patrick.net
An Antidote to Corporate Media
1,191,697 comments by 13,863 users - mell, RWSGFY, UkraineIsTotallyFucked online now
Hollywood asks California to cut taxes for the film industry
invite response
2014 Feb 18, 1:10am 28,070 views 12 comments
Comments 1 - 12 of 12 Search these comments
I have friends and relatives who work(ed) for the film industry.
1. Biggest separation gradient in pay in Hollywood (Ex: Pro Sports)
2. Egomonsters call help at 3 AM in morning.
3. Tax havens in Canada, Asia,.... lost local jobs.
4. Amnesia about R&D, Electronics, Apollo, Aircraft, Space Shuttle creating great economy 1940-2011.
We need to get rid of regressives and encourage progressiveness.
FortWayne
2014 Feb 18, 1:42am
How about everyone gets a tax break evenly? I guess liberals can fight it out between Hollywood and unions about how to pay for entitlements.
lostand confused
2014 Feb 18, 2:02am
Not going to work. Didn't CA just vote itself another tax increase?
Ceffer
2014 Feb 18, 2:59am
Really, we can't lose the film industry, it's one of the only places where you can still fuck your way to the top.
In every other industry except fashion, you can only fuck your way to the middle.
Tenpoundbass
2014 Feb 18, 3:07am
Wait a minute, I thought they were the fucking the GDP.
We're having 3% GDP growth since 2008 because we now consider the Movie, Porn and Music business an economic powerhouse that enriches our GDP growth, and Tax revenue.
If we cut them lose from tax obligations, then cut them lose from the GDP, and rework those figures to reflect what has been really going on the last 5 years. Then that would make Oba... loo...
Fuck there's not one damn story that I can't twist around and somehow make Obama's fault.
That Asshole!
Schiff charged Washington with cooking the books on its latest GDP and inflation figures.
He cites the government's recent move to raise GDP 3% by including items never calculated before and that "no other country on the planet counts." These include such intangibles costs and royalties from books, magazines iTunes song and movies.
The Financial Times reported this strange maneuver as the "U.S. Economy's "Hollywood Makeover."
"That's what the government does," Schiff said. "Whenever they don't like the results, they change the methodology for calculating those results."
"Maybe some of our creditors will be dumb enough to believe the hype," Schiff added.
"The fact is, Schiff said. "We're broke. We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out."
Schiff points out recent market gains, with the Dow recently setting record highs and remaining above 16,000, is yet another lie giving investors a false sense of security.
"It's not that the stock market is gaining value... it's that our money is losing value. And so if you have a debased currency... a devalued currency, the price of everything goes up. Stocks are no exception," he said.
"I think we are heading for a worse economic crisis than we had in 2007," Schiff said. "You're going to have a collapse in the dollar...a huge spike in interest rates... and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it."
Tenpoundbass
2014 Feb 18, 3:12am
In every other industry except fashion, you can only fuck your way to the middle.
You get to the top by "Fuck You" not fucking your way.
FortWayne
2014 Feb 18, 6:39am
Typical liberal attitude, tax everyone but me... I'm special and more deserving, because I care about minorities by spending your money.
HydroCabron
2014 Feb 18, 8:43am
If Hollywood studios have to pay taxes, they'll just pass the higher costs on to us, the consumers.
Automan Empire
2014 Feb 18, 9:15am
I really don't like seeing the dog-eat-dog game of podunk states offering ridiculous perks (land, tax breaks to name a few) to lure companies away from California. Actually, I don't like it when OUR legislature decides to counter-offer with even GREATER perks (read: forgiveness of tax obligations) to keep them here, as if Idaho or Texas or Canada is exactly like California only without "those crazy taxes."
It's a race to the bottom, within our own country.
It's especially annoying when Gravity hasn't been in theaters for what, months, and they're paying for radio spots every 15 minutes; makes it sound like they've got plenty of money to burn.
http://dailycaller.com/2014/02/17/hollywood-asks-california-to-cut-taxes-for-the-film-industry/
Hollywood asks California to cut taxes — for the film industry
You know things are bad when Hollywood liberals are asking California for a tax break.
Film Works, an entertainment-industry advocate organization, recently launched an online petition asking California’s film and TV enthusiasts to lobby lawmakers to create greater incentives for production to stay within state borders.
While operating costs in California have grown more expensive over the past decade, other states and countries have established film tax credits in an effort to bring production to their territory.
If California does not pass similar legislation, Film Works warns, the state will lose hold of one of its most iconic industries.
“We are now greatly concerned that the state’s status as the epicenter for motion picture production is at risk,†the petition reads.
“If policymakers fail to make our state more competitive, the film industry in California will face the same fate as other industries, including aerospace, which resulted in hundreds of thousands of jobs permanently leaving California for other states.â€
“It’s time for California to wake up,†reads one of the organization’s blog posts.
The industry’s decline in the Golden State has been difficult for individuals working in the entertainment industry to ignore.
From 2005 to 2013, California’s share of the one-hour TV series market declined from 64 percent to 28 percent, resulting in the loss of an estimated 8,500 jobs, the Film Works petition notes.
According to a report conducted by the San Francisco Film Commission, these job losses not only impact those who were formerly employed, but take a negative toll on the economy as a whole. The study found that every job lost in the film industry results in a loss of $112,000 in spending in the local economy.
And in the past 15 years, feature-film production in Los Angeles alone has declined almost 60 percent.
In an attempt to curve the drop in production, California passed a $100 million film tax incentive in 2009, but it was not enough to keep producers within state borders.
A growing list of states, including Georgia, Louisiana and New York, have established tax incentives that far exceed those passed in California.
These business-friendly policies have added millions to states’ economies. Louisiana is just one example of this phenomenon. The year before it enacted its tax credit (2002), production spending in Louisiana was only $3.5 million. By 2010, that figure had jumped to $674 million, making for a 19,000-percent increase.
Many leading businesses and organizations involved in the entertainment industry recognize how California’s tax-heavy policies are threatening the survival of the film industry and have thus aligned themselves with Film Works, demanding that California Gov. Jerry Brown sign into law legislation that will re-energize one of the state’s major cash industries.
Among many others, the petition’s supporters include Warner Bros, FilmLA, the city and county of Los Angeles, and the national labor union representing working actors, SAG-AFTRA.
Although Hollywood is still recognized as the mecca for actors and directors, some worry that this legacy may soon become a distant memory.
“It is hard to call yourself the capital when you are making less than half of the product,†the president of FilmLa inc. Paul Audley noted about California’s waning industry in an interview with Film Works.
“We do not have much time left to bring this industry back and keep it here before the infrastructure, the crews, the vendors, and the studio systems have moved out of the state and then we have nothing left for this industry to call home,†he added.