Re:After a $14B Upgrade, New Orleans’ Levees Are Sinking
by mikeash on Thursday April 18, 2019 @09:33PM
(#19696326)
How much do the Feds collect in taxes from the city each year? How much more will they collect in the future because the city floods less? A few hundred million dollars to protect a major city sounds like an incredible bargain with a great ROI.
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Re:After a $14B Upgrade, New Orleans’ Levees Are Sinking
by thanatos_dem on Thursday April 18, 2019 @09:59PM
(#19696464)
As of 2017 Louisiana has a Balance of Payments of $17.7B, meaning they receive that much more in federal funding than they pay in taxes [1]
I say it’s time to move people to somewhere above sea level and let NOLA return to being the river delta it is so desperately trying to be.
[1] https://rockinst.org/issue-areas/fiscal-analysis/balance-of-...
Re:After a $14B Upgrade, New Orleans’ Levees Are Sinking
by mikeash on Thursday April 18, 2019 @10:12PM
(#19696522)
What is the figure for New Orleans specifically? Looking at the entire state isn’t terribly informative.
Re:After a $14B Upgrade, New Orleans’ Levees Are Sinking
by selectodude on Thursday April 18, 2019 @09:52PM
(#19696440)
New Orleans is a pretty great place, but in no way is it a major city.
Re:After a $14B Upgrade, New Orleans’ Levees Are Sinking
by mikeash on Thursday April 18, 2019 @10:14PM
(#19696540)
Whatever you want to call a metro area of over a million people with a GDP approaching $80 billion, a few hundred million to protect it seems cheap.
Re:After a $14B Upgrade, New Orleans’ Levees Are Sinking
by thanatos_dem on Friday April 19, 2019 @04:48PM
(#19702880)
Where’s the $80B number coming from?
From the sources I found (from 2017) GDP per capita is $52,536 (from Open Data Network), and population is 393,292 (US Census Bureau), giving a GDP of right around $20B.
We’ve already spent 14 on it, and will continue to need to spend indefinitely, so the numbers really aren’t great.
Re:After a $14B Upgrade, New Orleans’ Levees Are Sinking
by mikeash on Friday April 19, 2019 @04:59PM
(#19702954)
Metro area, not just the city proper. https://www.frbatlanta.org/economy-matters/2015/08/20/new-or...