA counter with even larger breaks/incentives if there weren't a ton of value in bringing the parts of the industry we took back to CA? I was more alarmed when CA wasn't freaking out! Any time a competitor is fine with you taking a segment of their portfolio, that tells me that segment wasn't that important to start with. Apparently, the segment Louisiana stole was very important and has a strong economic boost to the area.

I've seen arguments and #'s that show the subsidies cost the state $$, but those arguing that didn't take the totality of positive economic impact in all areas, including jobs created and taxes from those employees and other businesses whose profits rose from the industry being located here.

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If the subsidy is smart for Louisiana, then logic dictates that it would be smart for California, too.

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Yes, if it were identical, but when it's even larger, that same logic dictates it has been tremendous for the state and NOT a money loser like many morons thought!

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California is not "bankrupt".

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32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst

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The full list of America's 32 insolvent states is below, sorted in order of bankruptedness. California $6,900 Michigan 3,900 New York 3,200 Penn. 3,000

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That means $6.9 billion borrowed

I know they aren't closing shop or anything, but states take money from the feds to keep afloat. In this example, 2010, Cali was the worst.

So yes, I was talking in generality.

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Monetary facts on film distribution and where it originates, nothing to do what the subsidy is given for by states.

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You're grasping at straws. If anything Louisiana should be LESS motivated to subsidize the industry, for the reason you gave. These companies get subsidies and the parent companies and stars in CA and NY are the ones realizing a lot of the profit.

Yet not one check was cut by Louisiana

I have asked ib time and time again for the actual amount of checks written by the department of revenue. There doesn't seem to be a link. You have one? That is the only relevant number in my mind.

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I understand you think of all money as the states first. I don't.

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That talking point does not apply to the transferable tax credit program.

I've tried to get you to run through this exercise to apply your failed logic to but you disappear every time. What happens if the state gives me $10B in transferable tax credits?

It won't cost the tax payers anything, right? RIGHT?

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I understand you think of all money as the states first. I don't.

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You evidently have no understanding at all of the subsidy. The state GUARANTEES to pay 85 cents on the dollar no matter what. That is not a tax credit. That is a subsidy.

Cali just needs to double down on the porn.