Film production in LA is disappearing as other places lure it away by offering tax breaks.

Cutting taxes to win business away from other jurisdictions is a form of "beggar thy neighbor": businesses play states and countries against each other to the detriment of all of them. Plutocrats' pet politicians might call this outcome success, but those that are loyal to their country should instead propose a treaty to ban competing via tax breaks.

France refuses to play this fool's game.