Walter Burien: CA CAFRs show $8 trillion in tax surpluses, Now What?

Walter Burien is the pioneer for communicating that government claimed budget deficits are criminal lies of omission when compared with colossal tax surpluses revealed in their Comprehensive Annual Financial Reports (CAFR).

For example, California Governor Brown claims the state budget deficit of $16 billion requires austerity, when the state CAFR reveals $600 billion in cash and investments. The crime of economic fraud is a state governor with fiduciary responsibility failing to clearly communicate this tax surplus over 35 times the claimed deficit, and to submit this data for independent economic cost-benefit analyses for public consideration of all our options.

When all California local governments’ CAFR surplus accounts are totaled, Californians have been overtaxed by $8 trillion dollars in a sampled study of the ~14,000 government entities.

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