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Arizona Breakfast Club - 04/28/01
TAXATION, Can, will, and is in the process of being eliminated in this country through the efforts and disclosures of one man. Walter Burien, on Saturday, April 28th 2001, made a presentation to the members of the Arizona Breakfast club, Phoenix, AZ.
Mr. Burien's presentation resulted with a standing ovation, the likes of which has not been seen for many a year from the members of the club.
Leaders of the community in attendance listened intently to the proposal Mr. Burien laid out. The proposal was referred to as the CAFR1 plan which changed local government's principle of operation, creating self-sufficiency within that local government without taxation being used to meet annual budgetary requirements.
The CAFR1 plan begins with a team of assigned independent Auditors utilizing the standing laws for access to required financial disclosure. They will make a complete and thorough review of the current and past records held by the selected county, and sub local governments within the jurisdiction of that country.
This audit will not require approval or permission from a city council, or the county board of supervisors. An independent team of auditors will not ask permission of the foxes to audit the hen house, and then debate how many chickens the foxes are eating. The hen house will be audited Period!
With the raw data now in hand, the CAFR1 team will go to an Institutional Investment Banking group, or Insurance Conglomerate to have them verify the data collected. Within the second review, the group will identify additional revenue, or equity assets that were missed.
With the second review being done, the selected firm will write a prospectus for the establishment of an annuity pension fund that will, from the return from the fund, satisfy the annual budgetary requirements of the local government, and thus allow for the phasing out of all forced taxation within that city, or county. The prospectus will show the cross over mark of return Vs budgetary requirements, plus the cross over mark whereby a return can be provided to the resident property owners on top of no taxation.
The prospectus will have written into it a variable rate sales tax that is tied in to the rate of return on the fund. Good return, no sales tax. Poor return, higher sales tax. Note: severe and specific penalties incur to the local government if the sales tax option is used, until brought back to zero. It is possible to complete the audit and the drafting of the prospectus without the local government officials even knowing it is underway, being that most of the records for review are currently accessible, or are already in hand for review by the CAFR1 team that is being developed.
The first county selected for application of the plan, presented through the prospectus, will make that county a self sufficient government inclusive with all cities, school districts, authorities within the jurisdiction of that county. Started by the voter's approval for ratification by constitutional amendment of that county’s charter.
The Annuity fund having an initial starting balance from:
1. The surplus revenues identified.
2. Revenue raised from the sale of enterprise or venture projects held by
government that should be in the hands of the private sector.
3. Revenue made available where downsizing was called for, and
appropriate.
It will be emphasized up front, that when the CAFR1 plan goes out for voter approval, due to the importance of the vote, all voters are to sign, and date their voting card for the purpose of eliminating any chances of voter fraud, or vote tampering.
As Mr. Burien, noted in his presentation, composite government pension funds from the over 85,000 separate government operations, generated in 1999, a return substantially greater than all personal and | ||||||||