The CAFR Swindle - The Biggest Game In Town Taxes are no longer necessary. This video exposes a deliberate and massive swindle that is perpetrated by every government agency from your local school district all the way up to the Federal government.  Anytime the government spends more money than they have budgeted, they don't transfer any of the trillions of dollars  that have in hidden accounts, instead, they raise our taxes. It is anticipated that the government will collect $3.5 trillion in tax revenue this year while earning over $10 trillion in their  investments in the stock market. Rather than raising our taxes, why don't they use some of their profits from investments to cover the budget deficit? The government could function without the necessity of collecting any more taxes from the people. Can you imagine the prosperity that would result if the income tax was eliminated? No more IRS? It is one of the best kept secrets of government. And this is not just at the Federal level. This is also true for all state, county, and local municipalities. Every government entity at every level (city, county, state, and federal) must complete an annual report of accumulated assets, which then rolls up to the next level. Government entities are far far from bankrupt. Last year I read the current CAFR for Austin, Round Rock, and El Paso. Then I read the CAFR for the entire state of Texas. What an eye-opener that was. These entities are filthy rich, with net worth's in the Billions of dollars, and yet will continue to fleece the citizenry under the guise of their inabilities to meet 'budgetary obligations.' Politicians at every level, if they even understand what a CAFR is (many don't) will tell you that there are constitutional laws on the books which PREVENTS them from using the assets reported in the CAFRs to pay for budgetary obligations. Government entities in the US may have millions, billions, or, in the case of the Federal government, trillions of dollars in funds and assets, but they say that money is a DIFFERENT COLOR and can NOT, by law, be used to fund government . In other words, "We're simply not allowed to use 'our' own money to pay the bills, we must by law use yours. Sorry!" I wish someone, anyone, with a state or national platform, would have the courage to enlighten the american people about this fraud. But look, you posted this yesterday and haven't gotten a single response until now. I believe it's because nobody knows what the heck you're talking about. old video but.......... how did crap like this become legal, oh yea america wasnt paying attention as usual, politicans are corrupt. https://www.youtube.com/watch?v=1pRPBKJQnyU&fbclid=IwAR201-XdZO5xxWTsgw7od2Bt_0xC-60Ku-O75XbkG_ip5iL4X_63wYGzjXg