There is no need for income taxes, property taxes, or any other taxes, period! Collective government since 2001 now brings the largest percentage of their gross income from domestic and international investment return. Where does government get the money for these investments? From you and I–the taxpayers! And, they keep getting it under the guise of "budget deficit" and increasing taxes to meet the budget. There is no budget deficit! A complete and true audit of ALL government domestic and international investments through auditing state, county and municipal comprehensive annual financial reports (CAFRs) will show that these layers of government always have "available unreserved, undesignated spending fund ending balances" at the end of each fiscal year. In other words, this is unreserved, undesignated CASH that government has for the so-called "rainy day". At least 70-75% of ending balance cash funds of the budget are always available for spending at the state's "discretion" before they can even think about raising any taxes, including property taxes.
There are differences between the “cost-expense-service” sections of budget reports and the “profit-investment-money generating” sections, which are being kept separate from the incomplete tax-payer budget reports given to the public. These budget numbers “don’t add up,” even if that budget is our own government’s. The (CAFR) is proof of the fact that governments are for-profit corporations that collectively own – through controlling stock investments – all significant Fortune 500 and other corporations, and which do not represent the people, but only corporate interests. With trillions of dollars in collective government investments for all state, county, city, local and federal governments around the country hidden in plain sight, our society should be free from any taxation.
Exposing these domestic and international investments, along with the governmental funds ending balances can eliminate any and ALL taxation with the application of what can be called "Tax Retirement Fund" application. This will immediately cause an influx of revenue to the government as well as a massive injection of cash into the private sector economy which will jump start massive consumer spending and immediate full employment (not the months or years government fraudulently tells you).
On October 12, 2010 there was an article in the Washington Post entitled "Report warns of coming wave of municipal pension shortfalls". It was claimed that some cities and towns have a collective unfunded liablity of around 540 Billion dollars and the States an even greater amount–3 Trillion dollars.
As an aside, the $9 TRILLION DOLLARS (or $13 TRILLION that some are saying) that was removed from the economy during this purported “recession” because of the purported “bubble” in the housing-mortgage-banking fiasco, is actually being hidden offshore. Radical left-wing and former Congressman Alan Grayson (D-Florida) held investigative hearings on the Federal Reserve and demanded answers from the Federal Reserve chairman and other high Reserve officials as to where this $9 TRILLION went. The Federal Reserve officials refused to answer Grayson’s panel’s questions. That tells me that the $9 TRILLION (or, $13 TRILLION) was moved offshore and hidden to control the American economy.
A simple tenet of economics and banking accounting and bookkeeping is that if one ($1) dollar is debited in bookkeeping, it must go somewhere and be credited in some other account. The money does not just disappear into thin air. So, someone has the money somewhere; and it is believed to be held by the Federal Reserve Bank, against the will of the American people. The American people are being defrauded out of their own money because of the greed and power control of the elite few.
These deficit numbers are not reflected in the combined Comprehensive Annual FInancial Reports (C.A.F.R) of the Federal government or cities. Nor do the 50 State CAFR's show such a deficit. We must research the CAFR's of each of these municipalities and states to see just what amounts were reflected in their retirement accounts and in other, special and unique accounts that each of these localities and political entities’ CAFRs do reveal. A lot of this hidden money is being used by governmental entities in domestic and offshore (foreign) investments. These investments gain substantial interest and are kept hidden from the general public. These monies belong to the People. It is not government’s money. Government fraudulently conceals these accounts in order to impose a fictitious, false tax crisis where governments scream “deficits” and that they “cannot balance their budgets” unless they raise more and more taxes. This is why there is a property tax crisis in the
. It’s government cover-up of investments that must be turned to cash and used to pay off the bills before there is any further consideration of raising any taxes whatsoever.
Perhaps you are not familiar with what these Comprehensive Annual Financial Reports were designed to do, or what are their principal functions, however, the amounts of funds in each of these accounts, many quite similar in their structure, are massive and yet, the public is not that aware of them. Although newspaper editors and a few other sites do get them mailed copies, it appears that there is a bit of collusion between the managers of the CAFR's and the Media to retain them in-house and cloak their contents. I cannot recall in reading your paper, any reference to them.
Consider, for example, in the state of Virginia, its CAFR account holding the "State Employee's Retirement Fund" had in it, $35.6 Billion dollars two years ago…What these amounts are today need a bit of investigation, but that is but one example of how massive are, or were these funds; funds never applied to a political entities budgetary needs, and all, invested in questionable financial instruments…. probably junk bonds and derivatives. Invested by appointed "trustee's", who are often retired Judges.
But these are quasi-legal accounts that only get scrutiny from in-house appointees and a few select elected officials such as chairmen of the several financial committees of each political entity. It is the secret slush fund handled by a few elected officials who shunt income coming into a particular political organization into a CAFR account, income usually coming in from off budget sources, port fees, fines, licensing,etc and other unique sources of income to the state or city that collectively over the years, amount to huge sums.
I believe that the total of all
's CAFR accounts amounted to over 56 billion at that same time. In seeking to get answers to what is carried on these quasi-secret accounts, stone-walling from the VA Senate's members and its Finance Committee and its membership was common. I have a copy of letter from the VA Senate's Financial Chairman that would confirm the intent to cloud this issue.
