You must log in or # to comment.
People can shelter there when the next Katrina hits.
Wow Louisiana is like a microcosm of what happens when Republicans run a government into the ground. If you don’t get cancer from ethane cracking, have combustible water from fracking or brown water from data centers, then you can die in a hurricane.
And what are they getting back? No I’m not talking about kickbacks to the few govt burocrats that authorized this.
Hint: nothing
Why do they need to give tax breaks?
These companies are falling all over themselves to build data centers and can’t find enough places, states should be charging a tax premium on data centers.
Because, and this is true, Louisiana is one of the most corrupt states in the union. Everybody with a shred of power has their hand out for pennies.
Because unless every single state does it, they’ll go to the one that doesn’t.
The states are still going to make a lot of money off this, its just delayed by
7 yearsby their duration.Would you rather get money
in 7 yearswhen they expire and increased income taxes from building it/staffing it or nothing?This is for anything, not just data centers. States will always fight to get the investment.
Yeah, it’s a really dumb way of doing things that should be regulated as it results in essentially every major industrial site operating tax free for years because they can always play states off of one another.
Meanwhile the citizens of the state are going to spend years eating the costs of building the new infrastructure required to support the new operation.
The citizens often dont eat anything, as its usually just delayed property taxes or other similar things. Im sure thats not always the case though and maybe they are sometimes given money.
The state then gets all the income taxes and jobs from building it.
But ya, without legislating things like this away it wont stop.
Edit: oh I misread part of what you said, you meant the supporting infrastructure like if the state paid for a new substation. Im sure that does happen, that would negate the income taxes for awhile. They should make the businesses pay for that, and let them recoup that through the tax benefits. Don’t take money from the tax payers to help them out.
Yeah, I meant all of the substations, roads, police, etc that will now need to have a bit more funding.
I don’t know a good way of solving it, but the ‘I can just go to another state’ gives these companies way too much bargaining power and the net result is that all states lose out on income that they shouldn’t have to have given up in the first place.
It seems absurd, it isn’t like regular people can just say ‘Well, I’m going to buy a house in the next county over unless you guys give me a break on my property tax’ and then get to live there property tax free (though, now that I think about it, I’m sure there are people rich enough to do this too :/)
I’m sure there are people rich enough to do this too
I wont build my multi million dollar mansion here thats going to staff 8 full time people unless you waive my property taxes for 2 decades.
Jesus. It probably does happen. 😭
Jesus. It probably does happen. 😭
If I ever want to know about rich people using shady tricks in order to get tax breaks, there is one content creator that always delivers: https://www.floridapoliticalreview.com/trumps-mar-a-lago-tax-break/
Not only do we have to have these surveillance buildings thrust into our communities against our will, we also have to pay the fucking Nazi bastards to put them in?
Yes but think of all the jobs they’ll be earning by attracting META to build in their state with those massive tax writeoffs… In their… Automated… Very lightly staffed datacenter…
more than seven years of the states entire police budget
What a weird line item to compare. TF do the cops, another entity that should be defunded, have to do with this?
Something the money that Meta won’t be paying won’t be paying for.
What is Louisiana getting for those $3.3 billion in tax breaks?
2 cable monkey jobs
A couple of Louisiana’s citizens (i.e. the politicians who agreed to this) will get a lot richer.
A data center that will employ like 100 people and destroy their local air quality (probably), blast tons of light at night (definitely) and otherwise destroy the local ecology.
Don’t forget all the water and electricity that will be taken away from the people.
Or the audible sound that’ll make every house and bit of land around it an absolutely miserable place to live, because you’ll feel it in your bones at all time :)
Their politicians are drastically increasing their personal wealth and think they’re ensuring decades of campaign contributions…
Because they’re too stupid to realize the tech ros will replace them for even greedier people who ask even less questions.
I bet those politicians are getting some sweet
bribesgratuitues
At least they’re gonna get a great unemployment rate now.
