The General Treasurer is an investment fund pitchman.

This ad for Rhode Island’s CollegeBound Saver fund promotion looks like a sleazy investment ad because it is:

RITreasury: Happy #529Day, Rhode Island! Open a free CollegeBound Saver account for your child, grandchild, niece, or nephew ages 3-7 today and we will deposit $300 into the account!

Around $22 million in administrative fees from the program go to the private companies that handle the money and the state.  This isn’t necessarily corruption, per se, but we can put it in the questionable bucket of non-governmental activities in which our state government engages.

When the government is involved as a player in a market, citizens have reason to question whether its policies across the board are less focused on the general welfare than on the government’s offering or the health of the markets in which it’s dabbling.  A healthy democracy requires clarity of roles, and such programs obscure them.

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Tom Letourneau
Tom Letourneau
19 days ago

Diossa is more qualified to be serving in the position he holds then am I. Add to that the fact that RI has the most Incompetent Governor ever in its long history… Rogues Island is in Deep, Very Deep, Doo-Doo!!!!

Tom Letourneau
Tom Letourneau
Reply to  Tom Letourneau
19 days ago

I meant he is ‘No More’ qualified!!!!

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