What caused the income inequality gap that started in the 70's?

Discussion in 'Free Speech Alley' started by LSUpride123, May 30, 2015.

  1. red55

    red55 curmudgeon Staff Member

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    We have a radical problem, which will take radical measures to solve. They are taking great pride in finding money to pay for half of the shortfall. The other half is going to come down on hospitals and universities once again.

    They are doing things like DUMB specifically to avoid a Jindal veto instead of just bucking up and getting the votes needed to override the veto and fixing the budget properly. Why? Because the Republican party doesn't want that to happen. Because Vitter wants to run as the anti-Jindal and be able to say that he must raise taxes to save Louisiana from the mismanagement and incompetence of the Piyushfish

    It's a shame because Dardenne is one of the few moderates in Louisiana that is actually smart enough to fix what is wrong in this state. He knows the legislature and he knows state government. One of the few Republicans that I would still vote for. But Louisiana will no more elect a Jew than they will elected an Hindu.
     
  2. LSUsupaFan

    LSUsupaFan Founding Member

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    Then address the root issue... the Constitution. Cuts to higher ed and helath care will always be heavy until we fix the Constitution. There is no way around it.

    The House Republicans, led by Joel Robideux killed DUMB in Ways and Means. As retaliation Donahue stripped all the language to Robideux's film bill and tacked DUMB onto it. He then tacked it on to two other previously passed House bills on the Senate floor. Not to be out done, Robideux tacked the stuff Donahue stripped out of his film bill onto some Senate bills on the House floor.

    Lance Harris is the leader of the Republican Caucus, and he is extremely anti Jindal. Hell The House Rebublicans and the Black Caucus are co-sponsoring bills to kill or limit business incentives.

    He can't compete with Vitter's money especially now that he won't be getting contributions from the film industry who were among his strongest supporters.
     
  3. red55

    red55 curmudgeon Staff Member

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    It's not the only issue. The biggest issue is that the republican legislature abolished the Stelly taxes while giving away all these business "incentives" that also cut income. They simply ruined the ability to generate enough income to run the state. Stella needs to be re-enacted the way that the voters approved of.

    Good for them. The incentives are not bringing in the jobs or the cash that was promised. So get rid of them. Corporate welfare is bad news. Get rid of TOPS and fund the universities directly instead of raising tuition and raising TOPS costs annually. TOPS is nanny-state, feel-good stuff that is bankrupting us.

    Good candidates will never be elected if the influence peddlers can simply buy elections.
     
  4. LSUsupaFan

    LSUsupaFan Founding Member

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    You realize Edith Bunker Blanco signed most of those incentive programs into law right? And Stelly was a terrible policy the state was taking in a billion dollars more than it needed.

    Partially correct. Business incentives are bringing in tons of business and tens of thousands of jobs. The incentives were never designed to generate additional tax monies. They were designed to diversify the economy away from oil, gas, and chemical manufacturing. In that regard they have been wildly successful, but you can't give away 30 cents, collect 6 and come out ahead on the fiscal side. The time has come to scale all of them back,but killing them before reaching the appropriate critical mass is short sighted.

    British Columbia subsidized its targeted industries for nearly 20 years before eliminating or reducing its programs, but ask the government there if the investment was worth it. They will answer yes. You can't make a video game anywhere else, and almost all CGI and VFX are done there.

    I would never have voted for these laws had I been in the legislature as they are all terrible, but now that we have had them in place fr 10 to 15 years not seeing them through means we have wasted a couple of billion dollars.

    That is why our current and last President widely considered to be in the top three worst presidents ever.
     
  5. red55

    red55 curmudgeon Staff Member

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    Short-term Republican groupthink. Stelly was designed for long-term success. We damn sure need it now, don;t we?

    Not with honest accounting.
     
  6. LSUsupaFan

    LSUsupaFan Founding Member

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    No, I would say we need to cut out some of the 14 billion in various tax exemptions (business incentives is about 5% of that number) before we raise taxes that heavily hit the poor and middle class.

    Any evidence to back up that assertion. The legislative reports indicate the programs result in three things 1) increased economic activity, 2) job growth (Louisiana leads the region in year over year job growth), and 3) losses to the state treasury. Those three things indicate they are working as intended.
     
  7. red55

    red55 curmudgeon Staff Member

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    Including the middle class tax exemptions like child deductions, couples getting better rates than singles, itemized deductions, etc? I'm good with reducing much tax complexity and exemptions along with raising taxes gradually where needed to restore some balance between income and spending. It's pretty damned obvious that all the fat in state government has been cut already and crippling cuts have gone well into the universities, hospitals, and roads that citizens expect to be sufficient. we're not going to cut ourselves out of deficits any further. It's going to take adequate income to get out of this hole and the friggin' politicians need to do their damned jobs and raise the income. Louisiana is one of the lowest taxed states in the country. If we want to be a better tier state we have to pay for it and there is no point in dicking around.

    It's not an assertion, its a comment. I do not trust the accounting. I've seen a lot of bullshit numbers associated with Louisiana government in the last 40 years.

    Link the evidence if you wish. Let's see it in context so that its honesty can be assessed.
     
  8. LSUTiga

    LSUTiga TF Pubic Relations

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    Me, all that plus I cook outside quite often and piss in the yard as much as possible.
     
    shane0911 likes this.
  9. Bengal B

    Bengal B Founding Member

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    Pardon me, but would you have any Grey Poupon?
     
  10. LSUTiga

    LSUTiga TF Pubic Relations

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    But of course.
     

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