Underwear Gnome thinking in the RI legislator
This morning's Providence Journal contained the story "Rhode Island can’t see if its tax breaks are doing their job." Here is another story about the activities of RI's own legislative "Underwear Gnomes." If you don't know the underwear gnomes story here is a quick introduction: Underwear gnomes are enacting their three step plan to get rich; Step one is to steal all the underwear; Step three is to rake in the money; Step two is still under development. Our underwear gnomes are attempting to strengthen RI's economy with incomplete thinking. Why would they give away $87 million without any means of substantiating its effectiveness? And do so for several years. A similar kind of foolishness is occurring with the movie production tax credits. I am sure each of us has our prized example of underwear gnome thinking. These laws are not helping RI. Please, STOP trying to help us!
Posted on October 20, 2009