The Corporation Nation by Clint Richardson (1) – the truth about government finances, CAFRs
Clint Richardson’s blog: realitybloger.wordpress.com
His videos/documentaries: thecorporationnation.com
Corporation Nation (Autoplay in 20 parts)
You have to watch this film, as it gives us a more accurate picture, with clear evidence, hidden in plain sight, of how the oligarchical system or corporatist system we live under actually operates. It is a “collective government” that controls corporations.
Taxes, and mandatory government employee pension contributions, etc., are taken from us by governments (federal, state and local), which are actually tax exempt corporations.
This tax money is invested in anything and everything – foreign and domestic – including controlling stock in major Fortune 500 corporations. Assets and funds are accounted for by CAFRs or Comprehensive Annual Financial Reports.
But CAFRs are not considered by the government and media in their portrayal of government financing. The public is told only about the budget: how much revenue comes in from taxes and fees, and how much is spent. Governments have spending exceed taxes so that they can argue they need to raise taxes or cut spending.
They just don’t talk about the fact that they have some enormous net assets amount in their CAFR, which includes a large amount at any time that could be used to cancel out deficits and benefit citizens directly.
Some questions arise as I’m going over this subject:
1) Does it work the same way in Canada? To a lesser extent? What are the differences?
2) The implication is that these government-corporations are not really under the control of ordinary citizens or taxpayers (or pension plan contributors in the case of pension systems). It seems that higher governments (state or province) own and control a municipality and have infinitely more influence than municipal residents. There must be wealthy non-government entities who have a lot of influence, but since these governments are so pervasive in their control and investments, it would be hard to imagine any influential individuals or entities being independent of the collective government system.