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Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

fortune.com

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Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#71

Post by ceejayoz »

newfriend wrote: post #69
ceejayoz wrote: post #60

Earlier quoted context omitted.

> But it's not less in local coffers. The local government is giving a local tax break, which comes out of their local tax revenue. > If the incentive was not given, the datacenter would not be built there. Objection, your honor, assuming facts not in evidence! (Nor are the incentives any sort of guarantee. https://www.cnbc.com/2021/04/21/foxconn-mostly-abandons-10-b... ) > Residents aren't paying more for anything a…

You are assuming the datacenter would be built there without the incentive. That is highly unlikely.

Yes, I'm assuming Facebook still needs the datacenter, and that the company that wasted $80B on the Metaverse can pay some taxes.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#72

Post by pfdietz »

ceejayoz wrote: post #37
pfdietz wrote: post #35

Earlier quoted context omitted.

How dare he ask for evidence!

This poster likes to demand evidence of others ( https://news.ycombinator.com/item?id=48135626 ) and bristle when the same standard is applied to them ( https://news.ycombinator.com/item?id=48137932 ). Someone else did provide evidence, though: https://news.ycombinator.com/item?id=48153756

> someone else did provide evidence

Some 16 minutes after he asked the question, so that's not an excuse for criticism of the question.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#73

Post by Forgeties79 »

pfdietz wrote: post #35
Forgeties79 wrote: post #19

Earlier quoted context omitted.

Please don’t do that.

How dare he ask for evidence!

It’s the phrasing/tone. It’s such a red flag.

As to his being answered: somebody responding to him in good faith does not suddenly validate what he was doing.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#74

Post by peyton »

jorblumesea wrote: post #36

What's the value add for states and cities? data centers don't create a lot of long term jobs, the skills required are highly specialized and will probably hire out of state. the construction itself will likely hire locals but that can't go on forever. these centers are loud, increase power costs and water usage. feels like short term job creation program at best.

> the construction itself will likely hire locals but that can't go on forever

Does any construction project go on forever?

It’s just a building. Come on.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#75

Post by 83 »

newfriend wrote: post #52
tormeh wrote: post #43

Earlier quoted context omitted.

> Well said: why does a tax break bother people so much? Several reasons. It distorts the market for one. One tax rate for me, another for thee. That's government picking favorites. Generally regarded as a bad thing.

The entire tax code is full of these. For corporations and individuals as well. Are you advocating for a flat tax?

I'll bite. What's the downside of a flat tax for a category like datacenters? If Meta want's to negotiate a lower tax rate for datacenters that's great, just allow every datacenter to apply for that same rate then.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#76

Post by newfriend »

ceejayoz wrote: post #71
newfriend wrote: post #69

Earlier quoted context omitted.

You are assuming the datacenter would be built there without the incentive. That is highly unlikely.

Yes, I'm assuming Facebook still needs the datacenter, and that the company that wasted $80B on the Metaverse can pay some taxes.

There are 50 states in the US and plenty of other locations to build datacenters. "Still needing the datacenter" isn't a reason to build it in this specific location. It's ok to just admit you were wrong.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#77

Post by ceejayoz »

whimsicalism wrote: post #53
jorblumesea wrote: post #36

What's the value add for states and cities? data centers don't create a lot of long term jobs, the skills required are highly specialized and will probably hire out of state. the construction itself will likely hire locals but that can't go on forever. these centers are loud, increase power costs and water usage. feels like short term job creation program at best.

doesn’t increasing power usage create jobs?

Not as much as you'd think. Power plants are heavily automated. A complex nuclear plant may provide a couple hundred; a big solar farm might need a dozen or two maintenance staff.

You're usually better off landing a new Target.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#78

Post by ceejayoz »

newfriend wrote: post #76
ceejayoz wrote: post #71

Earlier quoted context omitted.

Yes, I'm assuming Facebook still needs the datacenter, and that the company that wasted $80B on the Metaverse can pay some taxes.

There are 50 states in the US and plenty of other locations to build datacenters. "Still needing the datacenter" isn't a reason to build it in this specific location. It's ok to just admit you were wrong.

> There are 50 states in the US and plenty of other locations to build datacenters.

Yes, and we should ban them from issuing these sorts of race-to-the-bottom sweetheart deal at taxpayer expense to trillion dollar corporations to address that.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#79

Post by tencentshill »

giancarlostoro wrote: post #4

Now if they can actually do something with AI that is meaningful? I assume Mark is trying to reach for like some crazy goal instead of just getting reasonable products to market. I've known the type of person who chases the stars instead of just taking their time, building up the core and then snowballing into greatness.

He's the #1 advocate for virtual AI "friends". What CEO wouldn't like hundreds of people telling him he's right all the time? Meta will probably be the first company to have an AI board member.

Re: Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

#80

Post by jorblumesea »

peyton wrote: post #74
jorblumesea wrote: post #36

What's the value add for states and cities? data centers don't create a lot of long term jobs, the skills required are highly specialized and will probably hire out of state. the construction itself will likely hire locals but that can't go on forever. these centers are loud, increase power costs and water usage. feels like short term job creation program at best.

> the construction itself will likely hire locals but that can't go on forever Does any construction project go on forever? It’s just a building. Come on.

right my point is these are 1 time investments, locals will be dealing with the consequences and most of the workers will just leave after the job is done.
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