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It is Your Planet To automatically subscribe to the CAFR1 NATIONAL email list(s) and posts: CLICK HERE TRF - Tax Retirement Funds Pension funds pay a salary and benefits at retirement. If the same principle to generate annual revenue was used under a TRF, any City, County, School District, or State can implement a TRF to pay their ongoing annual Budget and taxation then can be phased out.
The same government pension fund management teams would be used for the TRF. Instead of a pension funds to meet salary and benefits at retirement, now a separate TRF to meet annual budgetary expenses. Current rates of return are 16% to 18%, so with a little downsizing and consolidation of government and a TRF created for any small town or large local state government, taxation can be eliminated in a very short period of time through the use of the TRF. 1. 55% - 65% reinvestment into communities under TRF management. 2. 14% - 18% RETURN ANNUALLY! (Government's Performance on their own pension funds) 3. Complete transparency of public funds held by government - as it should have been 100 years ago. 4. The Complete phasing out of taxation of all types TRF approval rating on a scale from 1 to 10: Public approval rating: = 10 (People will camp out days in advance to be the first to cast their vote) Investment Firms approval rating: = 10 (Will grow bigger than government pension funds in ten years) Government's approval rating = 9 (for responsible and ethical managers) (Many from government have their hands deep in the cookie jar now, so only a 2 from those individuals) PLEASE SEE: http://CAFR1.com/2001.html TRF NOTES: INVESTED: 55% to 65% in the local communities under TRF management, with this being done you would have a very low unemployment rate. Property tax gone so you now regain true ownership of your property. (No longer a renter subject to tax eviction) Managers can determine annual bonuses based on performance. Just remember; The bigger the carrot, the harder the managers will focus to accomplish the objectives. What will be required when all taxation is phased out is; In the event returns fall to a point that jeopardizes budget requirements (highly improbable based on the exemplary performance shown over 70 years from government’s own pension fund management), a variable sales tax would be available to meet any shortfall. If the local Government administration activates the variable rate sales tax, then “they” will get specific penalties to "their" sensitive areas; no bonuses, cut in pay and staff, and continued downsizing until the sales tax is brought back to zero (0). This is required! A TRF Management Association (TRFA) established to pool talent from the Insurance, Banking, and investment firms, whereby any local government or the constituents from that local government can request a review and then a prospectus drafted for the TRF to be implemented in their local venue in a timely and efficient manner. What are you waiting for? Make it happen in your local government! Unless that is; You like it the way it is now. Yours truly,
Walter J. Burien, Jr. P. O. Box 2112 Saint Johns, AZ 85936 Tel. 928-445-3532 email: WalterBurien@CAFR1.com To automatically subscribe to the CAFR1 NATIONAL email list(s) and posts: CLICK HERE BACK TO: CAFR1.com
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