Also, consider the following article: Oregon’s Comprehensive Annual Financial Report (CAFR) released by the Secretary of State’s office in January 2010 states that more than $3.3 billion in “unreserved, undesignated fund balance… was available for spending.” A budget plan pushed by Senate Republicans calls for $133 million from those balances to help finance this cycle’s budget in a way that protects the economy and preserves important services. http://www.oregonrepublicanparty.org/node/291
Watch the following YouTubevideo which is eye-opening:
State Agencies Have $4.9 Billion In Ending Fund Balances–
“We can protect important government services and Oregon’s economy by using the money already at the state’s disposal,” said Senator Chris Telfer (R-Bend). “This report confirms that there are billions of dollars for use at the legislature’s discretion. We should use a small portion of this money to protect K-12 classrooms, higher education, services for the disabled and public safety.”
The CAFR, prepared by the State Controller’s Division at the Department of Administrative Services to analyze the position of the Oregon’s fiscal affairs, states:
“As of June 30, 2009, the State’s governmental funds reported combined ending fund balances of $4.4 billion. Of this amount, approximately 25.1 percent was reserved for nonspendable items, such as inventories and permanent fund principal, or for specific purposes, such as debt service. The remainder was classified as unreserved, undesignated fund balance and was available for spending, subject to statutory and constitutional spending constraints.”
Since by definition lawmakers write statute, any statutory constraints can be addressed.
“This is money that has piled up in agencies from over-collected fees and it is revenue that has not been expended as scheduled,” said Senate Republican Leader Ted Ferrioli (R-John Day). “These are taxpayer dollars that should never be left stranded in the bureaucracy, but shifted to pay for services Oregonians need. If we use this money wisely, we can leave the economy to grow and recover.”
Senate Republicans have announced a budget proposal for the February session, saying that there are ways to balance the budget without increasing unemployment or drastically cutting services in the midst of a historic recession. See an outline of the budget here:
What is needed is a complete exposure of the CAFR system and how it developed over the years and why and how it has been shrouded in mystery, cloaked and disguised to avoid public scrutiny. A review of its history shows that it began way back in 1930's when Rockefeller and company funded several organizations co-located at the "1313 House," accociated with the University of Chicago (Obama’s home town)…as it was known…many of the first participants were active Bolsheviks whose purposes then were quite antithetical to the sovereigny of this nation…that is, until Hitler moved against Russia and they changed sides.
It was there in Chicago that the idea of Regionalism and the division of the nation into 9 geographic regions(See NY Times 21 April 1935) was first concocted, and out of this came spin-off organizations purportedly designed to help elected officials in Counties and State legislatures to "do their job," so to speak. The Association of County Governments, the Association of State Legislatures and a number of other created organizations had but one purpose, to steer and guide elected officials and appointees in the "right" direction….that is, to the Left.
Get a copy of a publication called "The Book of the States" Vol.1, 1935 published by The Council of State Government and The American Legislators Association..Drexel Ave & 58th St. Chicago, IL…and locate a copy of a speech by retiring Colorado Governor Ralph L.Carr as published in the Wash. Post, Sunday 10 January 1943..a warning of coming events as regards the dictatorship of regionalism..And a letter published in the National Federation of Women's Republican Clubs, 1 Nov.1952 by Mary Mundt, wife of the late Senator Karl Mundt of S.D. -Both working undercover in the 1930's.. (Copies of all are available)
While the promotion of Regionalism was but one of the goals of this “1313 House” crowd, another was the creation and formation of the financial takeover scheme called the "Comprehensive Annual Financial Report", a system of accounting that amounted to double bookkeeping that could hide or otherwise cloak funds coming into a political entity and shunt these funds into special accounts managed internally by privy politicians…This system was the main product of an organization that may still exist, a company or organization called, "Metro", which was forced, along with the other created "political aid groups"; the various "Associations" created at the 1313 House, to relocate after the FBI raided them..Moving to the security and obscurity of
Kentucky, they remained in place until Roosevelt and other Federal politician gave them the nod to relocate to Washington D.C–Although, Metro remained out of sight in
where it is likely still in being.
It is suggested that everyone look up the CAFR accounts (for their states, county, school districts, and even the Federal government) that are published on line by those who worked to expose these financial schemes that in reality, defraud the citizens and remove accountability from public scrutiny..Further, I suggest getting in touch with Walter Burien, a former NJ Citizen who has worked over the past 10-15 years to reveal to the public, is the pre-eminent expert on just what the CAFR really is and what it does to budgets of political organizations..
There is a site that offers help in guiding a researcher into this issue, with a C FR Review Guide but it is suggested making contact with Walter Burien at his own site WalterBurien@CAFR1.com… Otherwise, type in CAFRMan.com and read the several references therein..
I suspect that the CAFR's have kept Wall Street afloat for decades…further, when the "investments" made by these political entities are analyzed, it would appear that "governments" are the single largest combined stockholders in America's corporate world, thus enabling these entitities to make demands on the corporate leadership far beyond what they are politically capable of doing. Such revelations would certainly shock the nation of publicized and awaken them to what has been done with money that should have been applied to budgetary needs.
An audit of the Federal Reserve can be found here:
Here is for 2008 – http://cafr1.com/STATES/FEDERAL-RESERVE/FR2008AR.pdf
Here is for 2007 – http://cafr1.com/STATES/FEDERAL-RESERVE/FR2007CAFR.pdf
Here is for 2006 – http://cafr1.com/STATES/FEDERAL-RESERVE/FR2006CAFR.pdf
Audits of the New Jersey school districts and New Jersey government can be found here:
All NJ School District's CAFRs – http://www.state.nj.us/education/finance/fp/cafr/search/09/
NJ State CAFR and other Gov entities in NJ Annual Financial Reports – http://www.state.nj.us/transparency/reports/
Download them all and put on one CD, make copies and share with all. The key learning curve for all is to see the "scope" and "size" of the money involved within their Corporate for Profit Government…
The 2009 Federal Annual Financial Report: