Monday, January 25, 2010

US government = Big-Ass hedge fund

Very informative video by Walter Burien, 2000, just go through the first 15 minutes and you'd get a very good idea of how Americans have been screwed via unjustified taxation. E.g. the State of New Jersey claimed a deficit from a budget of 11Billion, yet in their Comprehensive Annual Financial Report, the state government holdings had well over 100Billion...

Most of that money goes to investments in corporate America. Turns out the US government indirectly invests in higher volume than Wall Street!

Here's the Californian reality, $59.83Billion tax revenue just sitting there while the state slides deeper into deficit.

"Collecting more taxes than is absolutely necessary is legalized robbery" - Calvin Coolidge

Do other governments practice similar schemes, too? PROBABLY!

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