Set the Entire RI Economy Afloat
May I make a somewhat obvious point — coming from a conservative — about the recent conversation concerning tax-free boating in Rhode Island?
The tax policy has also helped the state rebuild the ranks of highly skilled boat workers, and has triggered the creation and expansion of boat yards, designers, builders and subcontractors — who specialize in such fields as electronics, sails and marine insurance, he said.
The benefits are not solely Aquidneck Island’s, either; owners fly in and out of T.F. Green Airport, rent cars, dine in restaurants and attend shows in the Providence area, he said.
According to Neil Downing’s article, Rhode Island is forgoing about $8.4 million dollars, out of its $7 billion budget. Can you imagine what our economy would look like if the state and local governments would forgo more? A government should be a secondary consideration (if that), in society, not the primary determinant of its economy and life. By making itself more central, governments suffocate the very people they ostensibly seek to assist.