"SBA Thanks You For All The Fish" (santabarbarianlsx)
06/18/2020 at 14:20 • Filed to: None
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"SBA Thanks You For All The Fish" (santabarbarianlsx)
06/18/2020 at 14:20 • Filed to: None | 4
| 31 |
Looks like the Musk Alien Dreadnought Gospel Show and Tent Revival is coming to your Fair Capital City.
And, in an Old-Timey Musky Tradition... all the local tax constituencies are being asked to subsidize this rolling fiasco. Even the local school district gets to chip in!
This is too surreal for words.
I like cars: Jim Spanfeller is one ugly motherfucker
> SBA Thanks You For All The Fish
06/18/2020 at 14:32 |
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I hate the standard practice of tax abatement. In theory it makes sense and it’s fine to have
some
abatement to match the level of economic stimulus expected by the factory, but I personally believe that it should be illegal to use tax abatement promised in one municipality to secure even more abatement in another, as what Amazon did for HQ2.
facw
> SBA Thanks You For All The Fish
06/18/2020 at 14:34 |
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When you really get down to it, building anywhere with taxes or mean local governments that might make you shut down to protect your workers is a really a sucker’s game. Time to start building on a derelict RORO ship out in international waters!
Sovande
> SBA Thanks You For All The Fish
06/18/2020 at 14:35 |
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In Musk’s defense, he is running a business and it is not up to him to decide what kind of tax breaks a city/state will give him, it’s just up to him to find the place that best suits Tesla’s needs . Texas wants him there or he wouldn’t be considering it. Look at the breaks Amazon got in Virginia for it’s new hub there.
haveacarortwoorthree2
> SBA Thanks You For All The Fish
06/18/2020 at 14:37 |
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Eh. it’s Austin. Pretty much like living in California, but no income tax.
MrSnrub
> SBA Thanks You For All The Fish
06/18/2020 at 14:38 |
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Not necessarily against the factory but I am against the tax breaks. And having to hear even more about Elon . I wonder what this will do to housing prices
For Sweden
> SBA Thanks You For All The Fish
06/18/2020 at 14:40 |
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Jobs are for suckers tbh
ttyymmnn
> haveacarortwoorthree2
06/18/2020 at 14:40 |
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No state income tax. Plenty of sales tax, though. Still, we’re only 1% higher in sales tax than CA.
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For Sweden
> haveacarortwoorthree2
06/18/2020 at 14:41 |
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Austin exists to provide all the benefits of Texas without living in Texas.
Arch Duke Maxyenko, Shit Talk Extraordinaire
> SBA Thanks You For All The Fish
06/18/2020 at 14:41 |
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“ Yeah, public schools don’t need money. Please proceed ”- Betsy DeVos
TheRealBicycleBuck
> I like cars: Jim Spanfeller is one ugly motherfucker
06/18/2020 at 14:41 |
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If there’s anything that pisses me off, it’s tax exemptions . Louisiana has a state-level board that gives out tax exemptions like they’re candy. Being state-level means that the local municipalities have no say in the process. What’s worse is that the exemptions are given to encourage industrialization, but the exemptions are never res cinded or are granted again as a separate growth incentive, so nobody EVER sees taxes from these companies.
“ The Louisiana Coalition for Tax Justice compiled all of the state’s property tax exemption records for the 1980s and published a devastating set of findings. The exemptions had cost local governments $2.5 billion. The harm to schools, the most costly local service, was the greatest. The state ranked last in high school graduation rates, while $941 million of the tax exemptions could have gone to improve the schools. Just nine big, profitable companies got more than half of the tax benefits: Louisiana Power & Light (Entergy), Gulf States Utilities, Cajun Electric Power, Shell Oil, Exxon, Texaco (Star Enterprise), International Paper, Dow Chemical and Mobil Oil (Exxon and Mobil later merged).
Incredibly, almost three fourths of the projects that got exempted created no new permanent jobs (some created temporary construction jobs). Most of the tax breaks went to the big toxic-emitting industries. Exxon, for example, got 282 exemptions over the 10 years – 251 of which created no new permanent jobs!
The deals cost taxpayers a total $93.3 million, including $42 million lost for the schools
. The subsidies also failed as overall job creators: the oil, chemical and paper industries actually lost almost 8,000 jobs.”
