Tariffs were the largest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. (source wikipedia)
America became prosperous by protecting American entrepreneurs from attacks by enemy governments and their favored business companies.
The 13 Colonies were forbidden to manufacture anything that might compete with English manufacturing. Outside of an exception for shipbuilding, the colonies supplied raw materials to England who manufactured a wide range of goods that were shipped back to the colonies. At great profit. England called this “one way street” Free Trade.
Free Trade is a propaganda label used to deceive. This British propaganda label was put on trade with England that was highly managed and manipulated for the benefits of a few. Mercantilism is a more accurate label.
the Boston Tea Party was American entrepreneurs reacting to an attack on their businesses by the British East India Company.
The British East India Company was no ordinary Company. It was Chartered in 1601 to effectively create monopoly control of the most lucrative items of trade. It might be thought of as one of the first government partnered transnational monopoly corporations.
In 1773 Parliament rebated a tax on tea so that the East India Company could undercut the price of tea in the Colonies and with the British governments help, enforce a monopoly on tea in the Colonies. The Boston Tea Party was Americas answer to Free Trade.
Read more About the American System of Prosperity (Protectionism) vs Free Trade (looting) here
The Comprehensive Annual Financial Report and the “budget” scam
Walter Burien is a dangerous man because he found out that the government is hiding huge amounts of taxpayer wealth that is not reported in the budgets of government. Contrary to popular belief, the budget is not a full accounting of all of the money government takes in and the taxpayer wealth government has accumulated. It is just like your budget. It is a budget for specific things. You may have a food budget, an entertainment budget, etc. You define your budget and what it is for. you budget does not list all income and assets. If you do not drink, you could say my drinking budget is zero. And if I spent one dollar on alcohol I’ve broken my budget. Government does this too.
Government does the same thing in their budgets. But they leave out a lot of important information. The Comprehensive Annual Financial Report is a much more complete report of the the taxpayer wealth hidden from the citizens. The budget is not a full accounting of government finances. Instead” the budget” is a propaganda tool to manipulate the public. With the “budget propaganda tool” you can convince the public to raise taxes, cut services and divert public wealth to a small group of elite insiders.
The public is only told about the “budget”. The public remains in the dark about The Comprehensive Annual Financial Report.
The President, Congress, newspaper editors, television executives and many others are sent cafrs’ .
Why are you still in the dark?
Until 2007 my local library had copies of the cafrs’ for my state, county and local government entities. Each one has a separate cafr. One for the state, a different one for the county, city, school, etc.