Because if private business people cut such deals they would quickly find themselves insolvent:
And here is the key verbiage:
State-sponsored studies have found that Louisiana taxpayers get less than 25 cents back in tax money for every $1 they invest in the film program
Spending a dollar to gain a quarter is an economic fools game but politicians across the south seem eager to continue squandering tax dollars in such a fashion. I’d personally rather the state put that money in roads, bridges, education and if that means there will be no more locally shot films so be it. In fact, everyone seems to understand these taxpayer handouts are the only reason Hollywood is here.
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule ~ Friedrich Nietzsche