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I like cars: Jim Spanfeller is one ugly motherfucker
> TheRealBicycleBuck
06/18/2020 at 14:43 |
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That’s... absurd. Wow.
DipodomysDeserti
> haveacarortwoorthree2
06/18/2020 at 14:47 |
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The Austin police do a pretty good impression of LAPD too!
fintail
> ttyymmnn
06/18/2020 at 14:49 |
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And those property taxes, which I hear can be off the charts for a non-northeast locale.
Ah, capitalism.
ranwhenparked
> haveacarortwoorthree2
06/18/2020 at 14:53 |
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Actually, its going to be in unincorporated Travis County, specifically Del Valle, rather than Austin proper.
and 100 more
> ranwhenparked
06/18/2020 at 14:57 |
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Fuuuuuck, there goes my long- but- relatively- peaceful commute.
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ttyymmnn
> DipodomysDeserti
06/18/2020 at 15:00 |
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ttyymmnn
> ranwhenparked
06/18/2020 at 15:00 |
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No way would they put that where rich folks live.
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TheRealBicycleBuck
> SBA Thanks You For All The Fish
06/18/2020 at 15:07 |
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The real test will come in 10 years when Musk asks them to renew the tax incentive. Louisiana’s biggest flaw is the continued renewal of tax incentives. The plants are already here. It’s time for them to pay their share of the tax bill.
This is what we'll show whenever you publish anything on Kinja:
> SBA Thanks You For All The Fish
06/18/2020 at 15:12 |
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How long before Elon starts saying Y’all?
Also how long before people ICE out the factory or coal roll it or whatever neanderthals do these days?
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DipodomysDeserti
> ttyymmnn
06/18/2020 at 15:13 |
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I watched a video of them firing on medics trying to get a kid to safety who they just plugged in the head with a rubber slug. Absolutely disgusting individuals.
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SBA Thanks You For All The Fish
> ttyymmnn
06/18/2020 at 15:24 |
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I’m always shocked at your effective property tax rates, as well. Might be no income tax, but y’all sure have the rest of the lot.
Gone
> SBA Thanks You For All The Fish
06/18/2020 at 15:25 |
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Abbott would love to hand out some TEF money to him . T he ISD will get it’s money by doing a bond and then raising the property tax rates on residents. It’s what we do here...
Austin is kind of a really STUPID place to do this since you’re constrained to the parking lot that is I-35 for shipping. There’s not really a close
railhead either...
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SBA Thanks You For All The Fish
> and 100 more
06/18/2020 at 15:25 |
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Man, these guys destroyed the Sparks-Fernley corridor in the Reno area.
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Arch Duke Maxyenko, Shit Talk Extraordinaire
> This is what we'll show whenever you publish anything on Kinja:
06/18/2020 at 15:25 |
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He’s not moving to Northern Kentucky
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ttyymmnn
> and 100 more
06/18/2020 at 15:26 |
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Have you heard about the massive Domain-like development slated for 71 east of the airport?
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SBA Thanks You For All The Fish
> I like cars: Jim Spanfeller is one ugly motherfucker
06/18/2020 at 15:26 |
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Here it feels like he’s just trolling for subsidies— he has pretty much “unlimited” space to grow in Nevada, the infrastructure’s done, the freeway the state gave him is done..
... And now he’s passing the hat in Texas? Wow.
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SBA Thanks You For All The Fish
> Sovande
06/18/2020 at 15:28 |
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Yeah, and it’s up to the state to have the balls to tell him to bugger off...
There’s a famous example from years ago of a governor basically telling the Silicon Valley guy that-- and getting the factory anyway.
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and 100 more
> ttyymmnn
06/18/2020 at 15:30 |
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No, i haven’t, but I’ m currently involved in something of that nature off 183.
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This is what we'll show whenever you publish anything on Kinja:
> Arch Duke Maxyenko, Shit Talk Extraordinaire
06/18/2020 at 15:30 |
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Can he though?
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Arch Duke Maxyenko, Shit Talk Extraordinaire
> This is what we'll show whenever you publish anything on Kinja:
06/18/2020 at 16:23 |
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No, he’s y’all’s problem now
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This is what we'll show whenever you publish anything on Kinja:
> Arch Duke Maxyenko, Shit Talk Extraordinaire
06/18/2020 at 16:27 |
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He can’t get in here unless he claims refugee status...
...and with the way things have been going over yonder, that’s actually a possibility.